Irwin Naturals Inc (OTCMKTS:IWINF) Stock corrects After Issuing Key Operational Update

Shares of Irwin Naturals Inc (OTCMKTS:IWINF) was under pressure on Wednesday.

Market Stats

On Wednesday, IWINF stock fell 6.67% to $2.80 with more than 820 shares, compared to its average volume of 337 shares. The stock moved within a range of $2.8000 – 3.1623 after opening trading at $3.1623.

Irwin Naturals Begins Rollup of Psychedelic Mental Health Clinics

Irwin Naturals Inc (OTCMKTS:IWINF) on February 9, 2022 announced taking the first step in executingketamine clinic rollup strategy – a move that the firm said is motivated by the intent to become globally the biggest chain of psychedelic mental health clinics.

Irwin Naturals Emergence, wholly owned subsidiary of Irwin, and shareholders of Midwest Ketafusion, LLC have ventured into definitive agreement on February 7, 2022 after which Irwin Emergence will be acquiring all issued as well as outstanding securities of Ketafusion.

Irwin’s CEO, Klee Irwin said that leadership shown by Ketafusion in the space as well as access to care being provided make it an acquisition for the national roll-up.

Irwin added that the company is positioning itself as a national brand first-mover advantage and would be leveraging brand equity for expanding rapidly as society embraces psychedelic mental health revolution.

The CEO further added that Ketamine is an effective treatment for several health disorders. He added that since 80% of households are familiar with the Irwin brand, it would be a lifesaving solution to those in need.

Founder and CEO of Ketafusion, Charlie Hong said that it is impressive to see Irwin’s approach to the country’s mental health crisis, especially driving down patient costs as well as bring profitable at different stages of expansion.

Key Quote

Irwin’s CEO, Klee Irwin, said, “The leadership showed by Ketafusion in this space, and the access to care they are providing their fellow Iowans make this first upcoming acquisition in our national roll-up all the more exciting. Additionally, with a large proportion of the consideration being back-end loaded and earn-out based, the sellers, who will remain with the business, are aligned with our shareholders’ interests. With each acquired clinic to be renamed Irwin Naturals Emergence, we are the world’s first household name to enter the space and are executing towards becoming the largest clinic chain in the world.”