Numinus could also develop and licence proprietary IP for further product development. As more patients turn to options that allow them to access mental health services from their own homes, the global telehealth services market is projected to grow to more than $185 billion by 2026. Will they meet Wall Street analyst expectations or disappoint like Netflix. Will the atai IPO spark an even bigger rally? Mind Cure Health is a client of Psychedelic Stock Watch. FAANG stocks are under pressure to perform. Numinus Wellness Inc. (LKYSF) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. Mydecine Innovations Group Inc. (CSE:MYCO) (OTC:MYCOF) is at the forefront of this development. But perhaps most exciting of all, in September 2020, the company initiated a $100 million initial public offering on NASDAQ, making it the first ever psychedelics company to list on a major US exchange. Companies like. Numinus is a Canadian-based mental health and wellness company focused on providing safe, ... With its recent IPO, investors have a great opportunity to … It uses psychedelic assisted psychotherapy in an attempt to ease treatment-resistant depression. They have medicinal qualities that could help solve the world’s severe problem with depression and other mental health concerns, such as post-traumatic-stress-disorder (PTSD). It’s already been granted a licence by Health Canada to cultivate, extract, and sell “ naturally sourced, sustainable psilocybin ”, otherwise known as hallucinogenic magic mushrooms. Natural substances growing on our planet will always have a preferential place in society, particularly as health and wellbeing from a natural perspective, is increasingly being touted as a preferable alternative to the technological advancements of our modern world. Decades ago scientists were even recognising the potential of psychedelics such as LSD, MDMA and psilocybin, to treat alcoholism and other mental health conditions. Compass Pathways (US:CMPS) kicked off the party with its long-anticipated IPO on September 18th. However, my top pick in th is industry is a well-funded Toronto-listed company named Numinus Wellness (LKYSF). Numinus Wellness Inc. All investments can fall as well as rise in value so you could lose some or all of your investment. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Numinus Wellness Inc. (TSXV:NUMI), a company creating an ecosystem of solutions centred on the research, development, and delivery of safe, … You should take independent financial advice from a regulated FCA advisor in connection with, or independently research and verify any information that you find on this site, and wish to rely on whether for the purpose of making an investment decision or otherwise. are also working on solutions to combat the problem. NUMI also had a previous spike, soaring to CAD$1.55 on its IPO day, May 20th. Rewards. Numinus Wellness operates a stand-alone centre offering patients integrative health solutions to help heal, connect and grow. are at the forefront of research and development that could make these disorders more easily manageable and treatable. That legitimacy is being built on the back ... Investments continued flowing into the psychedelic medicine sector this year and will likely continue in 2021 as mental illness cases rise across the globe. 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