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Avail Scientific Signs LOI to Acquire Florida Neurological Testing Company Relai Neuro

Jan 19, 2023 (ACCESSWIRE via COMTEX) -- TORONTO, ON / ACCESSWIRE / January 19, 2023 / AVAIL SCIENTIFIC (OTC PINK:MOBO) is pleased to announce it is entering into a letter of intent (LOI) to acquire Florida based Relai Neuro LLC which provides Neurological testing and data management.

This acquisition will allow Relai to double its sales force over the next three months as well as expand services into California, Texas, and Colorado.

Dr. James Thompson, CEO of Relai Neuro, says; "We are excited to work with Avail Scientific. The acquisition will allow us to bolster our offerings and our team. Additionally, the acquisition of Relai will allow us to achieve our goals of expansion in Florida, as well as expand quickly into California, Texas, and Colorado markets."

"Relai Nero allows Avail to continue to accelerate our treatment applications, testing and supporting data collection as we strive to become a world leader in the clinically studied and supported use of psychedelic therapeutics for treatment of addiction & mental health issues," says Avail CEO, Michael Paul.

Relai Neuro provides neurological testing and data management to rehab and mental health treatment centres in Florida.

Relai's products and methodology allow for the direct measurement of progress in neural functions of patients under various treatments. For example, Relai is currently measuring the effects of Psilocybin micro-dosing on addiction in patients within a clinical environment.

RelaiNeuro - https://nusqu.com/relaineuro

https://www.marketwatch.com/press-release/avail-scientific-signs-loi-to-acquire-florida-neurological-testing-company-relai-neuro-2023-01-19?mod=mw_quote_news_seemore