Tripping on Psychedelic Stocks - How Canadian market became a hotbed for psychedelic firms?

1 min read | October 23, 2020 03:32 AM EDT | By Team Kalkine Media

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After pot stocks, a new crop of psychedelic firms is fast debuting in the Canadian stock markets. Experts claim, these ‘Magic Shrooms’ will be the answer for US$ 16-trillion global mental health market.

Canadian markets have become a hotbed for growth-stage psychedelic firms, raising nearly US$ 150 million in the first half of 2020, as per Toronto-based NEO Exchange.

Some of the psychedelic stocks currently trading are MindMeld, Revive Therapeutics, New Wave Holdings, Numinus Wellness, etc.

With evolving laws and changing consumer behavior towards alternative therapies and medicines, psychedelic stocks are under the spotlight.

It’s time we geared up for a psychedelic trip on the Canadian markets.

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