Psychedelic highlights | December 28 – 31

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Psychedelic highlights | December 28 – 31

Here is a summary of the news from the last week in the psychedelics market. The value of the psychedelics market is more than $100 billion according to Cannacord most recent report.

Psychedelic market value by company

Last week performance

M2Bio SciencesWUHN$0.445+ 17.1 %
Red Light HollandsTRIP$0.305+ 5.1 %
Mind CureMCUR$0.73+ 4.2 %
Trip TherapeuticsTRYP$0.75+ 1.35 %
MindMedMMED$3.88+ 0.78 %
Field TripFTRP$4.18– 3.6 %
Psyched WellnessPSYC$0.27– 3.6 %
Revive TherapeuticsRVV$0.62– 10 %
CompassCMPS$47.64– 13.4 %
NuminusNUMI$1.07– 14.4 %

Story of the week

1. ThreeD Capital To Make Largest Investment Into Psychedelics Industry With US$450,000 Investment Into M2Bio Sciences, Inc. [news release]

M2Bio Sciences, Inc. is pleased to announce a private placement financing of $450,000.00 USD with ThreeD Capital Inc. 

Sheldon Inwentash, Chairman and CEO of ThreeD Capital stated :

“We are investing in Wuhan General Group (China) because of the deep expertise and scientific knowledge this company has in psychedelics.”

Read the full news HERE

2. Dr. John Fahy Joins Revive Therapeutics as Scientific and Clinical Advisor for COVID-19 FDA Phase 3 Study [news release]

Revive Therapeuticsis pleased to announce the appointment of Dr. John Fahy, MD, MSc, as a Scientific and Clinical advisor to the Company to assist in the expansion and the analysis of the clinical data on the ongoing U.S. Food & Drug Administration (“FDA”) Phase 3 clinical trial (the “Study”) to evaluate the safety and efficacy of Bucillamine in patients with mild-moderate COVID-19.

Read the full news HERE

3. Psyched Wellness Has Commenced Research on Muscimol for Various Ailments [news release]

Psyched Wellness  is pleased to announce that it has commenced research on Muscimol for various ailments, with a focus on mental health issues.

The purpose of the research is to gather all the scientific papers surrounding Muscimol and its various ailments, in order to support using Muscimol for mental health issues.

Read the full news HERE

4. Mind Cure Announces Retail Roll Out of Nootropics Lineup Across North America with Body Energy Club and Novel Supplement Product to Address Teen Wellness [news release]

Mind Cure is pleased to announce that Mind Cure’s three nootropic supplements, Focus, Energy, and Immunity, will be available in Body Energy Club locations.

In addition, Mind Cure announce the release of its latest formulation, Mind Cure Teen, an all-natural supplement designed specifically to relieve nervousness, restlessness, and sleeplessness caused by mental stress in teens. 

Read the full news HERE

5.Red Light Holland Engages Graham Pechenik as Senior Advisor to Advisory Board and To Make Groundbreaking Investment in St. Vincent and the Grenadines’ Plant-Based Wellness and Psychedelics Industry [news release]

Red Light Holland is pleased to announce it has engaged Graham Pechenik to serve as a Senior Advisor to its Advisory Board. Graham is a registered patent attorney, with degrees in Biochemistry and Cognitive Neuroscience. 

In addition, Red Light Holland announce it has entered into a non-binding letter of intent to acquire 100% of Mera Life Sciences LLC (“Mera“), a company focused on developing a modern medicinal industry in St Vincent and the Grenadines, with their issued Psychedelic Licenses

Read the full news HERE

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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

The Cannabis Stock and its employees may from time to time own shares of the companies named in the articles. All the facts reported by the cannabis stock are information that comes directly from the companies, from their website or on Sedar and are only published as information.

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