Streetbeat News

PSYCF

Psyched Wellness Ltd

http://www.duncanpark.com/

Industry

Pharmaceutical Preparation Manufacturing

Open

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Mkt cap

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Volume

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High

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P/E Ratio

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52-wk high

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Low

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Div yield

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52-wk low

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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.

Portfolio Pulse from Lara Goldstein

September 05, 2023 | 2:08 pm

Psyched Wellness, a life sciences company focused on wellness products derived from the Amanita Muscaria mushroom, has secured a capital infusion of up to $7.52 million from cannabis investment firm Gotham Green Fund III. The investment will be used to facilitate the nationwide rollout of products centered around Psyched Wellness's proprietary extract, AME-1. The agreement also provides Gotham Green with the right to nominate board members.

Portfolio Pulse from Javier Hasse

September 01, 2023 | 4:19 pm

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