CRUCIAL FOLLOW UP – MARKET NEWS FLASH!
Additional In-Depth Insights
Yesterday, upon final results of the electoral college votes, the market began to behave differently and we want to recap the following:
A. One field that is on the path towards better, more effective solutions today, in our view, is substance abuse and addiction. When it comes to treating addiction, the rate of success is known to be low.
There’s a growing need for an alternative approach – one that addresses the human cost of addiction for individuals, families, and society at large. Opioids abuse has been particularly destructive in society, taking lives and exacting a major financial toll on governments and taxpayers in recent years.
The most interesting avenue for researchers to explore in the treatment of addiction and substance abuse disorders is in dimethyltryptamine (DMT)-based psychedelic therapeutic products. It’s been proposed that DMT can actually increase the brain’s neuroplasticity and promote the formation of new neural connections, or synapses.
Animal studies have shown that DMT promotes neuroplasticity, neuronal growth, and increased synaptic connections – processes correlated with improvements in depressive symptoms.
In January of this year, we began highlighting the psychedelics sector and its potential this year and the dominators of the field have enjoyed appreciation in the triple-digits on more than one instance.
What’s been discussed now as a possible method of practicing treatment in this field is brought forward by Entheon Biomedical (US: ENTBF), which are targeting the development of a safe and proven way of allowing licensed professionals to use DMT in a clinical setting in order to induce a safe, controlled psychedelic experience, and then immediately follow up that treatment with a psychotherapy session.
Very few companies are focusing on this research track.
Entheon is developing a DMT-assisted therapeutic protocol that could be specifically tailored to address the core mechanisms underlying drug-seeking and using behavior. Their chief aim is to provide an effective and scalable therapeutic protocol that might serve as a needed resource for those afflicted with a substance abuse disorder.
Recognizing its potential, the FDA went so far as to designate breakthrough status to psilocybin therapy, which is based on a psychedelic element derived from mushrooms. In fact, regulators granted “breakthrough therapy” status to psilocybin therapy research not once, but twice.
For many years, psychedelics have been known to produce a heightened state of consciousness and have been used for religious and spiritual purposes, as well as for personal development or to facilitate the healing of an emotional disturbance.
Regulated, clinically administered psychedelic drugs show initial promise in assisting in the healing of the underlying psychological and emotional distress that is associated with substance abuse disorders. Recent changes in policy are resulting in what MAPS Executive Director Rick Doblin describes as “a global renaissance in public and scientific interest, regulatory approvals, and funding for psychedelic research.”
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On Sept 30th, 2020, in connection with our agreement with Entheon Biomedical Corp, we received $250,000USD to Gold Standard Media LLC. This was for a 4 month agreement. Wallace Hill Partners LTD on September 26, 2020 purchased 750,000 common shares at CAD0.10.