The Psychedelic space is on fire right now!

The cannabis space has been one of the hottest areas for investors in 2021. The ETFMG Alternative Harvest ETF (MJ) is up 78% this year as expectations for growth have investors flocking into the space in droves. Perception around the cannabis industry has changed as the medicinal benefits, particularly for mental health, have surpassed questions over the ‘moral’ recreational hang ups. This change in perception around prior illegal narcotics was evident on February 3 when Jazz Pharmaceuticals (JAZZ) agreed to acquire G.W. Pharmaceutical (GWPH) at a 50% premium. JAZZ paid up for the name as GWPH’s FDA-approved cannabinoid platform was expected to expand and diversify JAZZ’s neuroscience platform.

This groundbreaking development has set off a frenzy for investors to find the next breakout star in the medicinal space. The cannabis space rallied to a level that makes it difficult to digest. However, there is another space that can be the next big thing for investors, the PSYCHEDELIC space!

 

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The psychedelic space has started to raise the interest of Venture Capital firms as an area with tremendous upside. Billionaire investor Peter Theil, who made his name as the ‘Don’ of the ‘PayPal Mafia’, is a 7% investor in the first publicly traded Psychedelic company, Compass Pathways (CMPS). The company is doing work on psilocybin, an ingredient in magic mushrooms, which is being used in early-stage treatments of depression and anxiety. In addition to the investment arena, public perception around psychedelics is also changing as certain drugs have been decriminalized in a handful of U.S. cities and one state.

 

The  psychedelic company that we would like to bring to your attention  is a Canadian-based over-the-counter company that is delving into the psilocybin space. It has engaged Donahue Advisory Associates in connection with efforts to seek a listing for its common shares on the “NASDAQ”. This would only provide higher increased investor awareness and, in our opinion, nothing but potential upside in the near term future. In a world flush with liquidity and investors in search of high yielding companies, this is a name that can provide opportunity to investors in a ever increasingly hot space.

Click here to review and be a part of this exciting opportunity that you do not want to miss out on!

Regards,
Hot Stocks Review

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