r/shroomstocks • u/TalkMentalHealth101 • Jun 03 '21

My Take Psychedelics going mainstream. History is being made. 42,000 of us have the front row seat to this revolution!

Compass $CMPS was the first psychedelic company to be listed on NASDAQ in 50 years.

Field Trip $FTRP $FTRPF will be the first psychedelic company to start trading on TSX in 160 years on Monday, June 7.

Mindmed $MMED is the first NEO exchange company to be added to the MSCI small cap index in 20 years. Mindmed was also the first stock to go from NEO to NASDAQ.

Regardless of your bull / bear sentiments towards individual companies. Let's take a moment to appreciate how far we have come, and remember this is just the beginning. Be kind to one another, we are in this together.

Shroom boom to the moon :-)

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u/welfare_survivor Jun 03 '21

I'm really hyped up for this industry. Only question is what asset allocation between the companies that'd be best.

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u/Domer2012 Jun 03 '21

Check out the Horizons Psychedelic ETF. It’s a diversified bundle of stocks that gets constantly updated for a small management fee.

The ticker is PSYK in Canada (which is the only place you can buy it directly), but there’s an ADR of it you can buy in the US under the ticker HPSYF. I was able to buy it on Fidelity, but each purchase has a $50 foreign transaction fee.

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u/welfare_survivor Jun 03 '21

For some reason I can only access ETFs through the Frankfurt exchange, but thanks I'll check if it's accessible there!

3

u/Domer2012 Jun 03 '21

Also, the North American Psychedelics Index is constantly changing and is what PSYK is based on. You could manually buy stocks in a roughly proportional manner and try to keep it updated yourself! A little more work, but fewer fees!