EXCLUSIVE: Enveric Offers Investors Rare Exposure To Both Cannabis And Psychedelic Industries

There were more than 30 different companies in the psychedelic space present at the inaugural Benzinga Psychedelics Capital Conference on Tuesday. But, Enveric is one of the only ones that offer investors exposure to both the psychedelic and cannabis space. Enveric Biosciences Inc ENVB is a biotech company headquartered in Naples, Florida.

Dr. Joseph Tucker, CEO of Enveric, spoke at the conference about the company’s unique approach to drug discovery and development. 

Last October, Enveric announced its “psybrary,” a library of psychedelic molecules that have the potential to treat a number of different diagnoses, including cancer-related illnesses. 

“Because we have so many of these molecules, it would take us too much time to go through all of them,” Tucker said. “We’ve had to bring in AI.” 

Its PsyAI technology combs through millions of molecules to find the ones that have the most potential. 

In addition to Enveric’s psychedelic compounds, the company has developed its own CBD molecule that targets the effects of chemotherapy. Phase 1 trials are set to begin for the CBD molecule in 2022.

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Posted In: BiotechCannabisNewsPenny StocksPsychedelicsExclusivesMarketsGeneralBenzinga Psychedelics Capital ConferenceDr. Joseph TuckerPCCPCC22
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The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!