DENVER, March 01, 2021 (GLOBE NEWSWIRE) — Mydecine Innovations Group (CSE: MYCO) (OTC: MYCOF) (FSE: 0NFA) (“Mydecine” or the “Company’), an appearing biopharma business in the life sciences category devoted to the study and development, manufacturing, and acceptance of alternate nature-sourced medication for conventional usage, has completed the world’s very first international appropriate export of dried psilocybin mushrooms.
In December 2020, the organization announced the conclusion of its very first commercial harvest of 20 kilograms (44 pounds) of psilocybin mushrooms at an exclusive research that is mycology-focused cultivation facility in Jamaica. The first shipment of the harvest has now been received at Mydecine’s Canadian Current Good Manufacturing Practice (CGMP) facility, which has a Health Canada Schedule 1 license that is dealer’s to it, making it possible for appropriate import/export, research and development, cultivation, item development, and commercial purchase of active psychedelic medicinal substances.
“This milestone is significant to your 2021 objectives once we can now access an excellent supply of essential item for both our personal research purposes, along with give CGMP psilocybin that is naturally-derived sell and transfer to other licensed research facilities around the globe. Our team has spent time that is significant with different federal government agencies to produce and develop sound protocols to make sure a smooth movement of biomass that is in complete conformity along with federal guidelines. Here is the very first and only solidified supply that is commercial of psilocybin mushrooms and we believe this supply chain will open up many doors to potentially collaborate and participate in initiatives that we find potentially promising,” said Joshua Bartch, CEO and Chairman of Mydecine. “We have made progress that is significant obtaining the very first IND quantity on a 99.9per cent pure psilocybin item that the artificial type mimics. We think our natural-sourced psilocybin, that is both considerably less expensive and much more efficient compared to the form that is synthetic will prove to be a better overall option to meet the current market demand as well as voids any and all potential patent claims. This marks a milestone of fulfilling on the promise of creating a fully vertical and uninterrupted supply that is global.”
“In probably the most powerful psychedelic mushrooms, psilocybin is usually just around 1percent of its total mass. This means up to 99percent associated with the mushroom comprises vegetative matter plus other prospective active compounds that are medicinal. At our lab, we have already discovered multiple other active compounds separate from psilocybin and psilocin from just our initial mushroom analysis that is psychedelic. In relation to our initial studies, we believe this can have significantly more effective outcomes than simply single-molecule psilocybin that is synthetic. This supply chain will give us unrestrictive access that is scalable many forms of unique psychedelic mushroom species indigenous to Jamaica. This would notably increase our development and research and production efforts with some of the best types of mushrooms that we know of,” said Damon Michaels, Mydecine’s Co-Founder and Chief Operating Officer.
He continued, “Throughout history we have seen many historical instances involving the use of psychedelic medicine, more so the use of psychedelic mushrooms to be used as safe and effective medicine that is therapeutic assist in improving psychological accidents or expand a person’s general awareness. Today we’re able to simply take this form that is ancient of medicine and pair it with modern technology to better understand its active ingredients and how they specifically interact with the brain and body to produce the best, most controllable and beneficial results possible. For Mydecine to be able to create the world’s first legal supply that is global of nature-sourced psilocybin not to just satisfy its very own requirements, but to provide to many other certified research businesses, universities, and medical facilities across the world, develop to finally break the barrier of stigma which help individuals obtain conventional use of this sacred medication and transform it back to a conventional therapy.”
About Mydecine Innovations Group
Mydecine Innovations Group™ (CSE: MYCO) (OTC:MYCOF) (FSE:0NFA) is an emerging biotech and life sciences business specialized in developing and commercializing revolutionary solutions for dealing with psychological health issues and vitality that is enhancing. The company’s world-renowned medical and scientific board that is advisory building away a robust R&D pipeline of nature-sourced psychedelic-assisted therapeutics, novel substances, treatment protocols, and unique distribution systems. Mydecine has access that is exclusive a full cGMP certified pharmaceutical manufacturing facility with the ability to import/export, cultivate, extract/isolate, and analyze active mushroom compounds with full government approval through Health Canada. Mydecine also operates out of a state-of-the-art mycology lab in Denver, CO to focus on genetic research for scaling cultivation that is commercial of (non-psychedelic) medicinal mushrooms.
At one’s heart of Mydecine’s core philosophy is psychedelic-assisted psychotherapy continues to gain acceptance within the medical community with most of the world’s most readily useful accredited research businesses showing its remarkable effectiveness that is clinical. Mydecine recognizes the responsibility associated with psychedelic-assisted therapy and will continue to position itself as a long-term leader across the spectrum of clinical trials, research, technology, and supply that is global. Mydecine has additionally successfully finished acquisitions that are multiple its inception.
Learn more at: https://www.mydecine.com/ and follow us on Facebook, Twitter, and Instagram.
On behalf of the Board of Directors:
Joshua Bartch, Chief Executive Officer
Charles Lee, Investor Relations
For further information about Mydecine Innovations Group, Inc., please visit the Company’s profile on SEDAR at www.sedar.com or visit the Company’s website at www.mydecine.com.
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