Psyence Group logo — Psyence Group sets the global standard for natural psychedel...

Psyence Group

Psyence Group sets the global standard for natural psychedelics

Founded 2019 Canada Toronto, Canada 7 employees Post Ipo Equity Total: $30.54M Biotechnology, Health Care +2

General Information

Company Name Psyence Group
Founded Year 2019
Location Canada Toronto, Canada +7
Employees 7
Industries Biotechnology, Health Care, Health and Wellness +1
Funding Stage Post Ipo Equity
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About Psyence Group

Psyence Group, with its slogan "Psyence Group sets the global standard for natural psychedelics," is a pioneering player in the biotechnology sector, focusing on the use of natural psilocybin for mental health and well-being, particularly in palliative care contexts. Founded in 2019, the company is making significant strides towards redefining treatments for mental health through cutting-edge life science innovations.

The company, headquartered in Canada, holds a unique position thanks to its federally licensed psilocybin cultivation and production facility in Southern Africa, one of the first of its kind. This strategic advantage allows Psyence to operate across multiple legal jurisdictions, enhancing its global footprint within the Biotechnology, Health Care, Health and Wellness, and Life Sciences industries.

Psyence is publicly traded on both the Canadian Stock Exchange (CSE) under the symbol PSYG and the US OTCQB® Venture Market under PSYGF. Its capability to attract substantial investment was evident with the latest $25.00M Post-IPO Equity investment from WHITE LION CAPITAL on 31 July 2024, underscoring investor confidence in its business model and future prospects.

Taxonomy: Psychedelics, Clinical-stage, Psilocybin, Mental health, Palliative care, Cultivation, Production facilities, Global operations, Life science, CSE listed, OTCQB listed, Southern Africa, Legal jurisdictions, Commercial

Services & Products

Development of psilocybin products
Creation of treatment protocols for mental health
Production of functional mushroom wellness products

Target Customers

Individuals with mental health disorders Patients requiring palliative care Healthcare providers in clinical settings

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Post-IPO Equity •••••• 1 •••• •••• 31 Jul 2024
Post-IPO Equity •••••• 1 •••• •••• 23 Mar 2023
Post-IPO Equity •••••• - 15 Dec 2022
Post-IPO Equity •••••• 1 •••• •••• 10 Nov 2022
Post-IPO Debt •••••• - 02 Dec 2021

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FAQ About Psyence Group

Psyence Group sets the global standard for natural psychedelics
Psyence Group was founded in 2019.
Psyence Group is headquartered in Toronto, Canada.
Psyence Group operates in the following industries: Biotechnology, Health Care, Health and Wellness, Life Sciences.
Psyence Group has approximately 7 employees.
Psyence Group has completed 5 funding rounds, raising a total of $30.54M. The latest funding stage is Post Ipo Equity.
Psyence Group offers: Development of psilocybin products, Creation of treatment protocols for mental health, Production of functional mushroom wellness products.
Top alternatives and competitors to Psyence Group include PharmaTher Holdings Ltd. (CSE: PHRM) (OTCQB: PHRRF), GMV Minerals Inc., Viva Gold Corp. (TSXV: VAU) (OTCQB: VAUCF) , Gold Basin Resources Corporation - TSXV: GXX, OTCQB: GXXFF, Vocan Biotechnologies. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Psyence Group and PharmaTher Holdings Ltd. (CSE: PHRM) (OTCQB: PHRRF) are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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