VANCOUVER, BC, March 26, 2021 /PRNewswire/ — USA News Group – Expanding way beyond just hunting for the perfect truffle, rising interest in the “megascience” of mycology is creating gains across the health and wellness sector, with a wave of new products to help us under development. Now with the potential addition of new products containing the psychedelic ingredient of psilocybin “magic” mushrooms, many are calling the flood of investment into mushroom-related stocks and its new products that come with it, a “shroom boom“. Now several companies are making rapid progress both with lawmakers, and with their own research to move closer to bringing more products (both psychedelic and non-psychedelic) to market, including Pure Extracts Technologies Corp. (OTCPK: PRXTF) (CSE: PULL), Psyched Wellness Ltd. (OTCQB: PSYCF) (CSE: PSYC), Cybin Inc. (OTCQB: CLXPF) (NEO: CYBN), Red Light Holland Corp. (OTCPK: TRUFF) (CSE: TRIP) and Mydecine Innovations Group (OTCPK: MYCOF) (CSE: MYCO).
Abrupt changes to the societal landscape in 2020, including geopolitical unrest and seemingly endless waves of health-related lockdowns have caused a historic rise in mental health issues. The crisis has spurred on a need for new solutions for mental health needs, including what some are seeing as a breakthrough involving psychedelics.
Analyst Simeon Schnapper and his JLS Fund have invested US$10 million in 12 psychedelics companies, and is currently raising another US$50 million. According…
