HYTN Innovations Acquires Prism Labs To Boost Psychedelic Drug Manufacturing Capabilities
Portfolio Pulse from Juan Spínelli
HYTN Innovations Inc (CSE:HYTN) has acquired Prism Scientific Labs Inc to enhance its psychedelic drug manufacturing capabilities. The acquisition includes exclusive access to Prism's intellectual property and specialized equipment, aimed at increasing the yield and potency of psilocybin-containing mushrooms. HYTN issued 12,100,100 common shares to former Prism shareholders as part of the deal. The integration is expected to advance HYTN's development of psychoactive compounds for clinical applications.

July 22, 2024 | 3:53 pm
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HYTN Innovations Inc has acquired Prism Scientific Labs to enhance its psychedelic drug manufacturing capabilities. The acquisition includes exclusive access to Prism's intellectual property and specialized equipment, aimed at increasing the yield and potency of psilocybin-containing mushrooms. This move is expected to significantly advance HYTN's development of psychoactive compounds for clinical applications.
The acquisition of Prism Scientific Labs by HYTN Innovations Inc is a strategic move to enhance its manufacturing capabilities in the psychedelic drug market. The exclusive access to Prism's intellectual property and specialized equipment is expected to increase the yield and potency of psilocybin-containing mushrooms, which is crucial for the development of psychoactive compounds. This integration is likely to advance HYTN's position in the market, making it a leading supplier in federally regulated markets.
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