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The PsyIndex rose 2.89% final week after a decline relationship again from mid-August confirmed indicators of reversal throughout Friday’s session. The transfer larger on Friday adopted COMPASS Pathways Inc.’s (CMPS) debut on the NASDAQ the place shares surged 70%+ and created a $1 billion market capitalization

 

 

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Corporate News, Deals & Listings

  • Mydecine Innovations Group created a particular committee to guage a variety of choices to extend shareholder worth, together with a possible spin out of U.S.-related belongings. through CannabisFN
     
  • New Wave Holdings appointed Daniel Fox as CEO and Diego Gianelli as Director. Mr. Fox has a various vary of expertise throughout industries, together with the alcoholic beverage and hashish. through CannabisFN
     
  • COMPASS Pathways introduced the pricing of its upsized IPO within the U.S. of seven.5 million ADRs at $17.00 per share for gross proceeds of $127.5 million, making it among the many largest listings. through CannabisFN
     
  • Mind Cure Health introduced the shut of its beforehand introduced public providing of widespread shares. through CannabisFN

Featured Content

Pure Extract Technologies Inc. (CSE: PULL) (itemizing pending) is already in an important place inside the hashish trade. With falling enter costs and rising demand for extracts, the Company will be capable of purchase uncooked supplies at spot pricing and convert it into high-value extract-based merchandise. The Company’s entrance into the useful mushrooms and psilocybin area might create monumental worth.

Previously Announced Upcoming Listings

  • Field Trip Psychedelics Inc. introduced a letter of intent with Newton Energy Corporation (TSX.V: NTN.H). In addition, the corporate plans to finish a brokered personal placement of widespread shares at a worth of $2.00 per widespread share for gross proceeds of between $14 million and $15 million.
     
  • Silo Wellness Inc. introduced a proposed reverse takeover with Yukoterre Resources Inc. (CSE: YT). In reference to the transaction, the corporate will full a personal placement for gross proceeds of roughly $2.5 million.
     
  • Entheon Biomedical Corp. introduced a definitive amalgamation agreement with MPV Exploration Inc. to listing on the CSE. In conjunction, it should full a non-brokered personal placement of subscription receipts to lift C$2 million in working capital.
     
  • Novamind Ventures Inc. signed a letter of intent with Hinterland Metals Inc. and undertook a $three million non-brokered personal placement to go public on the Canadian Securities Exchange (CSE).
     
  • Mindset Pharma Inc. signed a letter of intent with North Sur Resources Inc. and goals to lift $1 million in a personal placement to go public on the Canadian Securities Exchange (CSE).
     
  • Magical Brands Corp. up to date its plans to listing on the TSX Venture change by way of its three-cornered amalgamation with Good2Go Corp. (TSXV: GOTO.P).

Industry Developments

  • Leaders within the psychedelics area joined to create the worldwide Psychedelic Medicine Association (PMA), which goals to bridge the hole between the medical institution, sufferers and the trade. through HealthEuropa
     
  • UC Berkeley launched a psychedelic analysis middle by way of nameless funding sources, making a second main establishment following Johns Hopkins transfer to do the identical. viaa Interesting Engineering
     
  • Rolling Stone takes a take a look at how 9/20 grew to become the vacation for psychedelic mushrooms, just like 4/20 within the hashish trade. through Rolling Stone

 

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