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Portfolio Pulse from Benzinga Cannabis
Richard Nanula, CEO of Lucy Scientific (NASDAQ:LSDI), discusses his career and the company's focus on the psychedelic industry. Lucy Scientific has diversified its portfolio, acquiring drug developer Wesana Health Holdings (OTC:WSNAF) and partnering with High Times. Nanula emphasizes adaptability and readiness to confront new business frontiers.
June 05, 2023 | 9:59 pm
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Lucy Scientific, led by CEO Richard Nanula, is focusing on the psychedelic industry, acquiring drug developer Wesana Health Holdings and partnering with High Times.
Lucy Scientific's acquisition of Wesana Health Holdings and partnership with High Times show the company's commitment to expanding its presence in the psychedelic industry. This diversification and adaptability could positively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Wesana Health Holdings (OTC:WSNAF) has been acquired by Lucy Scientific, a company focusing on the psychedelic industry.
Wesana Health Holdings' acquisition by Lucy Scientific could positively impact its stock price in the short term, as it expands the company's presence in the growing psychedelic industry and benefits from Lucy Scientific's strategic partnerships.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80