Psilocybin Mushrooms Quickly Emerging as Powerful Way to Treat Depression and Addiction
Financialnewsmedia.com News Commentary
PALM BEACH, Florida, Nov. 12, 2019 /PRNewswire/ -- Johns Hopkins Medicine and New York University aren't the only institutions uncovering the benefits of psilocybin mushrooms. According to a study featured in a 2016 issue of Science Direct, as highlighted by GOOD Magazine, psilocybin mushrooms are effective at treating treatment-resistant depression. Findings also highlighted the drug as an effective way to treat tobacco and alcohol addiction, as well. "People who used psychedelics have lower rates of psychological distress and suicidality than those who used no psychedelics." As excitement builds, it's opening a range of opportunity for companies that have already established launching cannabis products including The Yield Growth Corp. (CSE:BOSS) (OTCQB:BOSQF), Canopy Growth Corporation (TSX:WEED) (NYSE:CGC), The Green Organic Dutchman (TSX:TGOD) (OTCQX:TGODF), Aphria Inc. (NYSE:APHA) (TSX:APHA), and iAnthus Capital Holdings Inc. (CSE:IAN) (OTCQX:ITHUF).
The Yield Growth Corp. (CSE:BOSS) (OTCQB:BOSQF) BREAKING NEWS: The Yield Growth Corp. just announced that on November 8, 2019 it entered into a definitive agreement with Eurolife Brands (CSE: EURO)(FSE:3CMA) for the exclusive distribution of Yield Growth's line of mushroom infused coffee mixes being developed through subsidiary Flourish Mushroom Labs Inc. The distribution agreement grants Eurolife Brands exclusive distribution rights in Germany, the United Kingdom and Switzerland for the mushroom coffee line being developed by Yield Growth subsidiary Flourish Mushroom Labs. The initial exclusivity period is one year with options to extend the term provided certain minimum sales are met. The agreement also grants Eurolife Brands non-exclusive distribution in other territories for two years, with a provision to exclude one or more territories on two-month notice from Flourish Mushroom Labs. The parties plan to integrate the mushroom coffee mix products into Eurolife Brands' e-commerce platform in Q2 2020, after testing and registrations are complete. The initial line of mushroom coffee mixes will be infused with various wild mushrooms such as Lion's Mane, Turkey Tail, Reishi, Shitake, Chagas and Cordyceps. "We are excited to partner with Yield Growth, who has demonstrated expertise in the international launch of products with potent ingredients," says Shawn Moniz, CEO of Eurolife. "Our research indicates a huge opportunity to sell the Flourish Mushroom Labs mushroom coffee line to European consumers who are educated and health conscious and demand high quality products that are on the cutting edge of their respective industry segments."
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