Our understanding of the seriousness of psychiatric disorders like depression and PTSD has grown a lot in recent years, and with it, the urgency for innovative and effective treatments. While cannabis legalization has brought shareholders big profits from recreational buyers in the pot space, it’s the pharmaceutical industry itself that will initially be bringing revenues to the psychedelic sector. It had been flat for months. Will CSPR token soar or Ethereum win? Numinus supports access to psychedelic-assisted psychotherapy through Ketamine-Assisted Psychotherapy, Special Access & compassionate access trials. Psychedelic medicine became a major center of attention in the investing world after famed Silicon Valley billionaire investor and PayPal co-founder Peter Thiel led an $80 million round of funding for psychedelic-focused biotech company COMPASS Pathways plc (NASDAQ:CMPS). The author is wholly responsible for the validity of the statements. As the FDA begins to approve psychedelic medicines for mainstream use, this is where big money can be generated by the early birds in the psychedelic race. This website is a news website only. Mydecine is one of the few companies in the world with access to a full Health Canada Schedule 1 Controlled Drugs and Substances Dealer’s Licence. DISCLOSURE: The writer holds shares in MindMed Inc, Numinus Wellness, Cybin Inc and Mind Cure Health. This Article is not a solicitation for investment. VANCOUVER, BC, Sept. 10, 2020 /CNW/ - Numinus Wellness Inc. ("Numinus" or the "Company") (TSXV: NUMI), is pleased to announce that it has closed its previously announced short form prospectus offering, on a best efforts basis, including the exercise of the agent's option in its entirety in the form of units of the Company (each, a "Unit"). October 7, 2020 (MicroSmallCap via Comtex) — Depression, anxiety, post-traumatic stress disorder (PTSD), and other mental illnesses have been prevalent in the US for quite some time, but the coronavirus pandemic has triggered a full-blown mental health crisis. Compass itself is up 128% since it began trading. The health crisis has resulted in over one million deaths to date, but another emerging consequence of the global pandemic is affecting a much larger demographic. Numinus Wellness Inc. (LKYSF) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. 4) The Article does not constitute investment advice. But perhaps most exciting of all, in September 2020, the company initiated a $100 million initial public offering on NASDAQ, making it the first ever psychedelics company to list on a major US exchange. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. Over the past year, MindMed has begun clinical trials for six psychedelic-based treatments, with some already having advanced to Phase 2b. A recent study that screened 402 adult survivors of COVID-19 found that 55% presented a clinical score for at least one mental disorder, including anxiety (42%), insomnia (40%), depression (31%), PTSD (28%), and OCD (20%). Wall Street analysts bullish on Google share price ahead of Q1 earnings. that the company had successfully completed the required fed-fasting and dose proportionality tests for its treatment for post-traumatic stress disorder and fibromyalgia. Numinus hopes to be ready to supply the clinics with their medicinal mushrooms when the opportunity arises. To watch various medicinal treatments for thousands of years long term some having. 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