Mind Medicine and Other Psychedelics Companies Looking to Go Public in 2020 – EDM.com

It was only a matter of months ago that psilocybin, the active ingredient in magic mushrooms, was fast tracked by the FDA as a breakthrough treatment for depression. Big business might be the next move for psychedelics with companies like Mind Medicine Inc. and Field Trip Psychedelics Inc. sharing plans to go public.

Mind Medicine, which will be helmed by former Canopy Growth Corp co-CEO Bruce Linton and Shark Tank‘s Kevin O’Leary, plans to list under the ticker MMED via a reverse takeover by the first week of March. “Our ambition is to be one of the first publicly listed neuro-pharmaceutical companies developing psychedelic medicines,” Rahn told Bloomberg.

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