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Psyence Group Launches its Functional Mushroom Brand, "Goodmind"

Makes Board ChangesTORONTO AND CAPE TOWN, South Africa, March 04, 2021 (GLOBE NEWSWIRE) Psyence Group Inc., a leading platform in naturally derived psychedelic therapy and the development and commercialization of related technologies and products (“Psyence” or “the Company”), is pleased to announce it has launched its functional mushroom brand, "GOODMIND", through a South African-based special purpose vehicle (“SPV”) called Goodmind (Pty) Ltd ("Goodmind"). The SPV will be responsible for the production, commercialization and sale of GOODMIND functional mushroom products, which will in future include additional psilocybin containing products, subject to compliance with all applicable local laws and regulations in the jurisdictions in which the SPV operates. The primary aim of the SPV is to establish a revenue-generating business by executing on opportunities in the functional mushroom space. The SPV is a 50/50 partnership b ....

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