PRESS RELEASE: FILAMENT HEALTH ANNOUNCES THIRD QUARTER 2024 FINANCIAL RESULTS AND OPERATIONAL HIGHLIGHTS | Cannabis Law Report | How to order Skittles Moonrock online

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,  /CNW/ – Filament Health Corp. (OTCQB: FLHLF) (Cboe CA: FH) (FSE: 7QS) (“Filament” or the “Company”), a clinical-stage natural psychedelic drug development company, released its third quarter financial results and operational highlights for the period ended September 30, 2024.

“This quarter we continued to grow our position as the premier global supplier of cGMP botanical psilocybin,” said Benjamin Lightburn, Chief Executive Officer and Co-Founder at Filament Health. “We were pleased to announce a significant expansion of our intellectual property portfolio, with the issuance of 20 new patents in the US, Canada, and Australia, ensuring the protection of our drug candidates and IP.”

Q3 2024 Financial Highlights:

• Cash and cash equivalents of $878,717;
• Cash used in operating activities of $1,840,498; and
• Total revenues of $426,661.

Q3 2024 Operational Highlights:

• On August 13, 2024, the Company announced the expansion of its intellectual property portfolio with the acceptance of twelve patents by IP Australia related to the development of botanical psychedelic drugs, five patents by the Canadian Intellectual Property Office, and three patents by the United States Patent and Trademark Office.

ABOUT FILAMENT HEALTH (OTCQB:FLHLF) (CBOE CA:FH) (FSE:7QS)
Filament Health is a clinical-stage natural psychedelic drug development company. We believe that safe, standardized, naturally-derived psychedelic medicines can improve the lives of many, and our mission is to see them in the hands of everyone who needs them as soon as possible. Filament’s platform of proprietary intellectual property enables the discovery, development, and delivery of natural psychedelic medicines for clinical development. We are paving the way with the first-ever natural psychedelic drug candidates.

Learn more at www.filament.health and on Twitter, Instagram and LinkedIn.