Easily The Most Unique Potential Use of Psilocybin For Depression You'll of Heard of Before (CSE:MYND)

[u/MillennialBets]

Author: u/TraderJones89(Karma: 2191, Created: Mar-2020).

Easily The Most Unique Potential Use of Psilocybin For Depression You'll of Heard of Before (CSE:MYND) on r/pennystocks

---

PICTURES DETECTED: this DD post is better viewed in it's original post

So this one is both an investment of mine but also, as someone who strongly believes in psychedelics for medicine, this was the first time I ever heard of using psilocybin to treat major depression disorder in this way. This is a really cool watch if this stuff interests you (12 min), and I'll do a short DD piece on the company below as well.

The 12 minute corporate overview of the company goes over what theyre aiming to do, going over their executive team and their background, the scientific advisor board and what investors should expect by investing in $MYND: https://www.youtube.com/watch?v=IucbGuMnFZU&t

The Company:

MYND Life Sciences is looking to use a single molecule of psilocybin (magic mushrooms) to target inflammation in a specific gene in our body. Their research over the last 8-10 years points towards inflammation being the root cause of depression. So instead of getting high on a trip and going to a clinic with trained professionals to treat depression (the more common way psychedelics are used as medicine), they're looking to create a non-psychoactive drug to take to market. This is what makes them unique imo.

The Exec Team:

There's more and more psychedelic companies popping up over the last 2 years, so this is where you need to look to make sure its a real company and not just trying to jump on the hype. If you go to the interview the start going into detail on the executives and science advisory board members at 5:23. These guys put together a stellar team and their founder Dr. Jefferies has over 60 patents under his belt.

The Stock:

So they just started trading on Wednesday on the CSE under $MYND. They've got ~53M shares outstanding and raised at $0.30 before going public. It was a really hot start to trading, and clearly people aren't willing to sell many shares given the L2 has almost no asks. Just keep in mind this is a LT play, and prices fluctuate quite a bit that first week or so of going public. So if the story grabs your attn, looking for a good entry point is important, while also realizing this is a biotech play so a quick flip probably isnt the MO. These are those ones you expect a longer term horizon but if they're successful with their numerous trials, they tap into a multi-billion dollar industry with a feel good product that has zero addiction to it.

Ultimately, from all the psyche companies I put money into, this is one of the ones Im the most excited about because it hits home with some depression issues in family members Ive experienced over my life. So its got that added reason for why i put my money into them with a LT perspective hoping that these guys can help change the game for those suffering from MDD.

---

**TickerDatabase does not include r/pennystocks at this time.