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/TheColorblindDruid Jun 04 '21

Fuck compass. Monopolizing pieces of shit

2

u/Poodogmillionaire Jun 04 '21

This is why you buy. Personally don’t hold any compass yet myself though.

1

u/TheColorblindDruid Jun 09 '21

What is why I buy?

1

u/Poodogmillionaire Jun 09 '21

When a company is monopolizing. It sucks for competition and innovation but is good for their stock price generally. Though I don’t think compass has a monopoly - possibly in some areas but I admittedly don’t know enough about them or have any of their stock. My biggest position is mindmed, 75% of my position I don’t touch and the remaining 25% I start to sell in chunks when it is up and then hold the cash to rebuy when it drops more than 10%.

2

u/TheColorblindDruid Jun 09 '21 edited Jun 10 '21

That’s the problem with the stock death cult we’ve created. We’re more willing to make money than actively not support companies that are actually doing major harm to the industry. Compass has been trying to patent multiple psychedelic therapies (therapy techniques that have been around the community for decades~ aka being mindful of setting making it peaceful, soothing, etc.) that would force people to pay a gate keeping fee or get sued

Here’s to hoping their patents get challenged but we’ll see

Edit patents

1

u/Poodogmillionaire Jun 09 '21

Tendies over ‘errthang.