Almost a billion people suffer from mental health problems worldwide, according to the World Health Organization. Of the 322 million people globally that have depression, roughly a third are treatment-resistant.
Over the past five years, a wave of academic research has emerged which supports the notion that psychedelic-inspired medicines are effective and often superior treatments for things like addiction, ADHD, depression and anorexia.
At the moment, there’s growing interest in psychedelics after clinical studies suggested such drugs could help treat a range of mental illnesses.
This changing science laid the groundwork for the first psychedelic medicine, a nasal spray called Spravato, used for the treatment of depression, to clear U.S. Food and Drug Administration approval in March 2019.
Psychedelics company Minerco, Inc. (OTC:MINE) is not slowing down. This week, shares of MINE stock are once again on the move thanks to the growing interest in psychedelic stock.
Minerco, Inc. (OTC:MINE), was recently acquired by a psilocybin research and investment firm and is emerging as the world’s first publicly traded company focused on the research, production and distribution of psilocybin mushrooms. Also, MINE has developed Blockchain Token SHRU to create a payment gateway for retail purchases.
Global Trac Solutions, Inc. (OTCPink: PSYC) (“Global” “PSYC” or the “Company”) a digital media leader within the emerging sector of medicinal psychedelics, is pleased to announce that the Company has entered into a Joint Venture Partnership (the “JV”) with Minerco, Inc. (OTC: MINE) (“MINE”), a Jamaican-based company specializing in growing, research, production and distribution of psilocybin mushrooms and marketing worldwide.
The JV creates an opportunity for the companies to collaborate on the co-development and hosting of virtual conferences and forums focused on educating, informing, and showcasing the potential medicinal benefits of psilocybin mushrooms, including the psilocybin-based products MINE is developing. Additionally, the JV allows for PSYC to serve as one of the primary digital marketing partners for MINE as they move forward with their focus of bringing their products to market.