Medicalized Ibogaine

Search documents
Universal Ibogaine Advises of Debt Settlement with CEO and Resignation of a Member of its Board of Directors
Thenewswireยท 2025-07-08 02:30
Company Overview - Universal Ibogaine Inc. is a life sciences company focused on researching and delivering medicalized ibogaine-centered addiction care [4] - The company aims to transform addiction treatment through a planned Canadian clinical trial targeting opioid use disorder and intends to utilize this treatment protocol globally via future licensing agreements [4] Recent Developments - Ken Cranwill has resigned from the Board of Directors to focus on other business ventures, with the company expressing gratitude for his service over the past year [1] - The company has received approval from the TSX Venture Exchange to settle $106,200 in consulting fees owed to CEO Nick Karos by issuing 4,248,000 common shares at a price of $0.025 per share [2] - Following the share issuance, Universal Ibogaine will have a total of 312,858,516 common shares outstanding [2] Future Plans - The company is concurrently developing a holistic addiction treatment protocol at its Kelburn Recovery Centre, which, when combined with the ibogaine detox protocol, aims to revolutionize addiction treatment and improve the lives of affected individuals and families [4]