From the easing of regulations to the reporting of positive clinical trial data, the psychedelic sector is a rapidly evolving industry that is starting to show serious signs of legitimacy.
We believe the biggest potential catalyst for the psychedelic sector would be the reporting of positive data from Phase 3 FDA clinical trials. Although this is one of the most exciting aspects of the psychedelic sector, the industry is comprised of variety of burgeoning verticals and we have been focused on identifying potential industry leaders.
PULL Is One To Be Watching
We believe that Pure Extracts Technologies Corp. (CSE: PULL) (XFRA: A2QJAJ) (OTC: PRXTF) represents a differentiated opportunity and are favorable on the leverage that it has to both the cannabis and the psychedelic industry.
Last week, the Company reported a major milestone and saying it has delineated the timetable and milestones for its study with the Toronto Institute of Pharmaceutical Technology (TIPT). The study will focus on formulating, manufacturing, and clinical bioavailability testing of rapid onset psilocybin dosage forms and we are bullish on the potential that is associated with it.
The study will conform to both Canadian Good Manufacturing Practice (GMP) and Good Clinical Practice (GCP) standards. If successful, the psilocybin dosage forms could be used in future efficacy clinical trials by both Pure Extracts and its pharmaceutical customers. We believe the study and the relationship with TIPT are attractive pillars of the Pure Extracts’ story and will monitor how it advances from here.
During the last month, Pure Extracts has reported a number of important developments and is an opportunity to be aware. From the addition of strategic human capital to the strengthening of the balance sheet, we believe the story has recorded impressive advancements and consider Pure Extracts to be an underappreciated opportunity at current levels.
Numinus Has Really Hit Its Stride Over The Past Month
The last month has been volatile for Numinus Wellness Inc. (TSXV: NUMI) (OTC: LKYSF) and this is an operator that we have been following since inception. The company is focused on creating an ecosystem of health solutions that are centered around developing and supporting the use of psychedelic-assisted psychotherapies (PAP).
Last week, health and wellness company reported to have entered into a lab services agreement with Optimi Health Corporation to conduct additional research on the development of psilocybin-producing mushrooms that are grown in Canada. We consider Optimi to be a strategic partner and are favorable on the expertise that it brings to the relationship
Optimi is a vertically integrated functional mushroom brand that is focused on the health and wellness sector. According to the agreement, Optimi will utilize and leverage Numinus’ laboratories, equipment, services and expertise, to develop products for the emerging psychedelic industry. Optimi has applied for a research exemption with Health Canada that would allow for it to conduct activities involving psychedelic compounds. Once the exemption is granted, the companies plan to work on projects with Numinus that are related to psychedelic compounds and formulations.
During the last year, we have seen a significant increase in the amount of demand for natural products that optimize mental health and performance. Numinus’ state-of-the art laboratory and expertise will play a key role in the development of effective all-natural products and will monitor how the relationship advances from here.
Under the terms of the agreement, Optimi will pay an initial retainer to Numinus for services that will be determined and replenished on a project-by-project basis. The agreement represents a milestone for Numinus since it will be the first opportunities for it to generate revenue from independent parties and we expect to see Numinus to enter into additional agreements in the near future.
If you are interested in learning more about the advancement of the psychedelic sector, please send an email to firstname.lastname@example.org with the subject “Psychedelic Sector” to be added to our distribution list.
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