An emerging market sector that has recently been subject to increased investor attention has been psychedelics. Generally speaking, this refers to businesses focused on the potential medical, therapeutic and recreational uses of psilocybin, which is the naturally occurring hallucinogen that is found in certain mushrooms, and ketamine, a synthetic compound primarily used as an anesthetic. Both psilocybin and ketamine are designated as controlled substances under Canada’s Controlled Substances and Drugs…
Introduction The TSX Venture Exchange recently announced significant changes to Capital Pool Company (“CPC”) program, which changes will be effective January 1, 2021. The changes to the CPC program are intended to: Increase flexibility – new jurisdictions added, residency restrictions eased, spending restrictions simplified Reduce regulatory burden – relaxed requirements on shareholder distribution and shareholder approval, fewer restrictions on PRO subscriptions Improve economics – increased seed investment, finders fees, shorter…