Popular Hemp

Investment Fund in the Psychedelics and Mental Health Space Issues Statement on atai Life Sciences IPO Listing

Investment Fund in the Psychedelics and Mental Health Space Issues Statement on atai Life Sciences IPO Listing | Cannabis Law Report

June 18, 2021 (Chicago) — Palo Santo, the leading psychedelic investment fund helping to increase the supply of clinically effective and accessible mental health and addiction treatment solutions, issued the following statement regarding atai Life Sciences’ (“atai” or “Company”) (NASDAQ: ATAI) initial public offering.

Palo Santo has a notable stake in atai, a global biopharmaceutical company developing psychedelic and non-psychedelic compounds for various mental health indications. With a robust, diversified portfolio, the Palo Santo Fund is also invested in more than a dozen other companies across the psychedelic ecosystem which are focused on advancing therapies and technologies to address the growing global mental health crisis. Palo Santo’s portfolio includes: Bionomics (ASX: BNO) (OTCQB: BNOEF), Psy Therapeutics, Tactogen, Eleusis, Bexson Biomedical, Diamond Therapeutics, Gilgamesh, among others.

Statement from Palo Santo Co-Founder Daniel Goldberg:
We congratulate our partners at atai on achieving this major milestone. Through its IPO, atai is not only bringing the general public a compelling investment opportunity, but also the chance to take part in today’s healthcare revolution. Improved health outcomes are the ultimate goal for both atai & Palo Santo, and today is a big step toward that goal.

Currently, we are in the midst of a global mental health crisis, and the problem is only continuing to grow. In 2010, the direct and indirect cost of mental health conditions worldwide was estimated to be $2.5 trillion — numbers which are projected to skyrocket to $6.0 trillion by 2030.

There is an urgent need to address our broken mental healthcare system. We believe psychedelics will expand treatment options and transform the outdated system. The time to invest in healthcare’s future is now because both the need — and upside — are too great. As research continues and attitudes within regulatory and cultural landscapes rapidly evolve, the adoption of these medicines are being expedited, bringing psychedelic science to an inflection point.

With a track record of success in venture capital, life sciences, healthcare services and years of building relationships in the psychedelic research and business community, the Palo Santo team will continue to focus on identifying new opportunities and expanding our portfolio. Our mission is to improve the standard of care in mental healthcare while producing outsized returns for our investors.

About Palo Santo
Palo Santo’s diversified and robust investment fund is helping to increase the supply of clinically effective and accessible mental health and addiction treatment solutions needed in today’s world. Palo Santo targets a diverse range of companies offering innovative solutions to address the growing global mental health crisis and CNS disorders. From cutting-edge science to commercial application, the firm’s existing portfolio includes more than a dozen companies focused on advancing psychedelic therapies and technologies to address the growing global mental health crisis.  For more information, visit https://palosanto.vc/.

Cannabis Law Report Has Been Publishing Legal, Professional & Regulated
Cannabis News Daily Since 2016 – All For Free

We want to carry on providing the important cannabis sector
news for free for all our readers.

Costs are rising to produce Cannabis Law Report and we’d like to ask you,
our readers, for a small donation.

{“id”:null,”mode”:”form”,”open_style”:”in_place”,”currency_code”:”USD”,”currency_symbol”:”$”,”currency_type”:”decimal”,”blank_flag_url”:”https:\/\/cannabislaw.report\/wp-content\/plugins\/tip-jar-wp\/\/assets\/images\/flags\/blank.gif”,”flag_sprite_url”:”https:\/\/cannabislaw.report\/wp-content\/plugins\/tip-jar-wp\/\/assets\/images\/flags\/flags.png”,”default_amount”:200,”top_media_type”:”none”,”featured_image_url”:false,”featured_embed”:””,”header_media”:null,”file_download_attachment_data”:null,”recurring_options_enabled”:true,”recurring_options”:{“never”:{“selected”:true,”after_output”:”One time only”},”weekly”:{“selected”:false,”after_output”:”Every week”},”monthly”:{“selected”:false,”after_output”:”Every month”},”yearly”:{“selected”:false,”after_output”:”Every year”}},”strings”:{“current_user_email”:””,”current_user_name”:””,”link_text”:”Leave a tip”,”complete_payment_button_error_text”:”Check info and try again”,”payment_verb”:”Pay”,”payment_request_label”:”Cannabis Law Report”,”form_has_an_error”:”Please check and fix the errors above”,”general_server_error”:”Something isn’t working right at the moment. Please try again.”,”form_title”:”Please Donate Now”,”form_subtitle”:””,”currency_search_text”:”Country or Currency here”,”other_payment_option”:”Other payment option”,”manage_payments_button_text”:”Manage your payments”,”thank_you_message”:”Thank you for being an awesome Cannabis Law Report supporter!”,”payment_confirmation_title”:”Cannabis Law Report”,”receipt_title”:”Your Receipt”,”print_receipt”:”Print Receipt”,”email_receipt”:”Email Receipt”,”email_receipt_sending”:”Sending receipt…”,”email_receipt_success”:”Email receipt successfully sent”,”email_receipt_failed”:”Email receipt failed to send. Please try again.”,”receipt_payee”:”Paid to”,”receipt_statement_descriptor”:”This will show up on your statement as”,”receipt_date”:”Date”,”receipt_transaction_id”:”Transaction ID”,”receipt_transaction_amount”:”Amount”,”refund_payer”:”Refund from”,”login”:”Log in to manage your payments”,”manage_payments”:”Manage Payments”,”transactions_title”:”Your Transactions”,”transaction_title”:”Transaction Receipt”,”transaction_period”:”Plan Period”,”arrangements_title”:”Your Plans”,”arrangement_title”:”Manage Plan”,”arrangement_details”:”Plan Details”,”arrangement_id_title”:”Plan ID”,”arrangement_payment_method_title”:”Payment Method”,”arrangement_amount_title”:”Plan Amount”,”arrangement_renewal_title”:”Next renewal date”,”arrangement_action_cancel”:”Cancel Plan”,”arrangement_action_cant_cancel”:”Cancelling is currently not available.”,”arrangement_action_cancel_double”:”Are you sure you’d like to cancel?”,”arrangement_cancelling”:”Cancelling Plan…”,”arrangement_cancelled”:”Plan Cancelled”,”arrangement_failed_to_cancel”:”Failed to cancel plan”,”back_to_plans”:”\u2190 Back to Plans”,”update_payment_method_verb”:”Update”,”sca_auth_description”:”Your have a pending renewal payment which requires authorization.”,”sca_auth_verb”:”Authorize renewal payment”,”sca_authing_verb”:”Authorizing payment”,”sca_authed_verb”:”Payment successfully authorized!”,”sca_auth_failed”:”Unable to authorize! Please try again.”,”login_button_text”:”Log in”,”login_form_has_an_error”:”Please check and fix the errors above”,”uppercase_search”:”Search”,”lowercase_search”:”search”,”uppercase_page”:”Page”,”lowercase_page”:”page”,”uppercase_items”:”Items”,”lowercase_items”:”items”,”uppercase_per”:”Per”,”lowercase_per”:”per”,”uppercase_of”:”Of”,”lowercase_of”:”of”,”back”:”Back to plans”,”zip_code_placeholder”:”Zip\/Postal Code”,”download_file_button_text”:”Download File”,”input_field_instructions”:{“tip_amount”:{“placeholder_text”:”How much would you like to tip – $2 would be great, $5 even better and if you would like to donate $US20 or more we will add you to our donation wall of fame”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”How much would you like to tip – $2 would be great, $5 even better and if you would like to donate $US20 or more we will add you to our donation wall of fame”},”empty”:{“instruction_type”:”error”,”instruction_message”:”How much would you like to tip – $2 would be great, $5 even better and if you would like to donate $US20 or more we will add you to our donation wall of fame”},”invalid_curency”:{“instruction_type”:”error”,”instruction_message”:”How much would you like to tip – $2 would be great, $5 even better and if you would like to donate $US20 or more we will add you to our donation wall of fame”}},”recurring”:{“placeholder_text”:”Recurring”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”How often would you like to give this?”},”success”:{“instruction_type”:”success”,”instruction_message”:”How often would you like to give this?”},”empty”:{“instruction_type”:”error”,”instruction_message”:”How often would you like to give this?”}},”name”:{“placeholder_text”:”Name on Credit Card”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter the name on your card.”},”success”:{“instruction_type”:”success”,”instruction_message”:”Enter the name on your card.”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Please enter the name on your card.”}},”privacy_policy”:{“terms_title”:”Terms and conditions”,”terms_body”:null,”terms_show_text”:”View Terms”,”terms_hide_text”:”Hide Terms”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”I agree to the terms.”},”unchecked”:{“instruction_type”:”error”,”instruction_message”:”Please agree to the terms.”},”checked”:{“instruction_type”:”success”,”instruction_message”:”I agree to the terms.”}},”email”:{“placeholder_text”:”Your email address”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter your email address”},”success”:{“instruction_type”:”success”,”instruction_message”:”Enter your email address”},”blank”:{“instruction_type”:”error”,”instruction_message”:”Enter your email address”},”not_an_email_address”:{“instruction_type”:”error”,”instruction_message”:”Make sure you have entered a valid email address”}},”note_with_tip”:{“placeholder_text”:”Your note here…”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Attach a note to your tip (optional)”},”empty”:{“instruction_type”:”normal”,”instruction_message”:”Attach a note to your tip (optional)”},”not_empty_initial”:{“instruction_type”:”normal”,”instruction_message”:”Attach a note to your tip (optional)”},”saving”:{“instruction_type”:”normal”,”instruction_message”:”Saving note…”},”success”:{“instruction_type”:”success”,”instruction_message”:”Note successfully saved!”},”error”:{“instruction_type”:”error”,”instruction_message”:”Unable to save note note at this time. Please try again.”}},”email_for_login_code”:{“placeholder_text”:”Your email address”,”initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter your email to log in.”},”success”:{“instruction_type”:”success”,”instruction_message”:”Enter your email to log in.”},”blank”:{“instruction_type”:”error”,”instruction_message”:”Enter your email to log in.”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Enter your email to log in.”}},”login_code”:{“initial”:{“instruction_type”:”normal”,”instruction_message”:”Check your email and enter the login code.”},”success”:{“instruction_type”:”success”,”instruction_message”:”Check your email and enter the login code.”},”blank”:{“instruction_type”:”error”,”instruction_message”:”Check your email and enter the login code.”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Check your email and enter the login code.”}},”stripe_all_in_one”:{“initial”:{“instruction_type”:”normal”,”instruction_message”:”Enter your credit card details here.”},”empty”:{“instruction_type”:”error”,”instruction_message”:”Enter your credit card details here.”},”success”:{“instruction_type”:”normal”,”instruction_message”:”Enter your credit card details here.”},”invalid_number”:{“instruction_type”:”error”,”instruction_message”:”The card number is not a valid credit card number.”},”invalid_expiry_month”:{“instruction_type”:”error”,”instruction_message”:”The card’s expiration month is invalid.”},”invalid_expiry_year”:{“instruction_type”:”error”,”instruction_message”:”The card’s expiration year is invalid.”},”invalid_cvc”:{“instruction_type”:”error”,”instruction_message”:”The card’s security code is invalid.”},”incorrect_number”:{“instruction_type”:”error”,”instruction_message”:”The card number is incorrect.”},”incomplete_number”:{“instruction_type”:”error”,”instruction_message”:”The card number is incomplete.”},”incomplete_cvc”:{“instruction_type”:”error”,”instruction_message”:”The card’s security code is incomplete.”},”incomplete_expiry”:{“instruction_type”:”error”,”instruction_message”:”The card’s expiration date is incomplete.”},”incomplete_zip”:{“instruction_type”:”error”,”instruction_message”:”The card’s zip code is incomplete.”},”expired_card”:{“instruction_type”:”error”,”instruction_message”:”The card has expired.”},”incorrect_cvc”:{“instruction_type”:”error”,”instruction_message”:”The card’s security code is incorrect.”},”incorrect_zip”:{“instruction_type”:”error”,”instruction_message”:”The card’s zip code failed validation.”},”invalid_expiry_year_past”:{“instruction_type”:”error”,”instruction_message”:”The card’s expiration year is in the past”},”card_declined”:{“instruction_type”:”error”,”instruction_message”:”The card was declined.”},”missing”:{“instruction_type”:”error”,”instruction_message”:”There is no card on a customer that is being charged.”},”processing_error”:{“instruction_type”:”error”,”instruction_message”:”An error occurred while processing the card.”},”invalid_request_error”:{“instruction_type”:”error”,”instruction_message”:”Unable to process this payment, please try again or use alternative method.”},”invalid_sofort_country”:{“instruction_type”:”error”,”instruction_message”:”The billing country is not accepted by SOFORT. Please try another country.”}}}},”fetched_oembed_html”:false}

{“date_format”:”F j, Y”,”time_format”:”g:i a”,”wordpress_permalink_only”:”https:\/\/cannabislaw.report\/investment-fund-in-the-psychedelics-and-mental-health-space-issues-statement-on-atai-life-sciences-ipo-listing\/”,”all_default_visual_states”:”inherit”,”modal_visual_state”:false,”user_is_logged_in”:false,”stripe_api_key”:”pk_live_51BCFyOKEX10bi16cQhi1Llb9pq7pEaQgBr3jKm31oXtTVZpWJee7sxrQCRIwZmhs73h9N1V93disaiODR3uLgP4X00ia7NG1oo”,”stripe_account_country_code”:”AU”,”setup_link”:”https:\/\/cannabislaw.report\/wp-admin\/admin.php?page=tip-jar-wp&mpwpadmin1=welcome&mpwpadmin_lightbox=do_wizard_health_check”,”close_button_url”:”https:\/\/cannabislaw.report\/wp-content\/plugins\/tip-jar-wp\/\/assets\/images\/closebtn.png”}

%d bloggers like this:

0 thoughts on “Investment Fund in the Psychedelics and Mental Health Space Issues Statement on atai Life Sciences IPO Listing”

Write a Reply or Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.