Psyence Group Inc. (CSE: PSYG | OTCQB: PSYGF) has successfully exported psilocybin mushrooms to Psilo Scientific Ltd. in Canada. Psilo Scientific, a wholly owned subsidiary of Filament Health Corp., is an exclusively natural psychedelic drug discovery and extraction company.
Psyence received a Health Canada import permit obtained by Psilo Scientific in March 2022. The psilocybin mushrooms have now been received at Psilo Scientific’s facility in Metro Vancouver, British Columbia, Canada. The mushrooms will be used by Psilo Scientific for analysis and extraction and then evaluated for compatibility in Filament’s drug development process.
“This export is right on target with our goal of becoming a trusted, commercial supplier of psilocybin mushrooms for the legal, global medical market and medical research market. Our team has spent a considerable amount of time ensuring that we meet all the stringent requirements for the export and import of psilocybin.”
Dr. Neil Maresky, Psyence Chief Executive Officer
Psyence operates one of the first federally licensed commercial psilocybin production facilities in the world. Its production facility, located in Southern Africa, is ISO22000 certified and is licensed to cultivate and export psilocybin mushrooms for the legal, global medical market and commercial medical research market. Psyence’s cultivation system is designed for continuous harvesting and an on-site laboratory was recently added to provide in-process analysis and extraction.
“We are incredibly proud of our production team and facility who have exceeded our expectations with regards to the construction, cultivation and certification of a world-class facility that has proven it is ready to supply raw materials into the legal psilocybin research arena globally,” says Tony Budden, Psyence Chief Strategy Officer.
About Psyence Group
Psyence is a life science biotechnology company listed on the Canadian Securities Exchange (CSE: PSYG) and quoted on the OTCQB (OTCQB: PSYGF), with a focus on natural psychedelics. Psyence works with natural psilocybin products for the healing of psychological trauma and its mental health consequences in the context of palliative care. Our name “Psyence” combines the words psychedelic and science to affirm our commitment to producing psychedelic medicines developed through evidence-based research.
Informed by nature and guided by science, we built and operate one of the world’s first federally licensed commercial psilocybin mushroom cultivation and production facilities in Southern Africa. Our team brings international experience in both business and science and includes experts in mycology, neurology, palliative care, and drug development. We work to develop advanced natural psilocybin products for clinical research and development.
Our key divisions, Psyence Production, Psyence Therapeutics and Psyence Function, anchor an international collaboration, with operations in Canada, the United Kingdom, Southern Africa, and a presence in the United States and Australia.