E First Psychedelic Stocks ETF Coming Soon

TM Editors Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are readily manipulated; do your own careful due diligence.


The munKNEE (Pure-Play) Psychedelic Drug Stocks Index is finally getting some tradable competition, namely, the Horizons' Psychedelic ETF & North American Psychedelic Index. Here are the details and how it differs from munKNEE's index.

Given the Index’s requirements (see below), the following companies are included in the current North American Psychedelics Index. 

  1. Cybin (CYBN)
  2. Havn Life Sciences (HAVN)
  3. Mind Cure Health (MCUR)
  4. Mydecine Innovations (MYCO)
  5. Nova Mentis (NOVA)
  6. Numinus Wellness (NUMI)
  7. Psyched Wellness (PSYC)
  8. Red Light Holland (TRIP)
  9. Revive Therapeutics (RVV)
  10. Seelos Therapeutics (SEEL)
  11. COMPASS Pathways (CMPS)
  12. Field Trip Health (FTRP)
  13. MindMed (MMED)
  14. Entheon Biomedical (ENBI)
  15. Johnson & Johnson (JNJ
  16. AbbVie Inc. (ABBV)
  17. Greenbrook TMS Inc. (GTMS)

The first 11 companies in the list above are included in the munKNEE (Pure-Play) Psychedelic Drug Stocks Index...

  • plus Champignon Brands (SHRMF), Jaguar Health (JAGX), Mindset Pharma (MSET), PharmaTher (PHRRF), and Silo Pharma (SILO);
  • less Entheon due to its extremely small market capitalization ($4M);
  • less Compass, Mind Cure, and Field Trip as their high market capitalizations and high share prices would have too great a weighting compared to the others in the munKNEE index;
  • less Johnson & Johnson, AbbVie, and Greenbrook TMS as psychedelic compounds are not their major focus of research and development (i.e. they are not pure psychedelic drug companies) and their inclusion in the munKNEE index would give a false reading as to the true health of the psychedelic drug stock market. 

For inclusion in the North American Psychedelics Index companies must meet the following requirements:

  • a minimum float market cap of C$25M
  • a minimum 3-month average daily traded value of at least C$125,000
  • a minimum share price of C$0.10
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Please note that many stocks on the list trade for less than $1/share (i.e. are penny stocks) and, as such, are susceptible to manipulation by unscrupulous speculators. Therefore, before you ...

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