As the promise of psychedelic investments expands in North America, Australian investors are getting a tease on what could be coming down the line.

Last Friday (June 19), market participants were treated to presentations from three participants in the quickly growing psychedelic drug industry. The event was hosted by Melbourne-based investment and portfolio management firm Peak Asset Management.

The online presenters included: Peter Hunt, chairman of Mind Medicine Australia; Jonathan Gilbert, CEO and director of Eleusian Biosciences; and Steve McAuly, chairman and CEO of Empower Clinics (CSE:CBDT,OTCQB:EPWCF).

Fear and Debt Push Gold to New Heights in 2020. What's coming in 2021?

Precious Metals Outlook INNvestor Report Download today!

Gilbert started by breaking down his heavy involvement in the alternative drug market, telling the audience that Eleusian isn’t his first foray into psychedelics.

Before his latest venture, Gilbert was involved as CEO of Tassili Life Sciences, a psychedelics research firm. Tassili went on to be acquired by Champignon Brands (CSE:SHRM,OTCQB:SHRMF) earlier this year.

Similar to Gilbert’s former venture, Eleusian is a research-focused operation investigating the medical benefits of psychedelic compounds. But unlike Tassili, Eleusian will become a public entity by way of an all-hands acquisition deal with GreenStar Biosciences (CSE:GSTR,OTC Pink:GTSIF).

When asked about the potential for a listing in the Australian markets, Gilbert said it would be worth exploring in the future, although he didn’t confirm an official announcement.

From an advocacy perspective, Hunt spoke at length about the current opportunity attached to the medical use of psychedelics in Australia as an alternative to treat various mental health conditions.

As per official data shown by Hunt, one in five Australian adults deals with a chronic mental illness, or about 4.8 million people. Based on a draft report by the Australian Productivity Commission, the total cost of mental illness and suicides to the Australian economy in 2019 was an estimated AU$180 billion.

Mind Medicine Australia, which has no relation to Mind Medicine (MindMed) (NEO:MMED), a public Canadian firm bearing the same name, is a non-profit group seeking to advance the conversation on psychedelics as a viable medicine alternative for patients.

Hunt said while there is currently no university-sanctioned research being done in the country around psychedelic compounds, such as psilocybin and MDMA, Mind Medicine Australia hopes to announce a critical partnership in the near future.

As the last presenter of the session, McAuly broke down how his firm has focused on an expansion into psychedelics; the firm primarily operates as a cannabidiol (CBD) product manufacturer in the US.

Empower Clinics manages a network of health and wellness clinics in the US, offering an array of products and services. Earlier in 2020, the firm launched a venture into psychedelics dubbed Dosed Wellness. The move followed a partial rights stake purchase for the independent documentary film DOSED, which follows the recovery path of a woman using mushroom medicine.

Investor takeaway

As Hunt indicated, the Australian market is in the very early stages in terms of availability and acceptance of psychedelic investments. However, it’s unquestionable that this investment trend is starting to expand across the globe.

Don’t forget to follow us @INN_Australia for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.


Silver Outlook 2021

Silver Price Outlook, Top Stocks and More! Download today!

 Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) announces that Philip Young, CEO and Director, and Maghsoud Dariani, Chief Science Officer will be presenting on Thursday, February 25th, 2021 at 5:45 pm EST at “The Gold Standard in Psychedelic Investment, Psychedelic Capital Virtual Investment Conference”, a platform showcasing the top companies, latest IPOs, newest opportunities, and deepest industry insights.

As a presenting sponsor, the Company will connect directly with some of the earliest moving investors in the psychedelic industry and reach an audience of 2,000+ investors. Presentations are 30 minutes in length, with 10 minutes allocated to a one-on-one Q&A session with the audience.

Keep reading... Show less

As Canadian operators race to strengthen their positions in the cannabis landscape, are international pursuits outside North America still top of mind?

The role that mergers and acquisitions (M&A) have played in the expansion of Canadian companies across the globe has been monumental for the growth of the cannabis industry. Now the space has reached a critical point as the demands of the US market increase.

Keep reading... Show less

It’s been just over a year since recreational cannabis was legalised in the Australian Capital Territory (ACT), home to the nation’s capital city of Canberra.

Announced on September 25, 2019, and brought into effect on January 31, 2020, the rules make it legal to possess and personally use small amounts of cannabis.

Keep reading... Show less

Pac Roots Cannabis Corp. (CSE: PACR) (“PacRoots” or the “Company”), announces the closing of its previously announced non-brokered private placement (see press release dated January 25, 2021).

Aggregate gross proceeds of $1,340,685.90 were raised through the issuance of 7,448,255 units (each a “Unit”). Each Unit consists of one common shares and one share purchase warrant. Each warrant is exercisable at a price of $0.30 per share until February 23, 2024.

Keep reading... Show less

 Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTC: TCNNF), a leading and top-performing cannabis company in the United States will release its fourth quarter 2020 financial results on Tuesday, March 23, 2021 before markets open. Following the earnings release, management will host a conference call at 8:30 AM Eastern Time to review the financial results.

All interested parties can join the conference call by dialing 1-888-231-8191 or 1-647-427-7450, conference ID: 7066881. Please dial in 15 minutes prior to the call to secure a line. The conference call will be archived for replay until March 30, 2021 . To access the archived conference call, please dial 1-855-859-2056 and enter the encore code 7066881.

Keep reading... Show less