Welcome to the Cannabis Countdown. In This Week’s Edition, We Recap and Countdown the Top 10 Marijuana and Psychedelic Stock News Stories for the Week of August 24th – 30th, 2020.
Without further ado, let’s get started.
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10. How and Why Psychedelics Created the Silicon Valley Phenomenon
Psychedelics Came About as a Result of the Counterculture Influence of LSD That Began in the Late 1960s
Legendary computer scientists and developers who built the computer industry were devotees of LSD, including the founders of current-day tech giants Microsoft Corporation MSFT and Apple Inc. AAPL, Bill Gates and the late Steve Jobs.
READ FULL SILICON VALLEY ARTICLE
9. Champignon Brands’ CRTCE Clinic to Begin Offering Esketamine Treatment for Adults with MDD
The Company Also Provided an Update on Continuous Disclosure Review and Interim Financial Statements
Champignon Brands SHRMF announced that the company has expanded its rapid-onset treatment service to include Major Depressive Disorder (MDD). Champignon’s flagship clinic, the Canadian Rapid Treatment Centre of Excellence (CRTCE), will now offer Esketamine treatment for adults with MDD.
READ FULL CHAMPIGNON BRANDS ARTICLE
8. 2 Cannabis Stocks Producing an Actual Operating Profit
Nothing Boosts Marijuana Investors’ Confidence More Than the Ability to Make Money
Two Cannabis Stocks, Green Thumb GTBIF and Village Farms VFF are receiving a lot of attention for their ability to do just that. The former’s profitability has been soaring while the latter is just on the verge of breaking even. Let’s take a look at why their stocks are enticing opportunities.
READ FULL OPERATING PROFIT ARTICLE
7. Medical Cannabis Company Trulieve to Unveil New Milestone for its Market: THC Edibles
To Prepare for the Rollout, Trulieve Has Built a Commercial-Grade Kitchen at its Production Facility in Quincy Florida
Pending approval from the state’s health department, Florida‘s largest medical Cannabis company Trulieve TCNNF is expanding its product line with a notable introduction—THC Edibles.
6. MindMed Announces First-Ever Clinical Trial Combining MDMA and LSD
MindMed is Funding a Phase 1 Clinical Trial at University Hospital Basel Liechti Lab
MindMed MMEDF, the leading neuro-pharmaceutical company for Psychedelic inspired medicines and the University Hospital Basel’s Liechti Lab are now combining MDMA and LSD in a groundbreaking Phase 1 clinical trial. The Phase 1 MDMA-LSD trial is scheduled to start in Q4 of this year in Basel, Switzerland.
5. Top Marijuana Stock To Expand In Canada’s Biggest Retail Market
Canopy Growth, Which is the Biggest Pot Stock By Market Cap, Said it Would Open Both its Tweed and Tokyo Smoke Shops in the Province, With Most Appearing in Calgary
Canopy Growth CGC on Friday said it would open 10 physical retail locations next week in Alberta, the first of its stores to appear in a province that already has far more pot shops than any other.
READ FULL CANOPY GROWTH ARTICLE
Revive to Also Explore FDA Expanded Access Program (Compassionate Use) for Bucillamine in COVID-19
Revive Therapeutics RVVTF announced that following the U.S. Food and Drug Administration (FDA) approval to proceed with the company’s Phase 3 clinical trial to evaluate the safety and efficacy of Bucillamine in patients with mild-moderate COVID-19, the company has submitted its clinical trial protocol for independent Institutional Review Board (IRB) approval.
3. Barbarians at the Gate: Institutions are Buying U.S. Cannabis Stocks
Money Managers Are Taking Positions in Cannabis Stocks Ahead of Elections
Wasatch Advisors Inc., the Utah-based asset manager, is now the second-largest holder of Cresco Labs CRLBF and an investor in Green Thumb GTBIF, both Chicago-based MSOs, while Fidelity Investments is an investor in Curaleaf CURLF, the Wakefield, Massachusetts-based MSO. An industry insider recently confirmed to me that, “big institutional investors are buying big slugs, quietly.”
READ FULL U.S. CANNABIS STOCKS ARTICLE
2. Psychedelic Drugs Eye Long Trip To Legalization But This U.S. IPO Won’t Wait
Psychedelic Startups, Backed By Investors Dangling Money and Stock Listings, Are Jumping in and As They Do, They’re Also Bringing Capitalism’s Competitive Drive to Substances Rooted in Cultures That Often Avoided it
On Friday, London-based Compass Pathways, which is backed by PayPal Holdings Inc PYPL and Palantir co-founder Peter Thiel, filed for a U.S. IPO to trade on the NASDAQ under the ticker CMPS. It plans to use proceeds to research a depression therapy that uses Psilocybin, the psychoactive compound found in “Magic Mushrooms.”
READ FULL COMPASS PATHWAYS ARTICLE
1. Two of the Largest Pot Producers Are Rumored to Be Merging
Rumours of a Merger Between Two of the Largest U.S. MSOs Have Wafted for Weeks
A combination of Green Thumb GTBIF and Trulieve TCNNF would create a multi-state operator (MSO) that would rival the biggest licensed seller in the country, and the world: Curaleaf CURLF.
Photo by Esteban Lopez on Unsplash
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