Delic Holdings Corp, the parent company of Ketamine Wellness Centers, has closed down nine clinics in different parts of the United States for unknown reasons. This is likely to have an impact on both patients and employees associated with those centers. The Clinics were acquired by Delic Holdings Corp for a sum of $10 million in November 2021. The company’s 2020 revenue stood at $3.5 million while its projected 2021 revenue was estimated at $4.5 million. Adding to this news, Field Trip Health & Wellness (also based in Canada) announced on Wednesday that it is closing down several centers in U.S cities such as Chicago, Washington D.C., Seattle and San Diego due to undisclosed reasons.
It is worth noting that psychedelics such as ketamine are being used increasingly to treat various mental health conditions like PTSD, AUD and depression during this pandemic period but the Drug Enforcement Administration (DEA) is now starting to roll back some flexibilities previously given out as part of emergency measures during this time. The implications due to the closure of these clinics needs to be seen and it remains to be seen how it affects the patients and employees associated with those facilities who have been impacted by this decision taken by Delic Holdings Corp and Field Trip Health & Wellness.
What makes this even more concerning is the fact that there has been a surge in demand for psychedelics as remedies for mental issues arising from pandemic stressors such as isolation, job loss or social upheaval – putting extra pressure on providers like Field Trip Health & Wellness which now face risks due to legal regulatory concerns over these substances being used outside of clinical settings or without prescription medications being prescribed first.
At Delic Holdings Corp though there could potentially be another issue; whether any additional cost-cutting measures need to be implemented possibly due to failing revenue projections since acquiring Ketamine Wellness Centers may have taken a toll on their financials? It could also point towards a lack of effective collaboration between departments within the organization thus resulting in mismanagement or unexpected costs incurred from running multiple operations simultaneously with limited resources or personnel – leading up to ending up having too many clinics operating than what was desired which would eventually lead us into questioning why no previous action had been taken before it got so far?
Although both companies (Delic Holdings Corp as well as Field Trip Health & Wellness) remain tight-lipped about their closures and what precedents led them here; whatever it might be we can only hope that they are able to figure out ways forward without compromising patient access or safety when providing services related these substances especially considering how crucial such treatments could potentially become moving further down the line owing to recent trends surrounding mental health issues faced by people across all demographics due the current circumstances involving Covid-19 – otherwise we’d end up facing yet another significant hurdle in overcoming common afflictions affecting our population right now lest we forget how far we’ve come thus far!
