Let’s take a quick look at some of the latest announcements made by psychedelic companies over the past week. We promise you’ll be notified in less time than it takes to brew a cup of coffee.
New standardized Magic Mushroom Microdosing Capsules by Red Light Holland and partner CCrest Labs
Ontario-based psychedelic mushroom producer Red Light Holland Corp. trough cGMP license from Health Canada based in Montreal, partner 3000 grams (or 3 kg) of natural psilocybin truffles from the Netherlands for the manufacture of standardized powders for microdosing capsules Received approval to import directly to CCrest Laboratories.
The capsules contain a total of 0.5 mg of psychoactive substance, a combination of psilocybin and psilocin, and are packaged in bottles of 20 capsules.
Red Light’s psilocybe Truffles are manufactured and tested to quality control requirements, including test dosages, certificates of analysis and stability, and child-safe safe bottles.
Core One Labs Acquires GMP Drug Inc.: Establishing Position as Full-Cycle Psychedelic Supply Chain Solutions for Clinicians, Researchers and Other Drug Developers
Life Science Psychedelic Biotechnology Core One Lab CLABF acquired GMP Drug Inc., a private company that operates facilities in Ontario, for a total of $2 million (2.8 million Canadian dollars).
With this new business, Core One expects to facilitate the operations of its subsidiaries – see Awakened Biosciences and Vocan Biotechnologies – through access to its facilities and equipment, to produce GMP Active Pharmaceutical Ingredients (APIs). Obtain a license to manufacture and expand the scope of manufacturing and research. Grade compounds (including those based on hallucinogens contemplated under the Canada Controlled Substances and Substances Act)
More specifically, the facility holds a CDS dealer license, meets all GMP requirements under the Canadian Food and Drug Regulations, and also possesses a US FDA facility registration. All of these will allow Core One to act as a producer, manufacturer, distributor and exporter of psychedelic compounds to licensed parties within Canada and will enter into a concession agreement by November 30, 2023. We may further expand these services until .
Optimi Health expands sales network for functional mushrooms with Purity Life Health Products, Amazon and Holt Renfrew
Mushroom producer, Optimi Health Corp. OPTHF is expanding its distribution network of Optimi Life functional natural products in Canada through experienced distributors as well as additional online and brick-and-mortar retailers nationwide.
The company selected M2 Brand Management as its exclusive domestic retail broker and signed a distribution agreement with Purify Life Health Products. AMZN Upcoming online stores and 6 Holt Renfrew retail stores and 1 online store across Canada by February 2023.
Ketamine Service Provider Mindbloom and This is Jane Project Bring Affordable Home Therapy to Trauma Survivors
New partners are ketamine therapy provider Mindbloom and the Jane Project, a nonprofit community of women and nonbinary people. They offer in-home psychedelic treatments and education to members of their organization at discounted prices.
The idea of a partnership was born after Jane Project leaders personally experienced Mindbloom’s program and then wanted to increase access for members of the community.
Mindbloom Founder and CEO Dylan Beynon’s personal story made him aware of a new treatment. “When trauma led my mother and sister to severe mental illness and the treatments available to them failed, we both lost them.”
Photo: Benzinga edited with photos by Geralt and Sergei Tokumakov from Pixabay.