PsyIndex Weekly Update January 18, 2021 – January 22, 2021

The PsyIndex rose more than 14% last week as the sector moved broadly higher. With the world’s first psychedelics-focused ETF set to begin trading this week, the market could see increased interest over the coming weeks.

 

 

Top Gainers

Top Decliners

 

Corporate News, Deals & Listings

  • Horizons ETFs Management Inc. announced the launch of the world’s first psychedelics focused ETF. Press Release
     
  • Psyence Group Inc. completed a reverse takeover transaction and completed its non-brokered financing. Press Release
     
  • Psyched Wellness Ltd. (CSE: PSYC) (OTCQB: PSYCF) announced a new OTCQB ticker symbol. Press Release

    The company also submitted an application to register a trademark for the company’s unique extraction technology. Press Release
     
  • Revive Therapeutics Ltd. (CSE: RVV) announced an upsizing of its previously announced bought deal financing. Press Release
     
  • Delic Holdings Inc. (CSE: DELC) announced a new OTCQB listing and DTC eligibility. Press Release
     
  • Pure Extracts Technologies Corp. (CSE: PULL) recently closed an upsized $8.5 million offering with strong retail demand. Press Release
     
  • Mind Cure Health Inc. (CSE: MCUR) announced an increase to previously announced bought deal public offering. Press Release

Read More

Featured Content

 

MagicMed: Bringing the Drug Candidate Library Model to Psychdelics

One key to bringing new drugs to market resides in the genesis of drug discovery and development of novel molecules. Capturing a substantial portion of the big pharma market potential is the goal of MagicMed Industries Inc. (CSE: MGIC reserved), which is bringing the practice of creating a library of molecular derivatives to the psychedelics sector.

Delic Looks to Build a Sprawling ‘Psychedelic Ecosystem’

Delic Corp. (CSE: DELC) (OTCQB: DELCF) was founded by former High Times executives to cultivate these companies through a combination of awareness and capital. With three existing platforms reaching over 300,000 people per month, the company is already making inroads and educating the public while planning a flagship in-person event for 2021.

 

Industry Developments

How to benefit from psychedelics without even taking them. via Psychology Today

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