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Another Psychedelics Company Joins Exclusive Nasdaq Group With Enveric s Acquisition Of MagicMed Industries

MagicMed Industries in an all-stock deal. What Happened It s been in the works for a little while, Dr. Joseph Tucker, CEO and president of MagicMed, told Benzinga. According to Tucker, listing on the Nasdaq provides companies with an attractive opportunity for raising capital. It s a really exclusive group listed on the Nasdaq, and that access to capital is going to be a game-changer for everybody, Tucker said. Upon closing the acquisition, Tucker will become CEO at the new company and David Johnson, current CEO and chairman, will become executive chairman. Why It Matters – ‘Like Two Halves Of One Company’ MagicMed Industries is researching second-generation psychedelic molecules with the aim of developing medicine for various mental health conditions. It is currently studying novel molecules derived from psilocybin,

MagicMed: The Psychedelics Patent Debate

.  “The risk of going through those processes as required by law is extremely high. And if there’s no way for investors to recover their investment, then they won’t fund it. And then these drugs, which might be lifesaving drugs, will never get approved and society will never benefit from them. So there’s a value to patents,” says Dr. Joseph Tucker, CEO of MagicMed, a company developing second-generation psychedelics. The article explains that If a company obtains several strong and important patents, it can leverage them to prevent competition. However, many of the molecules being researched today in the psychedelics space either exist in nature or are old enough to be public domain.

Higher tech: Pittsburgh s Cognistx using AI to identify psychedelic drugs to treat depression, anxiety and PTSD

Higher tech: Pittsburgh’s Cognistx using AI to identify psychedelic drugs to treat depression, anxiety and PTSD It could be a trip worth taking the final frontier for psychiatry may actually be psychedelics. Maligned for decades as dangerous, illegal substances, psychedelic drugs such as psilocybin (“magic mushrooms”) LSD and mescaline are being studied as potential game-changers for alleviating treatment-resistant psychiatric problems, ranging from anxiety and depression to post-traumatic stress disorder. Cognistx, a Carnegie Mellon University spinoff based in Downtown Pittsburgh, is working with the Canadian biotech firm MagicMed to develop PsyAI, an artificial intelligence platform to streamline pharmaceutical research and accelerate the modernization of psychedelic medicine.

NA Proactive news snapshot: Weekend Unlimited Inc aka Potent Ventures Inc, CytoDyn Inc, PlantX Life Inc, PyroGenesis Canada Inc, Global Energy Metals Corporation, MagicMed Industries Inc,

NA Proactive news snapshot: Weekend Unlimited Inc aka Potent Ventures Inc, CytoDyn Inc, PlantX Life Inc, PyroGenesis Canada Inc, Global Energy Metals Corporation, MagicMed Industries Inc,
proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.

NA Proactive news snapshot: PlantX Life Inc, PyroGenesis Canada Inc, Global Energy Metals Corporation, MagicMed Industries Inc UPDATE …

A glance at some of the day s highlights from the Proactive Investors US and Canada newswires Your daily round-up from the world of Proactive Weekend Unlimited Inc (CSE:POT) (OTCQB:WKULF), a North American recreational cannabis and CBD wellness company, announced that it intends to change its name to Potent Ventures Inc. The Vancouver-based group also said that it plans to subdivide its common shares based on four new shares for every one existing common share. The company said that as part of the share split, registered shareholders of the company will receive four shares for each share held as of April 28, 2021. Weekend will continue to trade under its iconic CSE stock symbol POT.

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