NetworkNewsWire Editorial Coverage: The fact that psychedelics is a nascent industry doesn’t seem to be discouraging savvy investors exploring the opportunities. A recent Fortune article noted that “despite being an industry in its early stages, the potential for psychedelic health care is growing, with the market projected to reach $10.75 billion by 2027. . . . Smart capital is moving in to take advantage of the opportunity to invest in the next frontier.” The multibillion-dollar potential combined with solid promise in psychedelic drug treatments, particularly in the hard-to-treat mental health sector, such as depression, addiction, post-traumatic stress disorder and anxiety, bodes well for pioneering psychedelic companies, including Tryp Therapeutics Inc. (CSE: TRYP) (OTCQB: TRYPF) (Profile). Tryp is one of a handful of companies focused on psychedelics; others venturing forward in the space include Seelos Therapeutics Inc. (NASDAQ: SEEL), Field Trip Health Ltd. (TSX: FTRP) (NASDAQ: FTRP), Small Pharma Inc. (TSX.V: DMT) and Mydecine Innovations Group Inc (OTC: MYCOF)…
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