Functional fungi company Psyched Wellness announced recently that the company has been listed on the Canadian Securities Exchange, bolstering its bid to bring mushroom-derived products with legal psychedelic compounds to the consumer market. The company is being traded under the ticker symbol PSYC on the CSE, with shares closing at CA$0.14 on Wednesday.
In a telephone interview with High Times, Psyched Wellness CEO Jeffrey Stevens characterized the public listing as “a great milestone to achieve, to become a listed company.”
Besides Psyched Wellness, 2020 has seen other high-profile new stock listings on Canadian investment markets. In March, Champignon Brands, a firm developing mental health treatments with psilocybin and ketamine, made its trading debut with an IPO listing on the Canadian Securities Exchange under the ticker symbol SHRM. Only days later, MindMed, with backers including former Canopy Growth CEO Bruce Linton and Shark Tank celebrity investor Kevin O’Leary, went public with an IPO listed on the Canadian NEO Exchange.
“Canada has traditionally been a great market to raise venture capital and micro-cap through a public vehicle. It started off with the Toronto Venture Exchange, and then more recently, the Canadian Securities Exchange was introduced. And that is a prime exchange for