Psychedelic Wellness-Focused Company DELIC Holdings Announces Appointment of Kyle Snook to Board of Advisors

VANCOUVER, BC, March 2, 2021 /CNW/ - DELIC Holdings Inc. ("DELIC" or the "Company") (CSE: DELC) (OTCQB: DELCF), a psychedelic wellness-focused company, is pleased to announce the appointment of Kyle Snook, former COO of Actify Neurotherapies, to the Board of Advisors of the Company. 

Matt Stang commented "On behalf of the team at DELIC, I am very excited to welcome Kyle to the Board of Advisors. His multi-faceted background will be an invaluable asset to the team. I look forward to working together and building DELIC to becoming a leader in the sector."

Kyle Snook was the COO of Actify Neurotherapies, a Venture backed multi-site startup formerly the largest provider of IV Ketamine Therapy nationwide. As COO Kyle was responsible for all business operations including multi-site operations and growth, marketing and financial management. Kyle received his undergraduate degree from West Point and served as an Infantry officer in the United States Army, including a combat tour to Afghanistan. Kyle also received his MBA from Harvard Business School. His professional experience includes several years of multi-site growth operations running DaVita's New York City Metro market and currently serves as an senior operations executive at a VC/PE backed startup called Strive Health. 

Kyle Snook commented "The mental health community has long needed new and innovative treatment options for those suffering from PTSD, anxiety and multiple depression disorders. Through my experience leading Actify Neurotherapies, I have seen firsthand the dramatic positive effects IV Ketamine can have for patients. I'm excited to join the DELIC team and believe we're well positioned to scale access to safe, affordable and effective innovative behavioral health therapies for those in need. This includes new incoming patients that are experiencing mental health challenges due to COVID-19, we are establishing a series of clinics that appeal to all."

The Company's Board of Directors have approved the granting of 50,000 incentive stock options to Mr. Snook at an exercise price of $0.58 as of the close of business on February 11, 2021. The stock options are exercisable for a period of 3 years in accordance with the terms of the Company's Incentive Stock Option plan.

About DELIC 
DELIC Always Expanding. In All Ways. 

DELIC was formed in 2019 to address the growing interest in psychedelic wellness backed by science. DELIC was the ‎first psychedelic umbrella platform and is currently a trusted source for those interested in ‎psychedelic culture, psychedelic clinics, and more. ‎DELIC's offerings include, Ketamine Infusion Center (under purchase contract), a limited liability corporation formed under the laws of Arizona and runs two ketamine clinics in Arizona and California, Complex Biotech Discovery Ventures (under purchase contract), a licensed cannabis and psilocybin lab, "Reality Sandwich", a free public education platform providing psychedelic guides, news and ‎culture, "Meet Delic", the first ever psychedelic wellness summit, and "The Delic", an e-commerce lifestyle brand. ‎For more information, check out www.deliccorp.com.

The Canadian Securities Exchange ‎has neither approved nor disapproved the contents of this news release and does not accept responsibility ‎for the adequacy or accuracy of this release.‎

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities ‎in the United States. The securities have not been and will not be registered ‎under the United States ‎Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state ‎securities laws and may not be offered or ‎sold within the United States unless registered under the U.S. ‎Securities Act and applicable state securities laws or an ‎exemption from such registration is available.‎

Forward-Looking Information and Statements

This press release contains certain "forward-looking information" within the meaning of applicable ‎Canadian securities ‎legislation and may also contain statements that may constitute "forward-looking ‎statements" within the meaning of ‎the safe harbor provisions of the United States Private Securities ‎Litigation Reform Act of 1995. Such forward-looking ‎information and forward-looking statements are not ‎representative of historical facts or information or current ‎condition, but instead represent only the ‎Company's beliefs regarding future events, plans or objectives, many of ‎which, by their nature, are ‎inherently uncertain and outside of DELIC's control. Generally, such forward-looking ‎information or ‎forward-looking statements can be identified by the use of forward-looking terminology such as ‎‎"plans", ‎‎"expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", ‎‎‎"anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may ‎contain ‎statements that certain actions, events or results "may", "could", "would", "might" or "will be ‎taken", "will continue", ‎‎"will occur" or "will be achieved". The forward-looking information and forward-‎looking statements contained herein ‎may include, but are not limited to, information concerning listing on the Canadian Securities Exchange, anticipated continued growth in the health and wellness sector (and, in particular, related to psychedelics), the continued emergence of psychedelics from stigmas, the ability of the Company to maintain sensible messaging, the ability of the Company to avoid dogmatic practices and binary rhetoric‎, the ability of DELIC to successfully achieve business ‎objectives, ‎and expectations ‎for other economic, ‎business, and/or competitive factors.‎

By identifying such information and statements in this manner, DELIC is alerting the reader that ‎such ‎information and statements are subject to known and unknown risks, uncertainties and other factors ‎that may cause ‎the actual results, level of activity, performance or achievements of DELIC to be ‎materially different from those ‎expressed or implied by such information and statements. In addition, in ‎connection with the forward-looking ‎information and forward-looking statements contained in this press ‎release, DELIC has made certain ‎assumptions. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions ‎underlying the ‎forward-looking information or statements prove incorrect, actual results may vary ‎materially from those described ‎herein as intended, planned, anticipated, believed, estimated or ‎expected.‎

Although DELIC believes that the assumptions and factors used in preparing, and the expectations ‎contained ‎in, the forward-looking information and statements are reasonable, undue reliance should not ‎be placed on such ‎information and statements, and no assurance or guarantee can be given that such ‎forward-looking information and ‎statements will prove to be accurate, as actual results and future events ‎could differ materially from those anticipated ‎in such information and statements. The forward-looking ‎information and forward-looking statements contained in this ‎press release are made as of the date of ‎this press release, and DELIC does not undertake to update any ‎forward-looking information ‎and/or forward-looking statements that are contained or referenced herein, except in ‎accordance with ‎applicable securities laws. All subsequent written and oral forward- looking information and ‎statements ‎attributable to DELIC or persons acting on its behalf is expressly qualified in its entirety by this ‎‎notice.‎

SOURCE Delic Holdings Inc.

Investor Relations Contact, Daniel Southan-Dwyer, Corporate Development, [email protected]