For many investors, the experimental psychedelics industry may be too risky to invest in. Most companies in this sector are privately held, and psychedelic stocks are often volatile penny or OTC stocks.
Aside from being risky, these stocks can also be difficult to purchase. Most stocks will require you to have a brokerage account that offers access to OTC and international stocks, like Interactive Brokers or TradeStation.For investors willing to take the risk, the best psychedelic stocks depend on your portfolio and investment goals — while volatility can be ideal for day traders, long-term investors will want to look to stocks with steadier gains over time.
We round up a selection of stocks in or related to the experimental drug industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy on CIBC Investor's Edge |
|---|---|---|---|---|---|
| Compass Pathways Plc (CMPS.US) | 73.94% | $606.2 million (USD) | NASDAQ | 4,020,160 | Buy now |
| Mind Medicine MindMed (MMEDF.US) | (data unavailable) | $940.5 million (USD) | OTCQB | (data unavailable) | Buy now |
| Numinus Wellness (NUMI.V) | (data unavailable) | $117.8 million (CAD) | TSX Venture Exchange | (data unavailable) | Buy now |
| Mindset Pharma (MSET.CN) | (data unavailable) | $72.9 million (CAD) | Canadian Securities Exchange | (data unavailable) | Buy now |
| Cybin (CLXPF.US) | (data unavailable) | $475.5 million (USD) | OTCQB | (data unavailable) | Buy now |
| Field Trip Health (FTRP.CN) | (data unavailable) | $210.8 million (CAD) | Canadian Securities Exchange | (data unavailable) | Buy now |
The experimental drug industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering psychedelic stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
A lot of factors go into picking the best psychedelic stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong psychedelic stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular psychedelic stocks in or related to the experimental drug industry to help narrow down your options:
Keep in mind that this is not a "best" list or a recommendation. It highlights some psychedelic stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each psychedelic stock below. Keep reading to decide if any of these companies are the right investment for you.
COMPASS Pathways plc operates as a biotechnology company that focuses on mental health in the United Kingdom and the United States. It develops COMP360, a psilocybin therapy, which is in Phase III clinical trial for the treatment of treatment-resistant depression; and is in Phase II clinical trial for treating post-traumatic stress disorder and anorexia nervosa. The company was formerly known as COMPASS Rx Limited and changed its name to COMPASS Pathways plc in August 2020.
| Closing stock price | $5.34 |
|---|---|
| Market Capitalization | $606.2 million |
| Earnings per share (TTM) | -$2.72 |
| 52-week stock price range | $2.25 – $8.90 |
Mind Medicine (MindMed) Inc. , a psychedelic medicine biotech company, discovers, develops, and deploys psychedelic inspired medicines and therapies to address addiction and mental illness. The company is assembling a compelling drug development pipeline of innovative treatments based on psychedelic substances, including Psilocybin, LSD, MDMA, DMT, and an Ibogaine derivative, 18-MC.
| Market Capitalization | $940.5 million |
|---|
Numinus Wellness Inc. provides solutions to develop and deliver psychedelic-assisted psychotherapy and transform the mental health landscape. The company operates in two divisions, Salvation Botanicals and Numinus Health.
| Market Capitalization | C$117.8 million |
|---|---|
| Gross profit (TTM) | C$-81,538 |
| Revenue (TTM) | C$1.5 million |
| Earnings per share (TTM) | -C$0.11 |
Mindset Pharma Inc. develops and sells psychedelic medicines to treat neurological and psychiatric disorders in Canada. It focuses on developing MSP-1014, a psychedelic drug candidate.
| Market Capitalization | C$72.9 million |
|---|---|
| Gross profit (TTM) | C$3.9 million |
| Profit margin | -78.82% |
| Revenue (TTM) | C$7.8 million |
| Earnings per share (TTM) | -C$0.06 |
Cybin Inc. , a biotechnology company, focuses on developing psychedelic therapeutics to treat various psychiatric and neurological conditions. The company operates through two segments, Serenity Life and Cybin U.
| Market Capitalization | $475.5 million |
|---|---|
| Gross profit (TTM) | $-311,000 |
| Revenue (TTM) | $864,000 |
| Earnings per share (TTM) | -$0.26 |
Field Trip Health Ltd. engages in the development and delivery of psychedelic therapies. Its Research division is involved in the development of psychedelic molecules and conducting research on plant-based psychedelics.
| Market Capitalization | C$210.8 million |
|---|---|
| Gross profit (TTM) | C$-8,403 |
| Revenue (TTM) | C$435,460 |
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