WednesdayJan 06, 2021 1:59 pm

Pure Extracts Technologies (CSE: PULL) Draws Out Expansion Plans in Anticipation of Regulatory Changes Within Mushroom Sector

Pure Extracts Technologies Corp. has announced plans to expand, build fourth unit in dedicated towards research, development of psilocybin Announcement on its expansion plans come shortly after the Company revealed it plans to apply to Health Canada for a Dealer’s License Award of Dealer’s License would allow Pure Extracts to cultivate, harvest and procure controlled substances and carry out research into psychedelic compounds such as psilocybin and psilocin – paving way towards future commercialization of its product The Dealer’s License application has taken on increased relevance following Health Canada’s decision to revise existing regulations to permit certain authorized uses of…

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TuesdayJan 05, 2021 1:01 pm

Cybin Inc. (NEO: CYBN) R&D Sees Hope in Growing Acceptance of Psilocybin

U.S. taking actionable steps toward acceptance of psilocybin States, individual cities have decriminalized, made use and possession of psilocybin low law-enforcement priority More psilocybin research being done focused on health, well-being of Americans facing a mental health crisis on epic levels Cybin (NEO: CYBN) is a life science company focused on the pharmaceutical development of psychedelic products. The company's subsidiary Serenity Life Sciences is focused on the research and development of psilocybin-based medications. Psilocybin, referred to by the media as magic mushrooms, has had its share of bad press. The stigma of this substance has halted R&D in America in…

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TuesdayJan 05, 2021 9:30 am

Research Suggests That Single Dose of Psychedelics May Alleviate Racial Injustice Trauma

A recent study has suggested that one positive experience on a psychedelic medicine may help alleviate anxiety, depression and stress symptoms in Indigenous and Black people as well as people of color who have been affected by racism. The retrospective study involved 30 participants who admitted that in the 30 days following an experience with either ecstasy (“MDMA”), psilocybin mushrooms or LSD, the trauma-related symptoms they experienced that were connected with acts of racism were reduced. Ohio State University assistant professor of social work Alan Davis, who was also a co-lead author of the study, explained that the participants’ experience…

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MondayJan 04, 2021 1:15 pm

VC Fund Committed to Psychedelic Medicine Development Launched in UK

In the past couple of years, biopharmaceutical firms focused on psychedelic medicines have increased in number. Two weeks ago, UK’s first psychedelic investment fund was launched. The fund is committed to psychedelic health care and hopes to invest in psychedelic medicines to treat conditions such as anxiety, addiction and depression. The fund was established by VC Neo Kuma Ventures, an organization based in London, which was formed by Nick David, Clara Burtenshaw and Sean McLintock in 2019. In the same year, the founders of Neo Kuma gave their support to ATAI Life Sciences AG, the co-owner of COMPASS Pathways (NASDAQ:…

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