Calgary, AB – February 10, 2022 – Universal Ibogaine Inc. (TSXV:IBO) (“UI” or the “Company”) a life sciences company with a mission to transform the world of addiction treatment through medicalized ibogaine and a state of the art ongoing care program, is pleased to advise it has entered a Memorandum of Understand (the “MOU”) with Osoyoos Indian Band Development Corporation (“OIBDC”).
Osoyoos Indian Band
Osoyoos Indian Band is a world leader in indigenous business. OIBDC has generated hundreds of millions of dollars of revenue on its lands through tourism, leasing and construction related endeavors, joint ventures and partnerships with globally recognized brands such as Hyatt and Jackson-Triggs. The Osoyoos Indian Band has 540 members and its territory spans over 32000 acres of the warmest lands in Canada located in the Okanagan valley of British Columbia, between Osoyoos and Oliver.
MOU Objectives
The MOU has as its objective, participation of both organizations for purpose and profit, to construct an ibogaine centered detox clinic and holistic aftercare treatment centre. The partners will act as collaborators in bridging economic and social models that respect Indigenous ways while leveraging Western scientific practices. Partnership opportunities may include leasing or joint venture with possibilities to convert existing space or new construction. The development timeline will coincide with the planned Health Canada approval process of the Universal Ibogaine treatment protocol.
Chief Ian Campbell – Chairman Universal Ibogaine
Chief Ian Campbell of the Squamish Nation and UI Board Chair shared “The primary focus for Universal Ibogaine is to bring this life saving medicine to those who need it as quickly as possible. This potential partnership between UI and the Osoyoos Indian Band demonstrates what is possible when we work together towards a solution.”
Chief Clarence Louie – Osoyoos Indian Band
Clarence Louie is a globally recognized indigenous leader and has served as the elected Chief of the Osoyoos Indian Band for close to 40 years. He is a sought-after speaker and holder of innumerable awards, including an Order of Canada and membership in the Canadian Business Hall of Fame. Chief Clarence stated, “We are pleased with the opportunity to partner on this venture and bring opportunities for economic inclusion and deep healing for many people to our lands.”
Nick Karos – CEO Universal Ibogaine
Nick Karos, recently appointed CEO of Universal Ibogaine added “We are excited for this developing relationship. The Osoyoos Indian Band is one of the most proactive and forward-looking groups we have had the opportunity to engage with. We have a big job ahead, and partners like Osoyoos Indian Band add huge credibility to our mission and can aid in diversifying our business opportunities and the planned ultimate deployment of the ibogaine addiction treatment protocol”.
Mike Campol – COO Osoyoos Indian Band Development Corporation
“The opioid epidemic is a public health emergency. We have to do better than opioid substitution therapy. What we have here is an opportunity to be part of a transformation in the way that society treats those who suffer, views plant medicine, and understands indigenous culture. We are pleased to see where this collaboration can take us.”
About Universal Ibogaine Inc.
UI is a life sciences company, with a mission to demonstrate the safety and efficacy of its ibogaine based drug detox protocol through a Canadian Clinical Trial, and ultimately to utilize that protocol around the globe through future licensing agreements. UI is concurrently developing a state of the art holistic addiction treatment protocol at its Kelburn Clinic that, which when paired with the planned ibogaine detox protocol, is intended to revolutionize the way we treat addiction and drastically improve the lives of individuals and families affected by addiction.
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THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements and information. Forward-looking information
is frequently characterized by words such as “plans”, “expect”, “project”, “intend”, “will”, “believe”,
“anticipate”, “estimate”, “scheduled”, ”potential”, or other similar words, or statements that certain events
or conditions “may”, “should” or ”could” occur. The 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, undue reliance
should not be placed on the forward-looking statements because UI can give no assurance 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 anticipated due
to a number of factors and risks, which include, but are not limited to, risks that required regulatory
approvals are not 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 conditions as of the date hereof. UI does not undertake any obligation to release publicly any revisions
to forward-looking information contained herein to reflect events or circumstances that occur after the
date hereof or to reflect the occurrence of unanticipated events, except as may be required under
applicable securities laws.
For further information:
Investor Relations: Dugan Selkirk, IR Manager
[email protected]
Media Contact: Cathy Fernandes, Director – Marketing & Communications
[email protected]
