For several months, the psychedelic market has taken off in an unexpected way that catches the eye of investors.
The companies involved in the market are becoming more active and new companies are entering the market by attracting the attention of investors eager for interesting returns.
“According to some experts, the market can be evaluated at more than $ 350 billion”
The World Economic Forum estimated that in 2010, the global cost to treat all mental health illness was US $2.5T, two-thirds of which was made up of indirect costs. This is forecast to grow to US $6.0T by 2030.
Some companies have made more than 1200% increase in a few months including Champignon Brand which has gone from 18 cents to $2.40 in just a few months.
Last week, Cannaccord Genuity Corp took a close look at the market and published a fairly comprehensive report on the market and the companies involved. The report is available HERE.
New popular listing
Last week was very active with the arrival on the market of Red Light Holland Corp. | TRIP by the famous Todd Shapiro, the Chief Executive Officer.
Red Light Holland Corp. | TRIP is an Ontario-based corporation positioning itself to engage in the production, growth and sale (through existing Smart Shops operators and an advanced e-commerce platform) of a premium brand of magic truffles to the legal, recreational market within the Netherlands.
The company made a big hit by hiring Bruce Linton (founder and former CEO of Canopy Growth Corporation) as the Chairman of its Advisory Board.
“We are extremely pleased to have Mr. Linton serve as the Chairman of the Advisory Board. He is a visionary with a vast global network of connections, and the business acumen necessary to assist Red Light Holland in developing new business opportunities, ”
-said Todd Shapiro, the Chief Executive Officer, Chairman, and Director of the Company.
In addition, Red Light Holland Corp. | TRIP engaged global comedy superstar, Mr. Russell Peters (4 million Twitter followers, 1.1 million Facebook likes, and 399,000 Instagram followers), as an independent consultant to the Company in the capacity of Chef Creative Officer
The action of Red Light Holland Corp. | TRIP ended the week at $0.20 up 14%
Several news from the psychedelic market last week
Last week, several interesting news were issued by companies linked to the market including
Champignon Brands and more.
To see all the news, visit the psychedelics market related section HERE.
A hidden card ?
Finally, despite all the potential of companies linked to the psychedelics market, one stands out from the others with something that the others do not.
In addition to its Psilocybin Research and Development, Revive Therapeutics Ltd | RVV is preparing along with its CRO, Pharm-Olam, the Investigational New Drug (“IND”) package to the US Food and Drug Administration (“FDA”) for the proposed Phase 3 confirmatory clinical trial (“Phase 3 study”) to evaluate Bucillamine in the treatment of patients with mild-moderate COVID-19 due to the SARS-CoV-2 infection.
For more information | HERE
LAST ALERT MADE MORE THAN 800% !
This article is written and published by The Cannabis Stock
Disclaimer : The Cannabis Stock wants to promote the cannabis market with the best articles and news on the market. The Cannabis Stock does not recommend selling or buying any of the company mentioned and is not responsible for any losses that may result. The Cannabis Stock are engaged in the business of marketing and advertising companies