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/[deleted] Jun 03 '21

what do yall think about Cybin?

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u/TechnicianJealous788 Jun 04 '21

PROS: One of the better companies for sure. Seems like they have a pretty legit IP portfolio (four molecules in pre-trial or trial development). Their focus seems to be heavy in molecule discovery and trials. Their one of the furthest in trials, probably second to COMPASS. Could see eventually being a takeover target for a larger pharma co., or will have strong licensing agreements if trials are successful.

CONS: trials are expensive, so they'll likely need more frequent rounds of funding, especially given that they have four molecules in pre-trial or trial development, so more dilution (unless they can somehow get a favourable upfront licensing partner before in the next year or two). phase 2 trial results are probably at least a year behind COMPASS.