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Life Clips, Inc. entered into a letter of intent to acquire Cognitive Apps Software Solutions Inc., a developer of artificial intelligence (AI) applications for the health care industry and psychedelic research. The acquisition is expected to close in the second quarter of 2021. The financial terms were not disclosed.

Cognitive Apps provides an AI powered mental health analytics platform empowering businesses to measure, understand, and improve mental well-being of their employees and consumers with easy to use tools. The Cognitive Apps assessment is fast and easy to administer. The consumer only needs to record their voice on a handset . . .

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