Top Mushroom Stocks Sprouting on the Health and Witness Trend

Now more than ever, millions of people are focused on their health and wellness. It’s why many are turning to healthier foods, such as functional mushrooms, which are full of anti-oxidants and defense from autoimmune issues. In fact, according to Mordor Intelligence, “A number of scientific studies have confirmed the ability of functional mushrooms and mushroom-derived supplements to increase the effectiveness of both innate and adaptive immune systems. The market is expected to experience huge demand for Reishi and Cordyceps, followed by the other types of medicinal mushrooms.” Some of the companies benefiting from functional mushroom demand include Psyched Wellness (CSE:PSYC)(OTC:PSYCF), HAVN Life Sciences (CSE:HAVN)(OTC:HAVLF), Halo Collective Inc. (NEO:HALO)(OTC:HCANF), Numinus Wellness Inc. (TSXV:NUMI)(OTC:LKYSF), and Compass Pathways Inc. (NASDAQ:CMPS).

In addition, according to Natalie Rizzo, M.S., RD, as quoted by Bicycling, “Many of the functional kinds of mushrooms, like Chaga or Lion’s Mane, are thought to have more antioxidant properties and are often turned into supplements. Functional mushrooms are used in Eastern medicine as a way to decrease the likelihood of diseases.”

Psyched Wellness Just Signed a Supply Agreement for Amanita Muscaria

Psyched Wellness Ltd. (CSE:PSYC)(OTC:PSYCF) a life sciences company focused on the production and distribution of artisanal functional and psychedelic mushrooms, is pleased to announce the Company has entered into a two year supply agreement with MB MEMEL GOODS, a Lithuanian company owned and operated by principals with over fifteen years of expertise, experience and know-how in gathering, processing and distributing various wild mushrooms, including Amanita muscaria and Chaga, and wild berries. The Supply Agreement provides for an initial supply of 200kg of Amanita muscaria dried mushroom caps.

It is currently anticipated that the Initial Supply will be picked between September and December 2021 and be delivered intermittently to the Company over the four month period. The Company intends to use the Amanita muscaria dried mushroom caps as raw material for the AME-1 extraction process.

“We have sampled and tested a number of different suppliers from around the world and believe that MB MEMEL GOODS provides us with the highest potency and best quality product”, said David Shisel COO of Psyched Wellness. “After preforming various tests and trials, we are confident that the raw material that we will receive from MB MEMEL GOODS will help us more towards AME-1 commercial production.”

Other related developments from around the markets include:

HAVN Life Sciences, a biotechnology company…