5 Best Psychedelic Companies to Watch

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In this article, we discuss the 5 best psychedelic companies to watch. If you want to read our detailed analysis of these companies, go directly to the 10 Best Psychedelic Companies to Watch.

5. Field Trip Health Ltd. (OTC: FTRPF)

Field Trip Health Ltd. (OTC: FTRPF) is ranked fifth on our list of 10 best psychedelic companies to watch. The company’s shares have offered investors returns exceeding 77% year-to-date. The firm is based in Canada and concentrates on the development of psychedelic therapies. The firm is different from other biotech firms as it is working on building digital tools that aid with psychedelic experiences. The firm has a market cap of over $360 million and posted close to 500,000 in revenue for the fourth fiscal quarter earlier this month. 

On June 8, Field Trip Health Ltd. (OTC: FTRPF) announced that it had applied for a listing on the NASDAQ stock exchange. Earlier in May, the company had opened its second health centre for 2021, located in Houston, with plans for five more field centres soon. 

On June 15, Field Trip Health Ltd. (OTC: FTRPF) announced that it had completed initial drug metabolism and some other studies related to the development of a drug named FT-104, a new type of psychedelic compound.

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