Psychedelics Stocks to Watch (Updated 2022)
The small-cap market has been invaded by a flurry of psychedelics stocks to watch thanks to new company launches. Investors now have a variety of options for taking a run in the shroom stocks space.
In an effort to expand the capabilities of the medical field, companies are starting to investigate the potential of psychedelic medicines and are looking to raise capital in the public market.
While this industry is still in its early stages, the promising potential of psychedelic medicine drug products has attracted the interest of savvy investors eager for an emerging investment opportunity.
A shroom boom is in the works, led by encouraging results from psychedelic medicine treatments for various issues associated with mental health, and in connection to potential global law changes.
Here the Investing News Network presents a current list of psychedelics stocks to watch. The following stocks are all listed on public stock exchanges and are arranged alphabetically.
Aion Therapeutic (CSE:AION,OTC Pink:ANTCF)
Aion Therapeutic is in the business of research and development, treatment, data mining and state-of-the-art artificial intelligence techniques. It is focused on the development of combinatorial pharmaceuticals, nutraceuticals and cosmeceuticals utilizing compounds from cannabis, psychedelic mushrooms, fungi, natural psychedelic formulations and other medicinal plants in a legal environment for this type of discovery.
Albert Labs (CSE:ABRT)
Albert Labs is a Vancouver-based research and drug-development company focused on improving patient access to innovative mental health medications. The company is presently developing a natural psilocybin-based medication for patients with cancer-related distress.
Allied has both cannabinoid and psilocybin products in the pharmaceutical development track, and is seeking pharma drug indications for depression, anxiety and post-traumatic stress disorder.
BetterLife Pharma (CSE:BETR,OTCQB:BETRF)
BetterLife Pharma is a biotechnology company engaged in the development and commercialization of psychedelic products for the treatment of mental disorders in Canada, the US, Australia and the European Union.
Blackhawk Growth (CSE:BLR)
Blackhawk Growth is an investment issuer looking to capitalize on market and industry trends that can create substantial value for its shareholders. The firm holds a position in the psychedelics market.
Bright Minds Biosciences (NASDAQ:DRUG)
Bright Minds Biosciences is focused on developing novel transformative treatments for neuropsychiatric disorders, epilepsy and pain. The company’s drugs have been designed to potentially retain the powerful therapeutic aspects of psychedelics and other serotonergic compounds, while minimizing their side effects; according to Bright Minds, this means its offerings should be superior to first-generation compounds like psilocybin.
Captiva Verde Wellness (CSE:PWR,OTC Pink:CPIVF)
Captiva Verde Wellness is a sustainable real estate company that invests in areas like green residential communities, disruptive manufacturing facilities, organic food production and pharmaceutical products.
Clearmind Medicine (CSE:CMND,OTC Pink:CMNDF)
Clearmind Medicine is a psychedelics, pharma and biotech company that finds and develops novel psychedelics-derived therapeutics to solve widespread and underserved health problems, including alcohol use disorder.
COMPASS Pathways (NASDAQ:CMPS)
COMPASS Pathways is dedicated to accelerating patient access to evidence-based innovation in mental health. It has developed a proprietary high-purity polymorphic crystalline formulation of psilocybin, called COMP360.
Creso Pharma (ASX:CPH,OTCMKTS:COPHF)
Creso Pharma is engaged in developing, registering and commercializing pharmaceutical-grade cannabis and hemp-based nutraceutical products and treatments for human and animal health.
The firm owns Halucenex Life Sciences, a psychedelics firm based in Canada.
Cybin is focused on progressing psychedelic therapeutics by utilizing proprietary drug-discovery platforms, innovative drug-delivery systems, novel formulation approaches and treatment regimens for psychiatric disorders, all protected under its ever-growing intellectual property portfolio.
Ehave (OTC Pink:EHVVF)
Ehave is a healthcare company engaged in developing a health data platform that integrates with proprietary and third-party assessment and therapeutic digital applications.
Empower Clinics (CSE:CBDT)
Empower Clinics is an integrated healthcare company that provides body and mind wellness for patients through its clinics, with digital and telemedicine care and world-class medical diagnostic laboratories.
Entheon Biomedical (CSE:ENBI,OTCQB:ENTBF)
Entheon Biomedical is a biotechnology research and development company committed to developing and commercializing a portfolio of safe and effective dimethyltryptamine-based psychedelic therapeutic products for the purpose of treating addiction and substance-use disorders. Dimethyltryptamine is known as DMT.
Field Trip Health (NASDAQ:FTRP)
Field Trip Health is a psychedelics company with aspirations in drug development using psychedelic compounds. It oversees a network of centers for psychedelic therapy across North America and Europe.
Filament Health (NEO:FH,OTCQB:FLHLF)
Filament Health is a natural psychedelic drug-discovery and extraction technology company. Filament engages in natural extraction technology commercialization utilizing its intellectual property portfolio, in-house GMP facility and Health Canada psilocybin dealer’s license.
GH Research (NASDAQ:GHRS)
GH Research is a clinical-stage biopharmaceutical company dedicated to transforming the treatment of psychiatric and neurological disorders.
Goodness Growth Holdings (CSE:GDNS,OTCQX:GDNSF)
Goodness Growth Holdings is a physician-led, science-focused holding company. The company’s operations consist primarily of its multi-state cannabis company subsidiary, and its science and intellectual property incubator. The firm also holds psychedelics assets through a subsidiary.
HAVN Life Sciences (CSE:HAVN,OTC Pink:HAVLD)
HAVN Life Sciences is a biotechnology company engaged in the business of researching and developing psycho-pharmacological products, including the formulation of standardized psychoactive compounds derived from fungi.
Levitee Labs (CSE:LVT,OTC Pink:LVTTF)
Levitee Labs is a functional mushroom company focused on the development and sale of high-potency mushroom extract nutraceuticals, as well as supplies and equipment for mushroom cultivation.
Lobe Sciences (CSE:LOBE,OTCQB:LOBEF)
Lobe Sciences is working to develop effective psilocybin-based therapeutics for the treatment of mild traumatic brain injuries and post-traumatic stress disorder, plus devices for the efficient application of medications.
Love Pharma (CSE:LUV)
Love Pharma creates innovative, science-driven products to cater to the sexual health and wellness space.
Mind Cure Health (CSE:MCUR,OTCQX:MCURF)
Mind Cure Health is a mental health and wellness company. The company is focused on developing, manufacturing and distributing a branded line of organic functional mushroom extracts.
Mind Medicine (NASDAQ:MNMD,NEO:MMED)
Mind Medicine is a psychedelic medicine and biotech company that discovers, develops and deploys psychedelics-inspired medicines and therapies to address addiction and mental illness.
Mindset Pharma (CSE:MSET,OTCQB:MSSTF)
Mindset Pharma is a research company using its proprietary platform to develop novel and patentable next-generation psychedelic drug candidates to treat neurological and psychiatric disorders.
MYND Life Sciences (CSE:MYND,OTCQB:MYNDF)
MYND Life Sciences is a neuro-pharmaceutical drug-development company. The company’s mission is to further research linking depression and inflammation at the genetic and cellular level to develop pharmaceutical treatments utilizing compounds found in psychedelics; its initial focus is on psilocybin and its various analogs.
NeonMind Biosciences (CSE:NEON,OTC Pink:NMDBF)
NeonMind Biosciences is engaged in preclinical research to develop potential clinical treatments and wellness products to address obesity and weight management conditions, and to promote health and wellness. One of its divisions focuses on the development of two lead psilocybin-based drug candidates targeting obesity.
New Wave Holdings (CSE:SPOR,OTC Pink:TRMNF)
New Wave Holdings is an investment issuer focused on the burgeoning psychedelics and esports sectors.
In the psychedelics sector, the company focuses on active psychedelic compounds and functional mushroom product lines, and is developing an intellectual property portfolio focused on psilocybin, LSD, MDMA and ketamine-derived treatments for neuropsychiatric diseases.
Nirvana Life Sciences (CSE:NIRV)
Nirvana Life Sciences is focused on developing medical products and regimens that address addiction. The company is working on novel formulations of psilocybin and additional naturally sourced psychedelics to treat pain, opioid dependency and other health problems.
Numinus Wellness (TSX:NUMI,OTCQX:NUMIF)
Numinus Wellness develops proprietary psychedelics-centered therapeutic products and services through its own laboratory and research and development processes.
Optimi Health (CSE:OPTI)
Optimi Health is engaged in developing a vertically integrated Canadian functional mushroom brand that focuses on the health and wellness sector.
PharmaDrug is a specialty pharmaceutical company focused on the research, development and commercialization of controlled substances and natural medicines such as psychedelics, cannabis and naturally derived approved drugs.
PharmaTher Holdings (CSE:PHRM,OTCQB:PHRRF)
PharmaTher Holdings is a specialty life science company that is researching and developing psychedelic pharmaceuticals with the goal of receiving US Food and Drug Administration approval. It is looking to treat mental health concerns, plus neurological and pain disorders.
Psybio Therapeutics (TSXV:PSYB)
PsyBio Therapeutics is a biotechnology company. The company is engaged in the development of drugs intended for the treatment of mental illness and neurological disorders.
PSYC (OTC Pink:PSYC)
PSYC is a media-focused company serving the expanding medicinal psychedelics community. Through its media platform, Psychedelic Spotlight, the company has positioned itself at the core of the psychedelics renaissance.
Psyence Group (CSE:PSYG,OTCQB:PSYGF)
Psyence Group is a science-led psychedelics platform led by experts in neurology, neuroscience and drug development. It builds and operates federally licensed commercial psilocybin cultivation and production facilities.
Relmada Therapeutics (NASDAQ:RLMD)
Relmada Therapeutics is a clinical-stage biotech company engaged in developing novel versions of drug products that address areas of high unmet medical needs and treat central nervous system diseases.
Revive Therapeutics (CSE:RVV,OTCQB:RVVTF)
Revive Therapeutics is focused on the research, development and commercialization of novel psychedelic and cannabinoid-based life science products, as well as drug repurposing for infectious diseases. Its technology is being developed to address issues like pain, inflammation and wound care.
Seelos Therapeutics (NASDAQ:SEEL)
Seelos Therapeutics is a clinical-stage biotechnology company. The company is focused on developing products that address significant unmet needs in central nervous system disorders and other rare disorders.
SILO Pharma (OTCQB:SILO)
SILO Pharma is a development-stage biopharmaceutical company focused on merging traditional therapeutics with psychedelics research.
Silo Wellness (CSE:SILO,OTCQB:SILFF)
Silo Wellness operates psychedelics clinics and develops legal functional mushroom consumer products. It is focused on developing and introducing psychedelic medicines to reduce trauma and increase performance by destigmatizing the active compounds in psychedelics and innovating ease of administration and ingestion.
Tryp Therapeutics (CSE:TRYP,OTCQB:TRYPF)
Tryp Therapeutics is a pharmaceutical company focused on identifying and developing clinical-stage compounds for orphan diseases and other diseases with high unmet medical needs. PFN, the company’s main development program, is designed to treat neuropsychiatric disorders through the dosing of formulations of synthetic psilocybin.
Universal Ibogaine (TSXV:IBO,OTCQB:IBOGF)
Universal Ibogaine has a platform of addiction treatment clinics that use ibogaine as a primary modality for the interruption — and ideally cessation — of addictions to primarily opioids such as oxycodone, heroin and fentanyl, as well as alcohol, cocaine and other stimulants.
Wesana Health Holdings (CSE:WESA,OTCQB:WSNAF)
Wesana Health Holdings is an emerging life science company championing the development and delivery of psychedelic and naturally sourced therapies to treat traumatic brain injuries.
Future psychedelics stocks to watch
Investors on the lookout for the most intriguing opportunities in the psychedelics space are definitely getting a taste of another early stage growth opportunity. When it comes to which psychedelics stocks to watch, it’s clear a growing list of names will become available as interest in the space continues to increase.
What are psychedelics stocks?
A new age of pharmaceutical companies is rising as firms research and develop psychedelic compounds with the goal of creating of drug products that can help treat mental health ailments. These companies have found their way to the capital markets in the US and Canada, giving investors multiple ways to gain exposure, including buying shares of specific psychedelics stocks and investing in psychedelics-focused exchange-traded funds.
How to buy psychedelics stocks?
Retail investors can pursue psychedelics stocks in the same manner that they do their everyday trading. Whether working with an independent stock market application, a private financial broker or a bank platform, investors can acquire stakes in a wide variety of psychedelics companies of all sizes and valuations.
Why are psychedelics stocks down?
The excitement surrounding a near future in which psychedelics stocks gain regulatory approval for their products does not change the fact that this industry has long timelines, similar to those seen in the pharmaceutical development market. This means the psychedelics sector is a long-term play, and that companies must go through notoriously difficult, expensive and lengthy clinical studies in which their drugs are evaluated.
Will psychedelic stocks go up?
The stock market is impossible to predict with any certainty. But one thing investors can be sure of is that there’s been a significant level of financial support backing the biggest psychedelic drug makers.
Additionally, financial experts believe big-name pharmaceutical companies have a serious interest in possibly acquiring psychedelics players down the road.
When will psychedelics stocks take off?
It’s widely expected that drug approvals by medical regulators, primarily the US Food and Drug Administration, will act as a significant catalyst for the entire industry. Once the market matures from there, advances from specific companies are likely to boost the space, similar to how the pharmaceutical market currently works.
Should I invest in psychedelics stocks?
While every investor must do their own due diligence and soul searching to know where they stand with their exposure to each market, it’s undeniable to see the potential attached to the current path for psychedelics stocks. The market is brimming with excitement surrounding the possibility of a landmark first-ever psychedelics-based novel drug approval for the treatment of mental health conditions.
This is an updated version of an article first published by the Investing News Network in 2020.
Don’t forget to follow @INN_LifeScience for real-time updates!
Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Albert Labs, Awakn Life Sciences, Lobe Sciences, Love Pharma, NeonMind Biosciences, Nirvana Life Sciences, Optimi Health and Silo Wellness are clients of the Investing News Network. This article is not paid-for content.
From Your Site Articles
Related Articles Around the Web