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Follow the Money - Danny Motyka, Psychedelics - Exploring the Business Model
Collisions YYC
English - June 09, 2022 13:54 - 37 minutes - 42.7 MB - ★★★★★ - 1 ratingBusiness News Business News calgary alberta technology business leadership marketing entrepreneurship entrepreneur western canada investment Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
After the Canadian legalization of cannabis, psychedelics are now a hot topic in the world of investing, with many people expecting big things from the industry. However, it is still a very speculative industry with no concrete market for psychedelics. This can make raising capital for a psychedelic plant medicine manufacturing facility quite challenging. And, historically, biotech companies have been focused in Toronto and Montreal, but Psygen is attracting investors to Western Canada - this is due in part to the enthusiastic psychedelic scene on the west coast. Psygen is also working with the University of Calgary to create Canada’s most prestigious psychedelic research hub to attract even more investment.