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InvisibleFiery
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Psychedelic Stocks * 1
    #27134950 - 01/08/21 01:08 PM (1 month, 28 days ago)

Anyone investing in these? And if so, which ones? Numinus Wellness in Canada, Stock ticker :LKYSF was at 20 cents for a long time, then shot up to 1.75 and now it's back down to 99 cents.





Quote:


Numinus Wellness Inc. (OTC: LKYSF) is a Canadian that has been granted a license by Health Canada to cultivate, extract, and sell “naturally sourced, sustainable psilocybin”, otherwise known as hallucinogenic magic mushrooms. According to the Company, it’s the only publicly traded company in Canada that is allowed to do so. Numinus Wellness is also the owner of a dealer’s license under which it’s allowed to “import, export, possess, test and distribute MDMA, psilocybin, psilocin, DMT, and mescaline.” Numinus aims to make psychedelic-assisted psychotherapy accessible through a network of health centers that provide safe, controlled, and therapeutic environments in which patients can heal and become well.








Any predictions/Advice? Does anyone think Numinus stocks will soar eventually?


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OfflinePrimal Matter
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Re: Psychedelic Stocks [Re: Fiery]
    #27134956 - 01/08/21 01:11 PM (1 month, 28 days ago)

I thought you said Psychedelic Socks, I came into this thread with very different expectations. I am not investing in socks.


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InvisibleZombi3
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Re: Psychedelic Stocks [Re: Fiery]
    #27134987 - 01/08/21 01:22 PM (1 month, 28 days ago)

Terrence McKenna’s brother Dennis is the cofounder.
I’ve thought about investing $2500 or so.


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InvisibleFiery
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Re: Psychedelic Stocks [Re: Zombi3]
    #27134994 - 01/08/21 01:24 PM (1 month, 28 days ago)

I mean, I put a few hundred in. It's all a gamble really but this is brand new- never before tread territory. Actual government approval. It could take off and be huge. I don't want to miss out on the next Tesla.


But also- the market for psychdelic therapy seems MUCH smaller than Tesla obviously. I mean, how big can it actually get?


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InvisibleZombi3
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Re: Psychedelic Stocks [Re: Fiery]
    #27135010 - 01/08/21 01:28 PM (1 month, 28 days ago)

Weed stocks were on the floor for a long time before they took off but had you not missed the boat you could have retired off a $10,000 investment once they went for the sky.

It’s not a bad idea to put a few hundo in these stocks if you have the extra disposable funds. If they take off you stand to make a pretty penny.


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OfflinePrimal Matter
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Re: Psychedelic Stocks [Re: Fiery]
    #27135019 - 01/08/21 01:30 PM (1 month, 28 days ago)

Research and production of psychedelics is certainly great and all, but I can't imagine it being especially profitable. Wide-spread appeal isn't great as much as something like cannabis, or as you mentioned, Tesla.


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InvisibleFiery
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Re: Psychedelic Stocks [Re: Zombi3]
    #27135058 - 01/08/21 01:39 PM (1 month, 28 days ago)

Quote:

Zombi3 said:
you could have retired off a $10,000 investment once they went for the sky.






Exactly . I've missed so many boats, I'm just trying to catch one for once.


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InvisibleFiery
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Re: Psychedelic Stocks [Re: Primal Matter]
    #27135062 - 01/08/21 01:41 PM (1 month, 28 days ago)

Quote:

Primal Matter said:
Wide-spread appeal isn't great as much as something like cannabis, or as you mentioned, Tesla.




Exactly, which is why I approach the idea with caution. I mean on the website they talk about opening up multiple facilities, which sounds like plans for expansion. But like you said: where are the profits coming from?


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InvisibleBilly Ray
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Re: Psychedelic Stocks [Re: Fiery]
    #27135367 - 01/08/21 03:58 PM (1 month, 28 days ago)

I've considered this as well but psychedelic consumption can't be compared to weed.  People use marijuana products everyday.  Psychedelics don't work like that so I don't know how it'd become anywhere near as lucrative as marijuana.


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InvisibleFiery
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Re: Psychedelic Stocks [Re: Billy Ray]
    #27135375 - 01/08/21 04:03 PM (1 month, 28 days ago)

Well I figure for a few hundreds dollars it could not hurt. Maybe I lose it all? Maybe not. I think it's worth the gamble for now. But investing more than just a handful of hundreds might not be a good idea.


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