Psyched: Three Noteworthy Psychedelics M&As, Colorado's Regulations, Exclusive Financing & More
Portfolio Pulse from Lara Goldstein
Several mergers and acquisitions have been announced in the psychedelics sector. Cybin (NYSE:CYBN) is acquiring Small Pharma (OTC:DMTTF), Silo Wellness (OTC:SILFF) is buying NUGL Inc./Kaya Group (OTC:NUGL), and Mindset Pharma (OTC:MSSTF) is being acquired by Otsuka America Inc., part of Otsuka Holdings (OTC:OTSKF). Additionally, Psyched Wellness (OTC:PSYCF) is set to receive $7.5M in financing. The AdvisorShares Psychedelics ETF (NYSE:PSIL) has seen a slight increase in its share price.
September 05, 2023 | 2:08 pm
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POSITIVE IMPACT
Cybin's acquisition of Small Pharma could potentially boost its position in the market for DMT therapeutics for depression and anxiety.
Acquisitions often lead to a short-term increase in the acquiring company's stock price due to the potential for increased market share and revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Mindset Pharma's acquisition by Otsuka America Inc. could potentially provide it with additional resources and support.
Acquisitions often lead to a short-term increase in the target company's stock price due to the potential for increased resources and support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The AdvisorShares Psychedelics ETF has seen a slight increase in its share price, potentially due to the recent activity in the psychedelics sector.
ETFs often see a short-term increase in their share price due to activity in the sectors they track.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Psyched Wellness's $7.5M financing deal could potentially provide it with the capital needed to expand its operations.
Financing deals often lead to a short-term increase in the company's stock price due to the potential for increased capital for expansion.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Silo Wellness's acquisition of NUGL Inc./Kaya Group could potentially expand its business operations.
Acquisitions often lead to a short-term increase in the acquiring company's stock price due to the potential for increased market share and revenue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100