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If you missed the cannaBUS, jump on the psilocybin train

Maxim Group Gives Buy Rating To 10 Psychedelic Stocks: Compass, MindMed, Cybin, Field Trip And More

Now is the time to buy these 10 psychedelic stocks.

When the cannabis company GW Pharmaceuticals sold for billions earlier this year, those who didn’t invest were left with major regret. If you missed out on cannabis, now is your chance to be an early investor in the shroom boom as psychedelic companies begin to follow a similar pathway. These 10 companies are worth the buy according to Maxim Group’s latest analysis.

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Maxim Group says Mindset Pharma is a ‘Buy’

Maxim Group initiates coverage of Mindset Pharma with a ‘Buy’ rating and price target of US$1

If you want to triple your investment in a year, keep an eye on Mindset Pharma. Mindset currently trades at C$0.45 in Canada (MSET) and US$0.36 in the States (MSSTF), but Maxim Group predicts that the price could go reach US$1 in 12 months, giving the company a ‘buy’ rating. Maxim analysts note that Mindset’s psilocybin compound, MSP-1014, is cheaper to produce than psilocybin and has a relatively short path to market, while Mindset’s other “purpose-designed” compounds could potentially be “best-in-class in the longer term.”

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