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New Wave Holdings Sponsors Non-Profit Coalition, Therapsil, to Launch a Medical Psilocybin Access Project for Canadians in Palliative Care

TORONTO, May 24, 2020 /CNW/ -New Wave Holdings Corp. (CSE: SPOR, FWB:0XM2, OTC:TRMND)A  ("New Wave" or the "Company"), is pleased to sponsor TheraPsil, a British Columbia-based non-profit coalition (the "TheraPsil Coalition") that is seeking legal access to psilocybin for Canadians with a palliative diagnosis and psychological distress.Headquartered in Victoria, British Columbia, TheraPsil was established in 2019, with its mission focused on four pillars:

Compassionate Access: Establishing safe, and legal access to psychedelic-assisted therapy for those in medical need;



Public Education: Increasing awareness of the merits and limitations of psychedelic-assisted therapy;



Professional Training; Developing safe, simple and effective protocols for credentialed health professionals to deliver psilocybin-assisted therapy, in collaboration with other active organizations; and,



Research: Facilitate research and evaluation in collaboration with Canadian and international partners.

"Canadians in palliative care who are seeking legal access to psilocybin to treat their end-of-life distress need support. TheraPsil is a patient-first organization dedicated to providing this support for terminally ill patients, but we can't do it without the help from others who believe in our mission. I'm very grateful for New Wave's support. With it, we will be able to dedicate increasingly more time and resources into our psilocybin access project that will get these patients their right to treatment with psilocybin, in a timely manner," Dr. Bruce Tobin, founder of TheraPsil"Our team at New Wave is very optimistic about the therapeutic potential of psychedelic medicine, especially for those patients in considerable distress or facing end-of-life. As more and more research is done in this area, we believe that these treatments have the potential to become mainstream sooner rather than later," said Trumbull Fisher, President of New Wave.For information about the TheraPsil's medical team and program, visit www.therapsil.ca.A 
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