Forbes report…..

Lorne Gertner is stepping into the magic mushroom enterprise.

After 20 years within the authorized hashish world, the co-founder of Tokyo Smoke will announce his first foray into psychedelics on Monday. Mr. Gertner will grow to be chairman of a brand new firm dedicated to producing pharmaceutical merchandise with psilocybin – the psychoactive (and nonetheless broadly unlawful) substance that happens naturally in sure mushrooms – as a core ingredient.

The firm is being shaped via a merger of Mr. Gertner’s most up-to-date enterprise – CannaGlobal – with Sansero Life Sciences and Rise Wellness. Sansero co-founder Steve Sadoff will function CEO of the brand new entity, which is able to quickly be referred to as ‘CannaGlobal Wellness’ till a third-party branding agency determines a everlasting identify.

Armed with a mixed valuation of C$25-million, Mr. Sadoff mentioned a lot of the brand new firm’s money assets will probably be dedicated to a multimillion-dollar years-long pharmaceutical growth program.

Full report. https://www.forbes.com/sites/jamesonberkow/2020/07/06/the-godfather-of-canadian-cannabis-is-launching-a-psilocybin-startup/#7ae78ed9ea6a

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