Announced
Financials
Sources
Tags
United States
psilocybin
medical cannabis
Majority
Pending
Friendly
Specialty Retailers
Acquisition
Cross Border
microdosing
Private
Single Bidder
Synopsis
Allied, a medical cannabis manufacturer, agreed to acquire Pacific Sun Fungi, manufacturer and retailer of psilocybin. Financial terms were not disclosed. “We were seeing many people coming through our healing retreats reporting the benefits of the micro dosing with psilocybin products. We put our best scientists to task to explore the pharmaceutical benefits of functional mushroom formulations. We truly believe that several pharma drug indications will be discovered with the products that we have. We are excited to begin this important research in the New Year.” Calum Hughes, Allied CEO and Founder.
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