5 Best Psychedelic Companies to Watch

3. Novamind Inc. (OTC: NVMDF)

Novamind Inc. (OTC: NVMDF) is a Canadian company that builds infrastructure for psychedelic companies in North America. It engages in the building and maintenance of clinics, research centres, and other retreats related to psychedelics. It is ranked third on our list of 10 best psychedelic companies to watch. The company’s shares have returned close to 32,000% to investors in the past year. In addition to building clinics, the firm also offers outpatient mental health services.

In earnings results for the third fiscal quarter, posted on June 1, Novamind Inc. (OTC: NVMDF) reported a revenue of C$1.85 million, a significant uptick from the C$1.29 in revenue posted for the second fiscal quarter ended March 1 this year.  

On June 17, Novamind Inc. (OTC: NVMDF) announced that it had invested $1 million in a stealth mode US-based drug firm. The company termed it a strategic investment but did not reveal more details about it.