Lophos Holdings Inc. (“Lophos“, or the “Company“) is pleased to announce that its common shares have been approved for listing on the Canadian Securities Exchange (the “CSE“) and the Company expects to commence trading on the CSE on or around September 06, 2023, under the ticker symbol “MESC“. The CUSIP/ISIN numbers for the common shares of the Company are: 543937106/CA5439371066.
The Company’s principal business pertains to the cultivation, research, and sale of Lophophora williamsii (“peyote cactus”). Under Canadian law, the possession, sale, and distribution of peyote cactus is legal through an exemption to the Controlled Drugs and Substances Act (CDSA). Furthermore, the peyote cactus is legal for sale in many international markets, including the Czech Republic, Netherlands, Peru, Portugal, Slovenia, Sweden, Thailand, Ukraine and the United Kingdom. It is also legal for sale with a license in Germany and for indigenous and religious use in the United States.
Lophos Holdings Inc. is focused on developing sustainable and scalable indoor cultivation methods for peyote, while spearheading research on the therapeutic potential of mescaline and other peyote-based compounds.
“We are thrilled to introduce our mission to the public markets through a direct listing on the CSE. Our dedicated pursuit of developing novel therapeutics related to mescaline for mental health treatment, alongside our unwavering commitment to the sustainable and responsible cultivation and distribution of peyote, positions us strongly to excel in the ever-evolving psychedelic biotech sector.”
-Claire Stawnyczy, CEO of Lophos.
“We consider our direct listing on the CSE as a significant milestone, emblematic of our Company’s progress. This marks an important step towards realizing our dual mission: advancing groundbreaking mental health therapies, while establishing a sustainable and ethical source for a sacred traditional medicine,” Stawnyczy added.
“We are looking forward to the future of the psychedelic industry and are excited for the tremendous positive impact Lophos Pharmaceuticals Corp. will have on the availability of legal psychedelics in Canada.”
ABOUT LOPHOS
The Company’s wholly-owned subsidiary, Lophos Pharmaceuticals Corp., is a biosciences company that specializes in Peyote cultivation, research, and sale. It is also licensed to possess, produce, sell/provide, send, transport and deliver the controlled substances covered by their Controlled Substances Dealers License (CSDL), namely mescaline, psilocin and psilocybin.