Feature Partner
Psyched Wellness
Company Summary
About
Psyched Wellness Ltd. is a Canadian-based Life Sciences company dedicated to the production and distribution of psychedelic mushrooms and associated consumer packaged goods. Psyched’s mushroom-derived consumer packaged goods portfolio will be led by our flagship mushroom extract product: Amanita Muscaria infused tinctures. When micro-dosed, Amanita Muscaria has anecdotally been shown to soothe the body, ease physical distress and help with sleeping.
Market Opportunity
The global market for functional mushrooms is forecasted to reach USD $34.3 billion by 2024, growing at a CAGR of 8.04% between 2019 and 2024 (Source: Modor Intelligence).
The popularity of mushrooms is growing rapidly around the world yet the market remains fragmented.
Amanita Muscaria
Amanita Muscaria is commonly referred to as, the fly agaric. It typifies the iconic image of psychogenic and hallucinogenic-inducing mushrooms both in legend and in literature. Amanita Muscaria has been consumed by cultures worldwide for its psychedelic effects after being parboiled to reduce the potency of its major intoxicating constituents.
The major isoxazoles, ibotenic acid and muscimol are water-soluble, heat-stable alkaloids. The toxicity of Amanita Muscaria has been misunderstood as it has been associated with a mushroom poisoning, long believed [incorrectly] to be due to muscarine. However, muscarine is found in such minute quantities in Amanita Muscaria that it is clinically insignificant. The psychogenic properties of the plant are due to ibotenic acid and muscimol, a more potent decarboxylated version of ibotenic acid.
Amanita Muscaria is also marked for not containing any deadly amanitin toxins found in most other poisonous mushrooms. The amanitins and muscarine, found in most other ‘poisonous’ mushrooms, are responsible for the lethal nature of these fungi, the induction of a dangerous muscarinic syndrome, and the unfortunate misconceptions levied on all mushrooms from toadstool to edible varieties.
Amanita Muscaria is not only unique in its instant recognizability and ease of mycological identification from whole specimens, but it has a well-documented and long history of traditional use in foods in Europe, Russia, Siberia, North America and Japan. The chemical characterization of the mushroom through analytical methods and the thresholds of the principal constituents to induce pharmacological effects in man is also known.
