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)
Company Profile
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)
Press Releases
Company Profile
Albert Labs is 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.
Algernon Pharmaceuticals (CSE:AGN,OTCQB:AGNPF)
Company Profile
Algernon Pharmaceuticals is a clinical-stage drug-development company focused on the disease areas of stroke, idiopathic pulmonary fibrosis and chronic cough.
Allied (OTCQB:ALID)
Company Profile
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.
ATAI Life Sciences (NASDAQ:ATAI)
Company Profile
ATAI Life Sciences is a clinical-stage biopharma company aiming to transform mental health disorder treatment.
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