Friday, February 24, 2023

#CryptoCorner #Podcast 930: #Stocks discussed: (NasdaqGS: $COIN) (TSX: $GLXY.TO) (NasdaqCM: $MIGI)

 



 

 

#CryptoCorner #Podcast 930: #Stocks discussed: (NasdaqGS: $COIN) (TSX: $GLXY.TO) (NasdaqCM: $MIGI)

 

Coinbase Announces Testnet Launch of “Base”, Galaxy Digital Acquires Custody Platform GK8, and Mawson Relocates Miners to US

 

Vancouver, Kelowna, Delta, BC February 24, 2023 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

Today’s podcast is sponsored by Fintech Company AppTech Payments Corp. (NasdaqCM:APCX).

 

The Investor ideas Crypto Corner was named one of 14 Best Crypto & Blockchain Podcasts for Jun 2022: https://www.yoreoyster.com/blog/best-crypto-podcasts/

 

Listen to today’s Crypto Corner Podcast:  

https://www.investorideas.com/Audio/Podcasts/2023/022423-CryptoMarket.mp3

 

Read this in full at https://www.investorideas.com/news/2023/crypto-corner/02241COIN-GLXY-MIGI.asp

 

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Stocks discussed: (NasdaqGS:COIN) (TSX:GLXY) (NasdaqCM:MIGI)

 

Coinbase (NasdaqGS:COIN) has announced, in an official blog post, the testnet launch of Base, described as “an Ethereum [ETH] Layer 2 (L2) network offering a secure, low-cost, developer-friendly way for anyone, anywhere, to build decentralized apps or “dapps” onchain.” An excerpt from the post explaining Base reads:

 

Our goal with Base is to make onchain the next online and onboard 1B+ users into the cryptoeconomy. In pursuit of this goal, Base will serve as both a home for Coinbase’s onchain products and an open ecosystem where anyone can build.

 

Galaxy Digital Holdings Ltd. (TSX:GLXY) has completed its previously announced acquisition of substantially all of the assets of GK8, a secure institutional digital asset custody platform, for approximately $44 million. Mike Novogratz, Founder and CEO of Galaxy, commented:

 

"Investor demand for innovative and secure custody services continues to grow, and the acquisition of GK8 enhances our efforts to offer clients best-in-class cold storage solutions along with cutting-edge wallet technology. In addition to continuing to offer highly valuable custody technology to clients, the GK8 team will play a pivotal role in our evolution to offer a full-service financial platform for digital assets."

 

Mawson Infrastructure Group, Inc. (NasdaqCM:MIGI) has closed its facility in Condong, NSW, Australia, and is now focusing on its operations in the United States exclusively. Consequently, all of its ASIC miners and MDC equipment are being transferred to Pennsylvania for deployment. The company’s CEO, James Manning, said:

 

"Mawson continues to push forward with our operations in the United States. As such, we made the strategic decision post closure of the Australian facility to relocate all our Australian assets to the US, and focus our resources on building out the 220 MW of facilities we have in Pennsylvania. All 5,376 ASIC units have either arrived or are soon arriving for deployment in PA with the MDC’s to follow. We look forward to seeing these units come online in early Q2, 2023."

 

Sam Mowers, Investorideas

 

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

 

Podcast sponsor


AppTech Payments Corp. (NasdaqCM:APCX) is an innovative Fintech company whose mission is to deliver a better way for businesses to provide their customers with immersive commerce experiences. Commerse™, its all-new, patent-backed technology platform powering seamless omni-channel Commerce Experiences-as-a-Service (CXS), drives highly secure, scalable, cross-border digital banking, text-to-pay, crypto payments and merchant services altogether from a single, unified stack designed to increase operational efficiencies and growth for businesses while providing the economic convenience that their customers demand from today’s commerce experiences. For more information, visit apptechcorp.com.

About Investorideas.com - Big Investing Ideas

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Breaking #Oil and #Gas #Stock News- FOOTHILLS EXPLORATION, INC. (OTC: $FTXP) ANNOUNCES 545-WELL ACQUISITION IN #KANSAS AND #OKLAHOMA; @Foothills_FTXP

 


Breaking #Oil and #Gas #Stock NewsFOOTHILLS EXPLORATION, INC. (OTC: $FTXP) ANNOUNCES 545-WELL ACQUISITION IN #KANSAS AND #OKLAHOMA; @Foothills_FTXP

 

LOS ANGELES, CA, February  24, 2023  --(Investorideas.com newswire )  Breaking oil and gas stock news - Foothills Exploration, Inc (OTC: FTXP), including its direct and indirect subsidiaries, (“Foothills,” or the “Company”), an oil and gas exploration company focused on delivering the energy needs of today and tomorrow, is pleased to announce that it has acquired certain leases and wells located in Kansas and Oklahoma.

 

Read this news, featuring FTXP in full at https://www.investorideas.com/news/2023/energy/02241FTXP-545-Well-Acquisition.asp

 

The world is expected to remain dependent upon oil and natural gas as transitional energy sources until the world can produce enough quantities of green energy. Natural gas in particular will play a bigger role on a global scale providing clean, reliable and abundant energy to nations for years to come.

 

Acquisition Highlights

•         The acquisition provides a multi-year inventory of wells to increase the production and reserve profile of the Company.

•         The assets provide the Company with a platform to deliver double-digit growth in production, reserves, and revenues in 2023 and 2024.

•         Substantial reserves behind pipe

•         Infrastructure in place to drive low-cost development.

•         Natural gas weighted assets

 

Jubilee Acquisition

In January of 2023, the Company closed on the acquisition of one hundred percent (100%) membership interest in Jubilee Exploration, LLC, an Oklahoma limited liability company (“Jubilee Exploration”), which owns five hundred forty-five (545) shut-in or stranded oil and gas wells situated on multiple leases located in northeastern Oklahoma and southeastern Kansas.

 

Jubilee Exploration, an independent oil and gas producer currently controls 545 wells located across multiple counties in northeastern Oklahoma and southeastern Kansas. Anaconda Energy, LLC, a direct subsidiary of Foothills has acquired one hundred percent (100%) of the membership interest in Jubilee Exploration, LLC, which is now a wholly-owned indirect subsidiary of the Company.

 

Foothills will immediately commence a return to production program focused on gas production of 139 wells located in Craig and Nowata counties, Oklahoma. The Company’s return-to-production program on these properties will consist of wellhead reconnection, facility maintenance, electrical work and flowline repair work, which is expected to deliver collective production rates of between 1.5 to 2.5 million cubic feet (“MMCF”) of gas per day for these wells. Foothills expects that natural gas production from all acquired wells can potentially be increased to about 5 to 8 million cubic feet per day (“MMCF”) within the first two years of production.

 

In addition, the 14 Jubilee-owned oil wells in Jackson and Garvin counties, Oklahoma, will also be returned to production. The Company anticipates 30-40 barrels of oil production per day from these properties combined. The Garvin County properties include three (3) drilled uncompleted wells (“DUC’s”) as part of the package. The Garvin County wells are the subject of litigation proceedings, which are in the process of being settled by the parties.

“Our natural gas-focused strategy is based on having economical, long-lived reserve assets in established basins to serve a growing nationwide demand for clean, affordable and abundant natural gas. This acquisition enhances our well inventory and overall position in the U.S. midcontinent and is complementary to our current footprint,” said Kevin J. Sylla, Executive Chairman of Foothills.

 

About the Company

Foothills Exploration, Inc. (FTXP), is an oil and gas exploration and development company focused on delivering the energy needs of today and tomorrow. The Company’s strategy is to build a balanced portfolio of assets through two core initiatives. The first initiative is to generate high-impact oil and gas exploration projects. The second is to invest in hydrogen and geothermal projects for a low carbon future through its New Energy Ventures division by identifying areas where the Company can contribute to a viable, realistic, and balanced future energy mix. For additional information please visit the Company’s website at www.foothillspetro.com.

 

Forward-Looking Statements

All statements, other than statements of historical facts, included in this release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. These statements are based on certain assumptions we made based on management's experience, perception of historical trends and technical analyses, current conditions, capital plans, drilling plans, production expectations, our ability to raise adequate additional capital, or enter into other financing arrangements to support our acquisition, development and drilling activities, anticipated future developments, and other factors believed to be appropriate and reasonable by management. When used in this release, words such as "will," “possible,” "potential," "believe," "estimate," "intend," "expect," "may," "should," "anticipate," "could," "plan," "predict," "project," "profile," "model," "strategy," "future" or their negatives or the statements that include these words or other words that convey the uncertainty of future events or outcomes, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. In particular, statements, express or implied, concerning our future operating results and returns or our ability to acquire or develop proven or probable reserves, our ability to replace or increase reserves, increase production, or generate income or cash flows are forward-looking statements.

Forward-looking statements are not guarantees of performance. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. While forward-looking statements are based on assumptions and analyses made by us that we believe to be reasonable under the circumstances, whether actual results and developments will meet our expectations and predictions depend on a number of risks and uncertainties which could cause our actual results, performance, and financial condition to differ materially from our expectations. As a result, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all) or will prove to have been correct. We have had sporadic and limited revenue and our securities are subject to considerable risk. Investors are cautioned to review FTXP’s filings with the Securities and Exchange Commission for a discussion of risk and other factors that affect our business. Any forward-looking statement made by us in this news release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future development or otherwise, except as may be required by law. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

 

Investor Contact

Christopher Jarvis

EVP of Finance

(800) 204-5510

ir@foothillspetro.com

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring FTXP is a paid for news release on Investorideas.com  More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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Vancouver, Kelowna, Delta, BC, February 24, 2023 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource, announces its weekly roundup of stocks to watch in Mining. Today’s stocks have been added to our lists of free stock directories in each sector.

 

Read this in full at https://www.investorideas.com/news/2023/main/02241Stocks.asp

 

This week’s new mining companies are involved in silver, gold, copper and phosphate mining with operations across North and Latin America as well as Australia.

 

New Stocks added to the Mining Stocks List:

Aftermath Silver Ltd. (TSXV:AAG) is a leading Canadian junior exploration company focused on silver, and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The Company's projects have been selected based on growth and development potential.

 

Collective Mining Ltd. (TSXV: CNL) is a copper, silver and gold exploration company based in Canada, with projects in Caldas, Colombia. The Company has options to acquire 100% interests in two projects located directly within an established mining camp with ten fully permitted and operating mines. The Company's flagship project, Guayabales, is anchored by the Apollo target, which hosts the large-scale, bulk-tonnage and high-grade copper, silver, and gold Main Breccia system. The Company's near-term objective is to continue with expansion drilling of the Main Breccia system while increasing confidence in the highest-grade portions of the system.

Lundin Gold Inc. (TSX: LUG) headquartered in Vancouver, Canada, owns the Fruta del Norte gold mine in southeast Ecuador. Fruta del Norte is among the highest-grade operating gold mines in the world. The Company's board and management team have extensive expertise in mine operations and are dedicated to advancing Fruta del Norte responsibly. The Company operates with transparency and in accordance with international best practices. Lundin Gold is committed to delivering value to its shareholders, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. The Company believes that the value created through the development of Fruta del Norte will benefit its shareholders, the Government and the citizens of Ecuador.

Silver Eagle Mines Inc. (CSE:SEM) is a junior exploration company with an Organic, sedimentary raw rock phosphate bed, 8 ¼ km long, 5m x 5m, in NE Nevada.  The only organic phosphate bed in North America, it is situated close to the main highway to Montello/Elko and the rail head to California.

 

TinOne Resource Inc. (TSXV: TORC) is a TSX Venture Exchange listed Canadian public company with a high-quality portfolio of tin projects in the Tier 1 mining jurisdictions of Tasmania and New South Wales, Australia. The Company controls some of the most important tin districts in Tasmania including Aberfoyle, Rattler Range and Great Pyramid. The Company is focussed on advancing its highly prospective portfolio while also evaluating additional tin opportunities.   TinOne is supported by Inventa Capital Corp.

 

Vizsla Copper Corp. (TSXV: VCU) is a Cu-Au-Mo focused mineral exploration and development company headquartered in Vancouver, Canada. The Company is focused on its flagship Woodjam project, located within the prolific Quesnel Terrane, 55 kilometers east of the community of Williams Lake, British Columbia, and has two additional copper exploration properties, the Blueberry and Carruthers Pass projects, well situated amongst significant infrastructure in British Columbia. The Company's growth strategy is focused on the exploration and development of its copper properties within its portfolio in addition to value accretive acquisitions. Vizsla Copper's vision is to be a responsible copper explorer and developer in the stable mining jurisdiction of British Columbia, Canada and is committed to socially responsible exploration and development, working safely, ethically and with integrity. Vizsla Copper is a spin-out of Vizsla Silver (TSX.V: VZLA) (NYSE: VZLA) and is backed by Inventa Capital Corp., a premier investment group founded in 2017 with the goal of discovering and funding opportunities in the resource sector.

 

Weekapaug Lithium Limited (CSE: GRUV) holds a 100% interest in the Nakina Li Property located in Northern Ontario, Canada. The Company is focused on exploring and developing its mineral properties.

 

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

 

About Investorideas.com - Big Investing Ideas

We publish breaking stock news, stock research, guest posts and create original top rated investing podcasts, plus sector tag articles featuring up and coming companies and industry leaders.  Investor Idea’s original branded content includes the Crypto Corner Podcast , Play by Play Sports Podcast , Cannabis News and Stocks on the Move Podcast ,  Cleantech and Climate Change Podcast,  Exploring Mining Podcast , Betting on Gaming Stocks Podcast and the AI Eye Podcast.  We also create free investor stock directories for AI and tech, biotech, cannabis, cleantech, crypto, defense, gaming, health and wellness, mining, oil and gas, sports and water. 

 

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Thursday, February 23, 2023

Investor Ideas #Potcasts 648, #Cannabis News and #Stocks on the Move- (CSE: $TRUL.C) (NASDAQ: $LSDI)

 



Investor Ideas #Potcasts 648, #Cannabis News and #Stocks on the Move- (CSE: $TRUL.C) (NASDAQ: $LSDI)

 

Delta, Kelowna, BC, February 23rd, 2023 (Investorideas.com Newswire), investorideas.com,  a global news source covering leading sectors including marijuana and hemp stocks and its potcast site  release today’s podcast edition of  cannabis news and stocks to watch plus insight from thought leaders and experts.

 

Listen to the podcast:

https://www.investorideas.com/Audio/Podcasts/2023/022323-Cannabis.mp3

 

Read this in full at https://www.investorideas.com/news/2023/cannabis-potcasts/02231TRUL-LSDI.asp

 

Hear Investor ideas cannabis potcast on iTunes  

 

Hear the investor ideas potcast on Spotify

 

Today’s podcast overview/transcript:

 

In today’s podcast we look at some of the major industry news highlights from last week and this week including advertising on twitter and the state of Canadian cannabis industry.

 

In a big piece of news for the cannabis industry, Twitter announced earlier last week that it will be allowing “approved” and state-legal cannabis companies and other advertisers to post ads in the U.S. for regulated THC and CBD products, accessories and services, the social media platform has disclosed.

 

“We permit approved Cannabis (including CBD– cannabinoids) advertisers to target the United States” provided a slew of conditions are met, Twitter said on its website under the heading, “Drugs and drug paraphernalia.”

 

AdCann, a cannabis marketing and advertising website based in Toronto, first reported the development in a social media post.

 

AdCann noted that, “effective immediately,” Twitter will permit “advertisers to promote brand preference and informational cannabis-related content” for certain products and services, including:

      CBD and similar cannabinoid products.

      THC and similar products.

      Cannabis-related products and services, including delivery services, labs, events and more.

 

“American cannabis companies, brands and purveyors will need to pass through a Twitter advertiser approval process to ensure they are legitimate and educated on the platform,” AdCann reported.

 

“Once approved, industry marketers will have access to Twitter’s entire suite of advertising products including promoted tweets, promoted product opportunities, location-specific takeovers, in-stream video sponsorships and partner publication features.”

 

“Cannabis is a leading topic on @Twitter and should be a big channel for #cannabis advertising, depending on the details of the program. #progress,”

Rosie Mattio, CEO of Mattio Communications, a cannabis-focused marketing and communications firm in New York City, tweeted: “Kudos to @twitter for being the first major social network to welcome Cannabis advertisements.”

 

Under its new guidelines, Twitter said that cannabis advertisers – presumably companies – will be subject to a variety of restrictions and conditions:

      “Advertisers must be licensed by the appropriate authorities, and pre-authorized by Twitter.

      “Advertisers may only target jurisdictions in which they are licensed to promote these products or services online.

      “Advertisers may not promote or offer the sale of Cannabis (including CBD– cannabinoids). Exception: Ads for topical (non-ingestible) hemp-derived CBD topical products containing equal to or less than the 0.3% THC government-set threshold.

      “Advertisers are responsible for complying with all applicable laws, rules, regulations, and advertising guidelines.

      “Advertisers may not target customers under the age of 21.”

 

 

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) became the first multi-state operator in the cannabis industry to launch an advertising campaigns on Twitter.

 

"Trulieve is very excited and encouraged by Twitter's decision to update its policies and allow cannabis companies to advertise across the platform," said Gina Collins, Trulieve's Chief Marketing Officer. "Having a global social media platform recognize our industry is another step forward in the normalization of cannabis in the U.S. We proudly launched a multi-state advertising campaign today to become the first company in the cannabis industry on Twitter. As state-by-state cannabis regulations inform how operators can participate in the advertising space, we expect to follow in other legally approved states."

Trulieve Chief Executive Officer Kim Rivers said on Twitter: "On behalf of #Trulieve and the entire #CannabisIndustry THANK YOU to @elonmusk for this historic #PolicyChange & partnership. The opportunity to advertise on #Twitter means reaching more individuals & raising more awareness of the benefits of #cannabis. Onward!"

 

 

In other recent news, last week five Canadian cannabis sector CEOs joined a press conference, organised by the Cannabis Council of Canada, Wednesday on Parliament Hill to discuss the extent of layoffs and facility closures in the industry.

 

"You're hearing from producers here today because we as growers and manufacturers sit at the heart of the cannabis supply chain," said President and CEO of British Columbia company Pure Sunfarms, Mandesh Dosanjh. "We need to be healthy in order for the whole system to thrive but that's not reality. Producers stand here in peril. Canadian cannabis is in peril."

 

High excise taxes have been one of the biggest challenges for businesses, the CEOs said in Wednesday’s press conference, adding the 2.3 percent excise tax rate has become too costly, particularly after a year of increased inflation rates.

Jonathan Wilson, CEO of New Brunswick company Crystal Cure, called for the federal government to reconsider the tax rate as he says it's not only pushing away current businesses but eliminating the path for new producers to enter and grow the sector.

"It's not only a significant burden for producers like us, but it's a barrier of entry for new producers to come into the legal market," Wilson said.

 

"We're paying a regulatory fee, which was premised on a profitable industry, which tobacco and alcohol don't pay," President of the Cannabis Council of Canada, George Smitherman said Wednesday.

 

A 2022 report found that Canadians investing in cannabis businesses collectively lost more than $131 billion. Industry leaders said they built their business on the federal government's promises for a profitable industry but now that profits are shaking, they're hoping for immediate action.

 

"What happened to Smiths Falls can happen to any entity in Canada," CEO of Truro Cannabis, Leonard Walter, said. "There [are] federal and provincial regulations that both need to be worked on. There [are] solutions, we just need folks talking."

 

After a nearly 12-month delay, Health Canada announced in September 2022 it would be conducting a legislative review of the Cannabis Act.

 

Smitherman said while there has been data collected and surveys created to increase awareness on the problems in the industry, he hopes it'll be enough to be taken into consideration ahead of the 2023 budget.

 

In related news, The Ontario Cannabis Store announced that it will be reducing its price margins in a bid to help pot retailers compete with the illicit market.

 

The OCS estimates the move will put $35 million back in the hands of licensed pot companies this fiscal year and $60 million in the 2024 fiscal year. The OCS expects these amounts to compound annually in the years thereafter as the legal cannabis market grows.

 

The margin reduction will come from a fixed mark-up for each product category that will be standard for all producers and applied as a percentage above each product's landed costs, which already take into account producers' margins and excise taxes.

 

The margin drop was largely triggered by the strength of the illicit pot market, which still made up 43 per cent of Ontario's cannabis market last March.

 

"This announcement will allow producers to better compete with the illicit market, particularly when it comes to dried flower," said Charlie Bowman, chief executive and president of licensed producer Hexo Corp. in an email.

 

"This is an important step in giving Canada's cannabis companies the upper hand over illegal producers."

 

The average price for cannabis was $11.78 per gram at the start of 2019, shortly after legalisation, but fell to $7.50 per gram in 2021, a November report from Deloitte Canada and cannabis research firms Hifyre and BDSA said.

 

The average price for vape cartridges has similarly fallen by 41 per cent from $32.02 per gram around legalisation to $19 per gram a year later.

 

In other news from Canada, Green Party Leader Elizabeth May says she wants Canada to consider expanding access to psychedelic drugs as medical treatments.

 

On Tuesday, May and other MPs joined a delegation of patients and health-care practitioners who are trying to lobby the federal government to make psilocybin -- the psychedelic compound produced by magic mushrooms -- more readily available.

 

The group is calling on lawmakers to advance clinical trials to better understand how the substance could be used for medical treatment of some mental disorders, such as depression and anxiety.

 

Psilocybin is listed under the Controlled Drugs and Substances Act and its medical use is restricted to people taking part in clinical trials or those who get an exemption.

 

"We need to do more research," May said at a news conference.

"But to get that research done, we need to make access available to patients whose doctors are there to help them with registered therapists who know how to administer psilocybin."

 

May said the federal government should expand access to psilocybin before Canada's assisted-dying laws are expanded to include eligibility for people whose sole underlying condition is a mental disorder. A Liberal bill to delay the expansion until March 2024 is expected to receive unanimous support in the House of Commons.

 

Over the next year, May said, Canada should "accelerate our research efforts" to see whether psilocybin can be used as a treatment for people who are suffering because of mental illness.

 

In relation to that news, Lucy Scientific Discovery Inc. (NASDAQ:LSDI), an early-stage psychedelics manufacturing company that is focused on becoming the premier research, development, and manufacturing organization for the emerging psychotropics-based medicines industry, announced last week that it has filed an amendment to its current Dealer’s License with Health Canada to add cocaine and heroin, among others to the list of approved substances that it is authorized to manufacture.

 

The shift toward a public health response to the drug crisis will provide greater opportunities for people who use substances to connect with a growing range of harm reduction and treatment options. Currently, Lucy focuses on the development of psychedelic drugs for research purposes and hopes to supply safe access programs in the future. The Company has licenses to manufacture several controlled substances, including Psilocybin; MDMA; LSD; Psilocin; N,N-DMT; Mescaline; and 2C-B.

 

“We look forward to a time when Lucy can safely supply harm reduction programs globally, aiming to reduce lethal and or negative consequences associated with adulterated drug supply, particularly considering that fentanyl overdose is the leading cause of deaths among 18 to 45-year-olds in the United States,” said Chris McElvany, the Company’s CEO. “It’s time to realize that the failed war on drugs has caused additional harm to the masses worldwide, and harm reduction programs will lead to less death and more treatment options in the long term.”

 

Following its IPO, Lucy believes that it is well-positioned to continue positively impacting the field of psychedelic medicine.

 

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