Psychedelic investing and trading

[ExtraSlow]

This has come up in other threads, but we don't have a separate one yet, I think.

Place for discussion of Mushroom, LSD, Ketamine, companies that have gone, or are about to, IPO.
Mindmed, Champignon, Numinus, Revive etc.

This space really feels like the early days of the weed market, and some of you dudes made good money on that. I really need to educate myself about the business proposition of these companies. Always seem a bit confusing to chart a path to profit.

[ExtraSlow]

List so far:
Mind Medicine (NEO: MMED)
Champignon Brands (CSE: SHRM - HALTED)
Numinus Wellness (CVE: NUMI)
Revive (CNSX: RVV)
Mydecine (CNSX: MYCO)
Havn Life Sciences (CNSX: HAVN)
IntelGenx (TSXV: IGX)
Cybin (NEO: CYBN)
New Wave Holdings (CSE: SPOR)
Lobe Sciences (CNSX: LOBE)
Mind Cure (CNSX: MCUR)
Red Light Holland (CNSX: TRIP)
Tryp Therapeutics ( CSE: TRYP)
Pure Extracts Technologies Corp (CSNX: PULL)

[mr2mike]

You're in before momentum. That's all I know.

[ercchry]

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You're in before momentum. That's all I know.

I sort of remember pot stocks being the same? Idle as hell for years then BOOM... money probably better off somewhere else till that day comes. Uncle rurrjurr says buy tsla

[The_Rural_Juror]

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I sort of remember pot stocks being the same? Idle as hell for years then BOOM... money probably better off somewhere else till that day comes. Uncle rurrjurr says buy tsla

I never said to buy tsla. I just advised that you shouldn't hate money or msg.
DON'T HATE THE M&Ms.
xoxo

[pheoxs]

There's a lot of promising studies for MDMA and LSD and to some extent Ketamine however I don't see this being like the weed market. With Cannabis you had a significant portion of the population already supporting it and consuming it before legalization. Although a fair chunk of people have experimented with MDMA and LSD in their lives, there just isn't the wide spread usage to quickly support legalization. Not to mention MDMA isn't something you can do on a regular basis. Anymore than once every few months and they'll burn themselves out ... so you'll never have a large customer base. At 2$ for a cap of MDMA or 3$ a tab of LSD a company just wouldn't have enough revenue to stay afloat.

Only viable market I guess would be drug-assisted therapy sessions where they're charging 100+/hr to dose you and talk through it but that doesn't scale as you are limited by the therapist's time.

[The_Rural_Juror]

TYO:2802 Ajinomoto Co.
Right, @max_boost ?

[ThePenIsMightier]

Is ketamine actually on the table, here? It's well known to cause severe, irreversible, pissing blood, kidney damage, isn't it?
Who'd have thought "hey, let's give this sad person some horse tranquilizers and get medical approval!"

[max_boost]

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TYO:2802 Ajinomoto Co.
Right, @max_boost ?

I have to sample the product first lol

[pheoxs]

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Is ketamine actually on the table, here? It's well known to cause severe, irreversible, pissing blood, kidney damage, isn't it?
Who'd have thought "hey, let's give this sad person some horse tranquilizers and get medical approval!"

https://www.psychiatryadvisor.com/ho...iety-and-ptsd/

[The_Rural_Juror]

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I have to sample the product first lol

Right.



Are you referring to PLBY?

[ExtraSlow]

added IntelGenx and Cybin

[ExtraSlow]

Hah, well I talked myself into Havn. I actually really like SHRM, but they need to clean up some documentation/disclosure stuff because they are suspended on the CSE right now.

[Disoblige]

Good luck ES, truly hope it works for you. Hope you learn from those in weedstocks and get out when the speculative hype fades.
I see the same thing happening when it progresses further and it's more about regulatory approvals than business potential.

Also it's funny because Vic Neufeld is the Chairman and he was the one who started Aphria, haha. History repeats.

[ExtraSlow]

Well, I'm a wildly conservative investor, this is stricktly small-dollar amusement. Even if it 10x I won't be making what some of you dudes made in weed and Tesla.

[The_Rural_Juror]

Are yall investin' or tradin' or jus poppin'?

[vengie]

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Are yall investin' or tradin' or jus poppin'?

All of the above?

[The_Rural_Juror]

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Well, I'm a wildly conservative investor, this is stricktly small-dollar amusement. Even if it 10x I won't be making what some of you dudes made in weed and Tesla.

Fake news. No one makes money on Tethla.

- - - Updated - - -

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All of the above?

Aight. My goal today is to buy some NVDA, 3 x HOU, and find 5 previously undiscovered potholes.

[vengie]

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Aight. My goal today is to buy some NVDA, 3 x HOU, and find 5 previously undiscovered potholes.

Everyone take note, this here is the recipe to riches beyond your wildest dreams.

[The_Rural_Juror]

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Everyone take note, this here is the recipe to riches beyond your wildest dreams.

Yes. One pothole for each mounted wheel plus the spare in the trunk. Profit in 3 months.