Sacred Medicine Meets Wall Street: Legal Peyote Company Will Trade On Canadian Market

Lophos Holdings Inc., owner of a biosciences business licensed for the cultivation, research and sale of Peyote and other controlled substances, has received approval for the listing of its common shares on the Canadian Securities Exchange (CSE). 

The company expects to start trading on the CSE around September 6, 2023, under the ticker symbol "MESC".

The company, whose main business is the indoor cultivation, research and sale of Lophophora williamsii -aka Peyote cactus, holds a Canadian Controlled Substances Dealer’s License enabling it to sell the psychedelic through an exemption to the country’s Controlled Drugs and Substances Act. It can also sell on international markets including the Czech Republic, Netherlands, Peru, Portugal, Slovenia, Sweden, Thailand, Ukraine, the U.K., Germany, and the U.S. for indigenous and religious use.

See Also: How Native Americans Successfully Use Ayahuasca, Peyote And Other Psychoactive Substances For Healing

“We are thrilled to introduce our mission to the public markets through a direct listing on the CSE," said CEO Claire Stawnyczy. “We are looking forward to the future of the psychedelic industry and are excited for the tremendous positive impact Lophos Pharmaceuticals Corp. will have on the availability of legal psychedelics in Canada.” 

See Also: Canada Vs. US: Surveys Reveal How People Use Psychedelics, Relationships With Healthcare Providers

Stawnyczy views the listing as an important step toward realizing Lophos’ dual mission of advancing novel mental health therapies while “establishing a sustainable and ethical source for a sacred traditional medicine."

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Photo: Benzinga edit with photo by Zita and canadastock on Shutterstock.