Psyched Wellness Provides Update On Pre-Clinical Trial of Its Muscimol Extract AME-1
New industries are being formed every few months and if investors are to get in early into potentially fast-growing industries at the starting point then it is necessary to be as well informed as possible.
There are a lot of resources on the internet that can help in this regard and over the past months, the YouTube channel Rich Tv Live has emerged as a reliable source of information.
In its latest video, the Rich Tv host showcased the company Psyched Wellness (CSE:PSYC) OTCQB:PSYCF) (FRANKFURT:5U9), which is involved in producing and distributing functional as well as psychedelic mushrooms. It is an up-and-coming industry that could eventually have considerable upside, which is possibly the reason why Psyched Wellness was covered by Rich Tv.
More importantly, the channel also got the Chief Executive Officer Jeff Stevens to participate in a chat and he laid out the aims of the company quite succinctly. It is a video that could be a great introduction for investors into the workings of Psyched Wellness.
On the other hand, there was an important development with regards to the company on Wednesday as well and that makes the timing of the video quite crucial. The company announced yesterday that it received the results from the Maximum Tolerance Dosage study that had been conducted into its product recently.
The study was conducted by a CRO in Canada. Jeff Stevens stated that the results were positive. He went on to state that it means that Psyched Wellness is now a step further in its goal of applying to the United States Food and Drug Administration for a New Dietary Ingredient license.
In addition to that, the company is also going to apply to the Canadian regulatory authority Health Canada in order to get a Natural Health Product Number. Hence, it goes without saying that the latest set of positive results marks a massive development for Psyched Wellness.
The company is trying to become one of the major players in the still-nascent psychedelic-based medicine and wellness industry. Stevens was quite forthright about his views regarding the future of the industry in general and the company in particular. Interested investors could consider going through the video on YouTube.
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