5 Best Psychedelic Companies to Watch

4. Cybin Inc. (OTC: CLXPF)

Cybin Inc. (OTC: CLXPF) is a life sciences company based in Canada. It concentrates on the development of psychedelic therapies for the treatment of mental health diseases and other problems. It is placed fourth on our list of 10 best psychedelic companies to watch. The stock has returned more than 2,900% to investors over the past year. The firm has a market cap of over $320 million and posted more than 630,000 in revenue for the first fiscal quarter earlier this year. 

On June 16, Cybin Inc. (OTC: CLXPF) announced the selection of social anxiety disorder and general anxiety disorder as target indications for a new psychedelic molecule. The decision came after months of research into the new molecule. 

In March, Cybin Inc. (OTC: CLXPF) had entered into a deal with the firm Catalent to use the new tablet technology developed by the latter for use with the delivery of therapies developed by the former.