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CMND · NASDAQ · Biotechnology

Clearmind Medicine (CMND)

Develops non-hallucinogenic MEAI treatments for alcohol use disorder and related conditions.

$1.75
Pre-market−0.11 (−6.11%)
At close$1.86(+1.64%)
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Clearmind Medicine Inc.CMNDHealth Care

Develops MEAI-based, non-hallucinogenic medicines and related products, led by CMND-100 for alcohol use disorder. Its asset-heavy model relies on outsourced research and trials, and it has no approved product or product-sales revenue.

Develops non-hallucinogenic, psychedelic-derived compounds, led by oral CMND-100, a MEAI candidate in Phase I/II testing for alcohol use disorder. Additional work includes intranasal MEAI, preclinical metabolic and weight-management research, an MEAI-based alcohol-substitute beverage, and discovery-stage programs for addiction and mental-health conditions.

Operates as a Canadian-incorporated company headquartered in Vancouver, with research and development primarily in Israel and clinical sites in Israel and the United States. A small internal team coordinates academic licenses, external laboratories, contract research organizations, clinical-supply vendors, and trial sites. The business has no approved products or product-sales revenue; progress depends on clinical evidence, regulatory approvals, external providers, academic licenses, and future financing.

Company facts

CEOAdi Zuloff-Shani
ListedNov 15, 2022
ExchangeNASDAQ
HeadquartersVancouver, Canada
CountryCanada
Employees5
CIK0001892500
ISINCA1850536006

Market cap$2.7M
EPS (ttm)−$11.56
P/E (ttm)−0.1600
ROE-138.2%
P/B0.0486
P/S0.00
Dividend yieldDiv yield
Beta0.05vs XLV −1.29

No analyst consensus on record.

EPSReportedEstimate

Sep '24Jan '25Mar '25Jun '25Sep '25Jan '26Mar '26Jun '26
Reported−$0.59−$0.11−$9.60−$6.40−$10.00−$4.40−$3.32−$6.78
Estimate
Surprise

RevenueReportedEstimate

Sep '24Jan '25Mar '25Jun '25Sep '25Jan '26Mar '26Jun '26
Reported
Estimate
Surprise
Estimate
Reported−$6.78
Estimate
Reported
View details

Debt to equity0.70%
Current ratio479.30%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$0$0$0$0$0$0$0$0
Net income−$2.1M−$884.7K−$1.1M−$784.5K−$1.3M−$687.8K−$3.9M−$2.0M
Net margin

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$1.5M−$1.6M−$1.5M−$1.3M−$1.4M−$1.5M−$3.7M−$1.6M
YoY growth

Balance sheet, Apr 30, 2026Cash & short-term investments $13.6M · Total debt $85.6K · Total assets $14.5M · Shareholders' equity $11.5M

Revenue
$0
Operating income
−$1.6M
Net income
−$2.0M
View details

No dividends on record.

Institutions4 holders · as of Mar 31, 20261,138.28%4.5K ADS
Adds to1,138.28%

395 ADS (1 ADS = 40 ordinary shares) as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing

Two share counts disagree (395 in the company's Sep 3, 2026 report, 1.49M elsewhere); stakes use the report.

These groups come from separate filings that can overlap, so they add to 1,138.28%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesEvidence
XTX Topco LtdInstitution
549.22%21,694 ADS13Fas of Mar 31, 2026
HRT Financial LPInstitution
402.78%15,910 ADS13Fas of Mar 31, 2026
Advisorshares Investments LLCInstitution
186.25%7,357 ADS13Fas of Mar 31, 2026
UBS Group AGInstitution
0.03%1 ADS13Fas of Mar 31, 2026
AdvisorShares TrustInstitution
5.48% of class, as filed13Gfiled Feb 14, 2024
See all 11

13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jun 16, 2026HRT Financial LP10 percent owner−22,139$3.31
Jun 15, 2026HRT Financial LP10 percent owner−3,183$3.32
Jun 12, 2026HRT Financial LP10 percent owner−2,102$3.36
Jun 11, 2026HRT Financial LP10 percent owner−225,191$0.1230
Jun 10, 2026HRT Financial LP10 percent owner+2,159,052$0.1530
View details

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