UNIVERSAL IBOGAINE PROVIDES UPDATE ON KELBURN RECOVERY CENTER OPERATIONS

CALGARY, AB, April 7, 2022 /CNW/- universal ibogaine inc. (TSXV: IBO) (“user interface” wave “Company“), a life sciences company with a mission to develop and deliver ibogaine-focused addiction healthcare, reports that it has temporarily closed the Kelburn Recovery Center (“Kelburn“) due to a flooding problem at the site.

Universal Ibogaine Update on Kelburn Operations (CNW Group/Universal Ibogaine Inc.)

Kelburn is UI’s addiction treatment site operating near Winnipeg, Manitoba, and which experienced abnormally high winter snowfall conditions, resulting in high current groundwater levels due to spring melt conditions. Kelburn is currently evaluating options for ongoing patient treatment and damage repair, which will be included in Kelburn’s property and business interruption insurance coverage, subject to policy limits. The timing of the remediation and final reopening of operations at Kelburn cannot be determined, but will likely require a minimum of 2-3 months.

nick karos (CEO) noted that “of course, this is an unforeseen unforeseen event, and our first priority is to ensure continued continuity of care for our patient group. The extent of the damage is expected to be contained to a portion of the basement and we allow operations to resume on-site within a reasonable time”.

About universal ibogaine inc.

UI is a life sciences company, with a mission to demonstrate the safety and efficacy of its ibogaine-based drug detoxification protocol through a planned Canadian clinical trial (focusing on opioid use disorder) and, in ultimately use that protocol worldwide through future planned licenses. agreements. UI is concurrently developing a state-of-the-art holistic addiction treatment protocol at its Kelburn Recovery Center that, when combined with the planned ibogaine detox protocol, aims to revolutionize the way we treat addiction and dramatically improve the lives of individuals and families affected by addiction. .

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THIS TERM IS DEFINED IN THE POLICIES OF THE TSX COMPANIES EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

‎This press release may contain forward-looking information and statements. Forward-looking information is often characterized by words such as “plans,” “expect,” “project,” “intend,” “believe,” “anticipate,” “estimate,” “schedule,” “potential,” or others. similar words, or statements that certain events or conditions “may”, “should” or “could” occur. Forward-looking statements and information are based on certain key expectations and assumptions made by UI. Although UI believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, forward-looking statements should not be unduly relied upon because UI cannot guarantee that they will prove to be correct.

Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently expected due to a number of factors and risks, including, but not limited to, risks that required regulatory approvals may not be obtained. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by UI at the time of preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on forward-looking information, which speaks only to the conditions as of the date hereof. UI undertakes no obligation to publicly disclose any revision of the forward-looking information contained herein to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unforeseen events, except as required by applicable securities laws. . ‎

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SOURCE universal ibogaine inc.

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