Delic Holdings highlights financial success and continues to expand KWC

headquartered in Vancouver, Delic Holdings Corp. (CSE: DELC) (OTCQB: DELCF) (FRA: 6X0) has achieved a number of notable successes over the past two years. The company continues to be financially successful and solidifies its status as a pioneer in the psychedelic therapeutics industry.

Delic provided a corporate update on recent notable developments on Thursday.

An interesting example is a new partnership with the Veterans Administration (VA) in Arizona.

Read more: Psychedelic Therapeutics Market With Steady Growth: InsightAce

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Delic describes himself as a leader in novel medicines and treatments that are reshaping the conversation about psychedelics and increasing access to therapies that are needed by many. The organization operates a chain of Ketamine Wellness Centers (KWC) in the United States, the largest chain of psychedelic treatment facilities in the country. The Company’s Delic Labs facility in Vancouver is the only Health Canada approved designated facility to study and develop psilocybin vaporization technology.

The company’s year-end report, released last May, showed that Delic had generated over $1.5 million in revenue in 2021. The report also revealed that the company had grown its net worth to $10 million, an exponential increase from $2.1 million in 2020.

Delic Corp continues to expand its market position by expanding its KWC and implementing various new services and programs.

The Delic-owned KWC has reportedly performed almost 100,000 treatments on patients with approved prescriptions enabling them to obtain them. The company claims that as of April 1 of this year, through its Seattle, Houston and Las Vegas locations, it has begun offering more patient therapy sessions with the FDA-cleared SPRAVATO esketamine nasal spray than any other ketamine vendor.

The KWCs in Dallas, Minneapolis and Salt Lake City are the latest new providers of the therapy.

KWC in the US has also begun offering NAD+ therapy in its treatment arsenal, a type of therapy administered intravenously or intramuscularly that stimulates cell regeneration and communication. NAD+ also has the potential to increase brain function and improve natural energy stores and immunity. According to Delic, it is said to be effective in fighting depression and post-traumatic stress disorder (PTSD).

Delic’s KWC recently entered into a new partnership agreement with the Arizona VA to help veterans suffering from mental illnesses such as PTSD, treatment-resistant depression and anxiety. Vets desiring treatment for their mental illnesses now have priority access to ketamine therapies through the Mesa-Gilbert, Phoenix and Tucson centers with no associated fees after receiving VA approval.

Previously, a VA partnership was in place with the Ketamine Wellness Center in Burnsville, Minnesota.

“I am very pleased to report that Delic Corp is thriving and continues to grow as evidenced by the revenue we have generated in our first full year of operations. We have a strong team across all businesses and I’m proud of the work we’ve done to date to make these life-changing therapies more affordable and accessible, while working to transform perceptions of psychedelics and mental health. However, there are still too many people with mental illness who are unaware of the help that is currently available to them. We will continue to find solutions to these challenges and ensure that treatments are more affordable and accessible to everyone who needs these therapies,” said Matt Stang, CEO and co-founder of Delic.

Finally, KWC launched the Ketamine Wellness Integrative Therapist Directory — an all-encompassing resource designed to connect patients with credible mental health professionals who can support them in the integration process after ketamine therapy to improve their daily lives.

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