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Psychedelic drugmaker MindMed stumbles in Nasdaq debut, CEO says 'still very early innings'

Psychedelic drugmaker MindMed stumbles in Nasdaq debut, CEO says 'still very early innings'
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Canopy Growth Corp (CGC), COMP SERVICES (CMPS), FIELD TRIP HEALTH LTD by Field Trip Health Ltd. (FTRPF), LIBERTY HEALTH SCI ORD by Liberty Health Sciences Inc (LHSIF), MIND MEDICINE MINDMED by MIND MEDICINE MINDMED INC. (MMEDF), Pfizer (PFE), Red White & Bloom Brands (RWBYF) - Cannabis Countdown: Top 10 Marijuana And Psychedelic Stock News Stories Of The Week


Field Trip Intends to Use the Net Proceeds From the Offering for the Development of the Company’s FT-104 Novel Psychedelic Development Program, the Opening of New Field Trip Health Centers, and for Working Capital and General Corporate Purposes
Field Trip Health (OTC:FTRPF) announced that, due to strong demand, it has agreed with a syndicate of underwriters led by Bloom Burton Securities, to increase the size of its previously announced $50,000,015 bought deal offering. Pursuant to the upsized deal terms, the underwriters have agreed to purchase, on a bought deal basis, 12,750,000 common shares of Field Trip, at a price of $6.50, for aggregate gross proceeds of $82,875,000. ....

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Psychedelic Stocks Poised to Resume the Upward Trend


Psychedelic Stocks Poised to Resume the Upward Trend
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Fears of inflation and higher interest rates roiled the market for growth stocks, but the long-term prospects for psychedelic medicine remains bullish
/EIN News/ ATLANTA, Feb. 25, 2021 (GLOBE NEWSWIRE) Fears of inflation and higher interest rates sent the NASDAQ Composite and Russell 2000 lower the past few weeks as many investors ran for cover. Almost as if on command, the same market pundits who were bullish prior to the correction suddenly voiced public concern about the valuations on psychedelic stocks. What they fail to remember is, growth stocks, like those in the psychedelic sector, are almost always considered overpriced by traditional analysis. ....

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