The PsyIndex fell 2.17% last week in a relatively quiet week. With several companies planning to list in the near-term, investors could see things start to heat up over the coming weeks.
Market Performance
Weekly Performance: $83.84 (-2.17%)
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Corporate News, Deals & Listings
- PharmaDrug Inc. entered into a share exchange agreement with Red Light Holland Corp. to collaborate on strategic initiatives, such as improving medical conditions or improving mental performance.
- Mydecine Innovations Group Inc. signed a definitive agreement to acquire NeuroPharm Inc., a Canadian-based developer of natural psychedelic-based treatments for mental health disorders in Canadian and United States veteran communities.
Previously Announced Upcoming Listings
- Field Trip Psychedelics Inc. announced a letter of intent with Newton Energy Corporation (TSX.V: NTN.H). In addition, the company plans to complete a brokered private placement of common shares at a price of $2.00 per common share for gross proceeds of between $14 million and $15 million.
- Silo Wellness Inc. announced a proposed reverse takeover with Yukoterre Resources Inc. (CSE: YT). In connection with the transaction, the company will complete a private placement for gross proceeds of approximately $2.5 million.
- Entheon Biomedical Corp. announced a definitive amalgamation agreement with MPV Exploration Inc. to list on the CSE. In conjunction, it will complete a non-brokered private placement of subscription receipts to raise C$2 million in working capital.
- Havn Life Sciences announced the launch and filing of its preliminary prospectus.
- Novamind Ventures Inc. signed a letter of intent with Hinterland Metals Inc. and undertook a $3 million non-brokered private placement to go public on the Canadian Securities Exchange (CSE).
- Mindset Pharma Inc. signed a letter of intent with North Sur Resources Inc. and aims to raise $1 million in a private placement to go public on the Canadian Securities Exchange (CSE).
Industry Developments
- A Congressman withdrew an attempt to derail a psychedelics ballot initiative in Washington D.C., which recently collected enough signatures to appear in November. via High Times.
