Peak Asset Management hosted an online forum for investors to learn about the opportunity attached to Australia’s psychedelics sector.

As the promise of psychedelic investments expands in North America, Australian investors are getting a tease on what could be coming down the line.

Last Friday (June 19), market participants were treated to presentations from three participants in the quickly growing psychedelic drug industry. The event was hosted by Melbourne-based investment and portfolio management firm Peak Asset Management.

The online presenters included: Peter Hunt, chairman of Mind Medicine Australia; Jonathan Gilbert, CEO and director of Eleusian Biosciences; and Steve McAuly, chairman and CEO of Empower Clinics (CSE:CBDT,OTCQB:EPWCF).

Gilbert started by breaking down his heavy involvement in the alternative drug market, telling the audience that Eleusian isn’t his first foray into psychedelics.

Before his latest venture, Gilbert was involved as CEO of Tassili Life Sciences, a psychedelics research firm. Tassili went on to be acquired by Champignon Brands (CSE:SHRM,OTCQB:SHRMF) earlier this year.

Similar to Gilbert’s former venture, Eleusian is a research-focused operation investigating the medical benefits of psychedelic compounds. But unlike Tassili, Eleusian will become a public entity by way of an all-hands acquisition deal with GreenStar Biosciences (CSE:GSTR,OTC Pink:GTSIF).

When asked about the potential for a listing in the Australian markets, Gilbert said it would be worth exploring in the future, although he didn’t confirm an official announcement.

From an advocacy perspective, Hunt spoke at length about the current opportunity attached to the medical use of psychedelics in Australia as an alternative to treat various mental health conditions.

As per official data shown by Hunt, one in five Australian adults deals with a chronic mental illness, or about 4.8 million people. Based on a draft report by the Australian Productivity Commission, the total cost of mental illness and suicides to the Australian economy in 2019 was an estimated AU$180 billion.

Mind Medicine Australia, which has no relation to Mind Medicine (MindMed) (NEO:MMED), a public Canadian firm bearing the same name, is a non-profit group seeking to advance the conversation on psychedelics as a viable medicine alternative for patients.

Hunt said while there is currently no university-sanctioned research being done in the country around psychedelic compounds, such as psilocybin and MDMA, Mind Medicine Australia hopes to announce a critical partnership in the near future.

As the last presenter of the session, McAuly broke down how his firm has focused on an expansion into psychedelics; the firm primarily operates as a cannabidiol (CBD) product manufacturer in the US.

Empower Clinics manages a network of health and wellness clinics in the US, offering an array of products and services. Earlier in 2020, the firm launched a venture into psychedelics dubbed Dosed Wellness. The move followed a partial rights stake purchase for the independent documentary film DOSED, which follows the recovery path of a woman using mushroom medicine.

Investor takeaway

As Hunt indicated, the Australian market is in the very early stages in terms of availability and acceptance of psychedelic investments. However, it’s unquestionable that this investment trend is starting to expand across the globe.

Don’t forget to follow us @INN_Australia for real-time news updates!

Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

Medlab Clinical Ltd Executes Master Services Agreement with WEP Clinical Ltd

Sydney, Australia (ABN Newswire) – Medlab Clinical Ltd (ASX.MDC), an Australian biotech using delivery platforms to enhance medicines is pleased to announce the execution of a Master Services Agreement (MSA) with WEP Clinical Ltd (WEP) for the exclusive development and delivery of Named Patient Programmes relating to the unlicensed supply of its proprietary NanaBis(TM) and NanoCBD(TM) to patients in the UK and Europe.

This Master Services Agreement is the first partnership for Medlab to supply their cannabinoid medications outside of its current Australian Special Access Scheme.

Dr Sean Hall, CEO of Medlab stated, “This is a major milestone for Medlab to begin supplying NanaBis(TM) and NanoCBD(TM) on prescription for the first time to patients outside Australia.”

Keep reading... Show less

Investing in Lithium in Australia

After the country became the world’s largest lithium producer in 2018, many market participants are wondering if investing in lithium in Australia is a good option

Without a doubt, the energy revolution is here to stay, with forecasts for electric vehicle (EV) sales increasing every day. As a result, demand for lithium, a key element in the lithium-ion batteries used to power electric cars, is expected to triple by 2025 — reaching about 1 million tonnes in size.

Keep reading... Show less

When Will Australia Legalise Recreational Cannabis?

Recreational cannabis remains illegal in all Australia’s states and territories with the exception of the Australian Capital Territory (ACT). But could that change in the future?

So far there are no clear indicators as to when or if Australia could legalise recreational cannabis, but attitudes seem to be changing. Public support is growing, and there’s even some political acceptance.

Read on to learn more about when Australia may legalise recreational cannabis.

Keep reading... Show less

A State-by-State Guide to Cannabis in Australia

Australia made waves when it federally legalised medicinal cannabis in 2016, and its marijuana market has experienced significant growth since then.

A study from FreshLeaf Analytics pegs Australian medical market sales at AU$95 million in 2020, while research firm Prohibition Partners indicates that Oceania’s cannabis industry is expected to be worth US$1.55 billion by 2024; medicinal cannabis is expected to account for 40 percent of the industry.

Despite that growth, the country’s cannabis industry is still young. Recreational use is not yet in sight, and even medical access remains limited and highly regulated.

Keep reading... Show less

Medlab Clinical Ltd Executes Master Services Agreement with WEP Clinical Ltd

Sydney, Australia (ABN Newswire) – Medlab Clinical Ltd (ASX.MDC), an Australian biotech using delivery platforms to enhance medicines is pleased to announce the execution of a Master Services Agreement (MSA) with WEP Clinical Ltd (WEP) for the exclusive development and delivery of Named Patient Programmes relating to the unlicensed supply of its proprietary NanaBis(TM) and NanoCBD(TM) to patients in the UK and Europe.

This Master Services Agreement is the first partnership for Medlab to supply their cannabinoid medications outside of its current Australian Special Access Scheme.

Dr Sean Hall, CEO of Medlab stated, “This is a major milestone for Medlab to begin supplying NanaBis(TM) and NanoCBD(TM) on prescription for the first time to patients outside Australia.”

Keep reading... Show less

When Will Australia Legalise Recreational Cannabis?

Recreational cannabis remains illegal in all Australia’s states and territories with the exception of the Australian Capital Territory (ACT). But could that change in the future?

So far there are no clear indicators as to when or if Australia could legalise recreational cannabis, but attitudes seem to be changing. Public support is growing, and there’s even some political acceptance.

Read on to learn more about when Australia may legalise recreational cannabis.

Keep reading... Show less

A State-by-State Guide to Cannabis in Australia

Australia made waves when it federally legalised medicinal cannabis in 2016, and its marijuana market has experienced significant growth since then.

A study from FreshLeaf Analytics pegs Australian medical market sales at AU$95 million in 2020, while research firm Prohibition Partners indicates that Oceania’s cannabis industry is expected to be worth US$1.55 billion by 2024; medicinal cannabis is expected to account for 40 percent of the industry.

Despite that growth, the country’s cannabis industry is still young. Recreational use is not yet in sight, and even medical access remains limited and highly regulated.

Keep reading... Show less

Australian Cannabis: Forecasts, Analysis and Expert Advice

Are you ready to start investing in Australia’s growing cannabis market?

Dive right in with our FREE Special Report, Australian Cannabis: Forecasts, Analysis and Expert Advice

Keep reading... Show less

Cannabis in the ACT: The Market a Year Post-Legalisation

It’s been just over a year since recreational cannabis was legalised in the Australian Capital Territory (ACT), home to the nation’s capital city of Canberra.

Announced on September 25, 2019, and brought into effect on January 31, 2020, the rules make it legal to possess and personally use small amounts of cannabis.

Keep reading... Show less

Top News

Related News