I’ve had a huge short in PSIL and I buy puts in most psych stocks. fda will crash this shroom sector. It’s unfortunatly a scam in the market. I microdose but I buy from natural growers. We are all shorting this sector as we don’t want it marginalized. They ruined marijuana we won’t let them do it to mushrooms. Short interest on PSIL is 90%. Let’s get it to 100%. Psyched wellness sells to GNC. GNC is poison powder and fake medicine. Mushrooms in GNC should ultimately go to zero. They dilute their tincture anyways with seed oils probably. All the Amanita Musc insta and FB channels bash this company. Calling it fake tincture and a scam. I’d sell before they dilute.
It won’t go back up. My guess, delisting in 2025. They won’t pay to keep this on USA OTC much longer with no volume. It’s costing them roughly 600k annually to keep it listed.
Listen to me is not an investor he’s just a mushroom junkie with no real business experience. This has a 300m float with 130m additional shares for dilution. They just donated 4m shares to stakeholders. At 19m CAD MC I’d say it’s way over valued still. The patents are deemed worthless now as another AME company just launched a vape pen. They could sue but they don’t have the funds. Canadians move to slow. American MJ and shroom sectors move 3x faster.