#DISCOVERY INC BENEFITS LICENSE#

Most of these factors are outside Lucy’s control and are difficult to predict.

In particular, these include statements relating to future actions, prospective products, market acceptance, future performance, results of current and anticipated products, sales efforts, expenses, and the outcome. They are generally identifiable by use of the words 'may,' 'will,' 'should,' 'anticipate,' 'estimate,' 'plans,' 'potential,' 'projects,' 'continuing,' 'ongoing,' 'expects,' 'management believes,' 'we believe,' 'we intend' or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements involve risks and uncertainties and include statements regarding, among other things, our projected revenue growth and profitability, our growth strategies and opportunity, anticipated trends in our market and our anticipated needs for working capital. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements give our current expectations or forecasts of future events.

This press release may contain forward-looking statements. is dedicated to advancing the understanding and applications of psychedelic medicine, improving mental health outcomes, and enhancing well-being for individuals worldwide.Ĭautionary Note Regarding Forward-Looking Statements With a focus on pioneering innovative therapies for patients in need, Lucy Scientific Discovery Inc. Lucy does not sell psilocybin products to the general public.

#DISCOVERY INC BENEFITS LICENSE#

This specialized license authorizes LSDI to develop, sell, deliver, and manufacture pharmaceutical-grade active pharmaceutical ingredients (APIs) used in controlled substances and their raw material precursors. and its wholly-owned subsidiary, LSDI Manufacturing Inc., operate under Part J of the Food and Drug Regulations promulgated under the Food and Drugs Act (Canada).

Holding a Controlled Drugs and Substances Dealer's License granted by Health Canada's Office of Controlled Substances, Lucy Scientific Discovery Inc. (NASDAQ: LSDI) is a Nasdaq-listed company and a licensed producer of compounds for medicinal products. In the event that the proposal is not endorsed by Pasithea's Board of Directors, Lucy is prepared to present it directly to the Pasithea shareholders. This represents more than 100 times the dollar volume of Pasithea’s trading and could substantially improve liquidity for its shareholders. While Pasithea’s 30-day average daily dollar trading volume is only $16,000, Lucy is an actively traded NASDAQ company with an average daily dollar trading volume of more than $1.8 million. In order to preserve cash for shareholders, Lucy intends to explore strategic alternatives for the divestiture of Pasithea's clinical development program. Given the significant market value discount to its net cash, Lucy believes its attractive offer will create immediate value from the cash portion with additional upside participation through Lucy’s stock as it executes its business plan. Pasithea’s most recent quarterly report indicates approximately $30,000,000 cash on hand. In fact, the cash component alone represents a 71% premium. Given that Pasithea’s stock closed at $0.35 per share on June 1, 2023, the Proposal of $0.85 per share equates to 142% premium to Pasithea’s share price. Under the terms of the offer, Lucy proposes to pay $0.60 in cash, and $0.25 cents in Lucy stock (NASDAQ: LSDI) for every share of Pasithea common stock. (“Pasithea”) (NASDAQ: KTTA), a biotechnology firm focused on innovative medical solutions, to acquire each share of its common stock. (“Lucy” or “the Company”) (NASDAQ: LSDI), a licensed producer of compounds for medicinal products, today announced that it sent a proposal to Pasithea Therapeutics Corp.

Worldwide See our worldwide locations and country contact information.VANCOUVER, British Columbia, J(GLOBE NEWSWIRE) - Lucy Scientific Discovery Inc.

We are known as Merck & Co., Inc., Rahway, NJ, USA in the United States, Canada & Puerto Rico. We are one company, but we operate under two different corporate brand names.

Discovery inc benefits