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Lovage
Full Time Ding Dong
Registered: 04/22/19
Posts: 380
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Investing in medical psychedelics
#27346952 - 06/13/21 03:47 PM (2 years, 9 months ago) |
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Where would I look to find out how to invest in the psychedelics industry? I don’t even know where to begin on this. Ty
-------------------- Dear God, did you see all the boobs on that guy…
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Hikeadellic
Fungi Fan
Registered: 08/31/20
Posts: 1,227
Loc: Appalachian Trail
Last seen: 4 days, 16 hours
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Re: Investing in medical psychedelics [Re: Lovage]
#27346960 - 06/13/21 03:55 PM (2 years, 9 months ago) |
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Do you have any experience investing in the stock market?
There are several publicly traded psychedelic companies listed on the NASDAQ
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Lovage
Full Time Ding Dong
Registered: 04/22/19
Posts: 380
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Re: Investing in medical psychedelics [Re: Hikeadellic]
#27346969 - 06/13/21 04:01 PM (2 years, 9 months ago) |
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No I do not but I am not afraid to learn. Just not really sure where to start. What would those companies be called?
Ty for your time
-------------------- Dear God, did you see all the boobs on that guy…
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screamshape
Stranger
Registered: 03/16/19
Posts: 12
Last seen: 2 years, 7 months
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Re: Investing in medical psychedelics [Re: Lovage]
#27346978 - 06/13/21 04:09 PM (2 years, 9 months ago) |
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I know Mind Medicine is the one a lot of people think is a good investment. The stock symbol is MMEDF.
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Hikeadellic
Fungi Fan
Registered: 08/31/20
Posts: 1,227
Loc: Appalachian Trail
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Re: Investing in medical psychedelics [Re: Lovage]
#27347064 - 06/13/21 05:50 PM (2 years, 9 months ago) |
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Mind Med is one
r/shroomstocks is another community that talks about it
When you get comfortable with buying/selling shares and want to add more risk to your portfolio you can learn about options.
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Enkidu
"No-Such-Person"
Registered: 07/09/16
Posts: 10,698
Last seen: 8 months, 8 days
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Re: Investing in medical psychedelics [Re: Hikeadellic]
#27347112 - 06/13/21 06:37 PM (2 years, 9 months ago) |
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Youll probably want to choose a brokerage platform
Webull is a pretty straight forward mobile app which i use.
I found it very newb friendly and easy to navigate.
With so many unknowns about the industry and with it being early and emerging, might be hit or miss a bit on companies and stocks.
Def do your dd first.
Might wana follow along here
https://www.shroomery.org/forums/showflat.php/Number/27345253#27345253
Geo is worth paying pretty close attention to
Also id recommend watching videos and educating yourself on the stock market a bit and consider everything going on that impacts the market short and long term if you're serious about getting into actively investing for yourself.
It can seem like a lot and a bit overwhelming at first, but you might be surprised how quickly you can get a grasp on everything to at least form some decent ideas on whats going on and what to do
Id say learn learn learn
Would be pretty easy to open an account, add funds, research some companies, then purchase some stock and forget about them
-------------------- Within You , Without You
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Good for Health
Registered: 09/21/20
Posts: 208
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Re: Investing in medical psychedelics [Re: Enkidu]
#27350508 - 06/16/21 10:30 AM (2 years, 9 months ago) |
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I've created my own psychedelic research ETF. Bought a bunch of shares of the psychedelic medicine stocks below.
500 shares of BRAXF. 100 shares of CLXPF. 150 shares of LKYSF. 100 shares of MNMD. 500 shares of NMBDF. 250 shares of RVVTF.
I'm in the green w/ CLXPF, LKYSF & MNMD (my best performer).
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bio_alchemist
Shroom Operator
Registered: 03/21/18
Posts: 590
Loc: Florida
Last seen: 12 hours, 15 minutes
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I sold %90 of my Cybin Stock when it hit $2.00 for double what I put in assuming it was going to crash back down like a lot of my other stocks. But it didnt. It hit $3 today hah. Cant bring myself to get back in at that price
-------------------- vVvVv I Buy and Sell MONERO! USD for XMR vVvVv Check out my Monero Guide to Economic Freedom!!!
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Good for Health
Registered: 09/21/20
Posts: 208
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Thought I'd give a quick update about my stocks... They're all in the red! I ain't selling but buying more. IMO the future of psychedelic medicine is bright.
BRAXF - 1,000 shares (-59.48%) CYBN - 300 shares (-6.93%) LKYSF - 250 shares (-24.55%) MNMD - 250 shares (-5.46%) NMDBF - 500 shares (-30.70%) RVVTF - 250 shares (-9.29%)
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TheFakeSunRa
Bitch Splitter
Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
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Quote:
Good for Health said: Thought I'd give a quick update about my stocks... They're all in the red! I ain't selling but buying more. IMO the future of psychedelic medicine is bright.
BRAXF - 1,000 shares (-59.48%) CYBN - 300 shares (-6.93%) LKYSF - 250 shares (-24.55%) MNMD - 250 shares (-5.46%) NMDBF - 500 shares (-30.70%) RVVTF - 250 shares (-9.29%)
Yikes!
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
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Ahab McBathsalts
OTD Windmill Administrator
Registered: 11/25/02
Posts: 35,161
Loc: Wind Turbine, AB
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Re: Investing in medical psychedelics [Re: TheFakeSunRa] 1
#27541368 - 11/13/21 06:08 AM (2 years, 4 months ago) |
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This whole industry is pretty early and most are making very little revenue. Things look promising, but they don't really have much of a business model yet. It will continue to evolve and I'm sure that in time valuable companies will emerge. I wouldn't expect stocks to do much for 3 or 8 years. It could be a while, but the product is top shelf.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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Asante
Omnicyclion prophet
Registered: 02/06/02
Posts: 87,291
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Please realize guys that with the cannabis boom, the average weed user uses several grand worth of weed a year, and the average Shroomer, a few tenners.
I think the money here is in treatment centers more than grow ops.
-------------------- Omnicyclion.org higher knowledge starts here
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙
Registered: 05/08/01
Posts: 23,563
Loc: city of angels
Last seen: 1 day, 1 hour
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Re: Investing in medical psychedelics [Re: Lovage] 1
#27543953 - 11/15/21 08:24 AM (2 years, 4 months ago) |
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Log in to view attachment
We were approached last year by a Canadian upstart with the intent to acquire the Shroomery. While their initial rollout is centered around more conventional mushroom extracts, they have ambitions to enter into the psychedelic realm as soon as their permitting and the legal landscape will allow. From the attached document:
Quote:
Psychedelic R&D
We are pleased to announce the filing of our Dealers License application through Health Canada. The granting of the Dealer’s License will permit the Company to have legal access to controlled substances, including psilocybin and psilocin, which would allow the Company to produce, cultivate, extract, process and distribute novel strains of psilocybin mushrooms for research purposes and sale of such to authorized parties. In conjunction with our R&D efforts, Dr. Olivier Wellman has joined the Company as the Qualified Person in Charge (QPIC) and will help facilitate the Company’s R&D initiatives once the Dealer’s License application has been approved and issued. Dr. Wellman holds a PhD in Molecular Biology, an MBA in Pharmaceutical Marketing and Management, and a Bachelor of Science in Pharmacy.
Doseology’s Flagship Clinic in Oregon
Doseology has already spent considerable time on the ground navigating the framework for legalized psilocybin therapy centers in Oregon. The Company plans to quickly set up key infrastructure in the state, within the legal framework of Measure 109, by partnering with established medicinal mushroom producers, licensed mental health practitioners, and university-affiliated research labs. Doseology is positioned to be a strong first-to-market player in Oregon, the first jurisdiction to roll out legalized psilocybin. In other jurisdictions, Doseology intends to establish branded clinics that will offer legal & psychedelic-directed therapies.
The company, Doseology, is going public on the CSE today under the symbol MOOD.
I've attached their most recent shareholder update to this thread for anyone who is interested. Obviously, we rejected their fair offer for acquisition, as we genuinely enjoy this project and want to keep it relatively free from commercial interests, however we did invest directly in their Series A raise. Let's see what happens!
-------------------- -------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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dobro
Stranger
Registered: 12/09/21
Posts: 4
Last seen: 2 years, 3 months
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Re: Investing in medical psychedelics [Re: geokills]
#27575338 - 12/09/21 09:53 PM (2 years, 3 months ago) |
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I’m brand new here and this thread caught me. I’m no Wall St slick but I have a little float of pot stocks and a small bit of MNMD. I’m wanting to add more and even knowing it’s probably an uphill fight, i think there’s a future here. From what little I’ve read, they seem to be getting real results and that can’t be overlooked forever.
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Ajlawson2
Lurker
Registered: 12/08/21
Posts: 1
Loc: Californication
Last seen: 1 year, 1 month
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Re: Investing in medical psychedelics [Re: dobro]
#27576013 - 12/10/21 11:36 AM (2 years, 3 months ago) |
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First post and it’s on the topic of stocks! lol My advice would be to put a a little bit of money that you can afford to lose into “alternative medicine” stocks. Make sure to not get emotional over the Gains and losses and slowly add to the totals over time. I firmly believe that these stocks are the way of the future. You only need one of them to take off to do well and many of them are trading under $1 per share. I’ve been investing in them since July of 2020, had multiple ups and downs but I keep adding shares! This is my secret retirement plan, if it pays off great, if not then I at least put what I could afford to lose into something I strongly believe in! Once one company takes off I think they will all benefit. The ongoing studies are looking very promising! Best of luck! Here are my share totals not that it matters.
Current totals as of 12/08/21
Atai 80 @ 15.25 Bionomics 8000 @ .16 compass 31 @ 32.25 Cybin 215 @ 1.49 and Cybin 1200 @ 1.76
Fieldtrip 60@ $3.97 FTRP 18 @ 4.89 FTRP 211@5.37 and multiple options contracts expiring 6/2022 IGXT 2083 @ .47 Mindmed MNMD 6222 @2.56 1511@2.97 115@3.41 total
Numi 3302@ .81
Revive RVVTF 3630@0.37 5549@0.36
-------------------- Ermm..I’m trying
Edited by Ajlawson2 (12/10/21 12:20 PM)
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Mojo
Stranger
Registered: 07/12/07
Posts: 1,677
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Re: Investing in medical psychedelics [Re: geokills]
#27590939 - 12/22/21 05:04 PM (2 years, 3 months ago) |
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Quote:
geokills said:
The company, Doseology, is going public on the CSE today under the symbol MOOD.
How would someone in the USA purchase stock on the Canadian Securities Exchange?
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Good for Health
Registered: 09/21/20
Posts: 208
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Re: Investing in medical psychedelics [Re: Mojo]
#28255910 - 03/31/23 09:16 AM (11 months, 22 days ago) |
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Well things haven't gotten any better since my last post. They've gotten a lot worse... Still adding positions every so often.
ATAI - 100 shares (+ 9.06%) BRAXF - 12,500 shares (- 71.93%) CYBN - 3,000 shares (-54.33%) LOBEF - 10,000 shares (+ 6.81%) MNMD - 175 shares (-64.52%) NMDBF - 66 shares (-99.93%) NUMIF - 1,000 shares (-52.29%) RVVTF - 5,500 shares (-67.18%).
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙
Registered: 05/08/01
Posts: 23,563
Loc: city of angels
Last seen: 1 day, 1 hour
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Re: Investing in medical psychedelics [Re: Mojo]
#28255966 - 03/31/23 10:11 AM (11 months, 21 days ago) |
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Quote:
Mojo said:
Quote:
geokills said:
The company, Doseology, is going public on the CSE today under the symbol MOOD.
How would someone in the USA purchase stock on the Canadian Securities Exchange?
Hey, sorry I missed your question so long ago. Some brokers will allow you to purchase securities on international exchanges for an extra fee, you'll have to ask your broker if you have this option. Alternatively, you can often find mirror assets on the OTC exchanges. These are unregulated and very light volume, so trade at your own risk. Doseology can be traded on domestic US discount brokers via the OTCQB, under the ticker DOSEF.
Note, these companies are not doing well and although the Shroomery's parent company still holds its initial investment in Doseology, I would not personally recommend allocating money to the space right now.
-------------------- -------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Good for Health
Registered: 09/21/20
Posts: 208
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Anyone see MNMD jumping 50% today? Hopefully their FDA approvals are going to push the psychedelic medicine train full steam ahead.
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Ahab McBathsalts
OTD Windmill Administrator
Registered: 11/25/02
Posts: 35,161
Loc: Wind Turbine, AB
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I took my 90% loses and put them against some winners.
-------------------- "Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."
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