Key Points

  • Psy Index Down 10.7% For the Week

  • Corporate Developments

  • DARPA’S (USA) $US27Million Investment Into Research


PsyIndex Weekly Update

The PsyIndex fell 10.6% final week after buying and selling was suspended in Champignon Brands Inc. (CSE: SHRM, OTC: SHRMF). Field Trip Health additionally turned the most recent non-public firm to disclose plans to go public by way of a reverse merger following the same transfer by Silo Wellness the week prior.

Psy Index


Market Performance

PsyIndex Weekly Performance: $89.20 (-10.6%)


Corporate Developments

  • Mind Medicine Inc. (NEO: MMED) (OTC: MMEDF) filed two separate patent purposes for applied sciences to display and optimize the dosing of MDMA and LSD in collaboration with the University Hospital Basel.
  • Empower Clinics Inc. (CSE: CBDT) (OTC: EPWCF) plans to open a wellness clinic in Vancouver, BC to help the event of the psychedelics division Dosed Wellness and to ascertain a brand new Canadian headquarters.
  • Field Trip Health signed a letter of intent with Newton Energy Corporation (TSX-V: NTN.H) to go public by way of a reverse merger. The deal would contain elevating $14 million in a non-public placement of frequent shares.
  • Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF) introduced that it has been chosen for a steady disclosure overview by the BC Securities Commission. In reference to the overview, it suspended buying and selling of the securities in Canada.
  • Numinus Wellness Inc. (TSX-V: NUMI) introduced the formation of a Clinical Advisory Council to develop an assisted psychedelic remedy program.


Industry Developments

  • The U.S. Department of Defense’s Defense Advanced Research Projects Agency, referred to as DARPA, introduced a brand new $27 million venture to create new medicines to successfully and quickly deal with despair, nervousness, and substance abuse with out main unintended effects. In specific, researchers will search for methods to scale back the hallucinogenic, addictive and disorientating side-effects of medication like ketamine and psilocybin to raised deal with these neurological circumstances.

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