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Field Trip Health Ltd. Announces Closing of $95 Million Bought Deal Financing


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TORONTO, March 17, 2021 (GLOBE NEWSWIRE) Field Trip Health Ltd. (CSE: FTRP; FTRP.WT; OTCQX: FTRPF) (
Field Trip ), a leader in the development and delivery of psychedelic therapies, is pleased to announce that it has closed the bought deal short form prospectus offering previously announced on February 25 and 26, 2021, including the full exercise of the underwriters’ over-allotment option (the
Offering ). In connection with the Offering, Field Trip issued 14,661,499 common shares, (“
Common Shares”) at a price of C$6.50 per Common Share, for aggregate gross proceeds of $95 million.
The lead investor in the Offering was Soleus Capital with additional participation by Avidity Partners, Sphera Funds, Pura Vida Investments, Jennison Associates and other healthcare specialized institutional investors. ....

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With Recent Advancements, North America Is Expected To Dominate Psychedelic Drugs Market


With Recent Advancements, North America Is Expected To Dominate Psychedelic Drugs Market
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PALM BEACH, Fla., March 9, 2021 /PRNewswire/  The time of Tune In… Turn On… and Dropout psychedelics, such as certain, mushrooms and of course, LSD were not only not legal, but no researcher could even suggest studying the compounds… they were universally declared taboo. My, but how times have changed now that the baby boomers are old and want treatments for what life is bringing them now… new, effective treatments. Psychedelic medicine is one of the fastest growing markets. Psychedelic Medicines also called as hallucinogenics, are a group of substances including chemicals, such as LSD, and plants that are used in the treatment of various mental disorders such as resistant depression, panic disorder, opiate addiction, etc. These are used to change and enhance sensory perceptions, energy lev ....

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The Psilocybin Patent Race Is On


The Psilocybin Patent Race Is On
It feels like these companies are casting a wide net, but it makes sense to file at the beginning of this mushroom mania.
Mar 06, 2021 | 12:30 PM EST
It seems that a week doesn t go by without a psychedelic company saying it has filed for a patent of some sort. This process can be confusing as the first assumption is that these companies are trying to patent a natural product. It isn t difficult to see how this misunderstanding happens. The headlines shout psychedelic company! Psilocybin! Patent! That, however, isn t exactly what is happening.
Truth Behind Psychedelic Patents ....

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Rise In Consumer Acceptance of Psychedelic Drug Therapies Is Quickly Increasing


Rise In Consumer Acceptance of Psychedelic Drug Therapies Is Quickly Increasing
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PALM BEACH, Fla., Feb. 17, 2021 /PRNewswire/ Psychedelics are making their way out of the counterculture and back into the mainstream, with research and media interest in the mind-altering substances growing substantially. Some have even called psychedelics psychiatry s brave new world. The revitalization of psychedelics has occurred alongside a shift away from the research and development of traditional psychiatric medications by leading pharmaceutical companies. A report from Data Bridge Market Research reported that the global psychedelic drugs market is rising gradually with a healthy CAGR in the forecast period of 2019-2026. Growing prevalence of depression worldwide and increase in special designation from the regulatory authorities to the company to expedite the development process are the key facto ....

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