Business Insider: "MindMed just raised $6.2 million to try to make psychedelics without their characteristic hallucinogenic qualities"

https://www.businessinsider.com/psychedelics-company-raises-funds-canopy-growth-bruce-linton-shark-tank-2019-9

by Erin Brodwin Sep 30, 2019 Business Insider

A startup that wants to use psychedelics to treat addiction just raised $6.2 million from the host of Shark Tank and the architect behind the world’s biggest cannabis grower :

  • A new company called MindMed just raised $6.2 million in a bid to make psychedelics without their characteristic hallucinogenic qualities.
  • Investors in the round include 'Shark Tank' host Kevin O'Leary, as well as Bruce Linton, the architect behind the world's biggest cannabis grower, Canopy Growth.
  • MindMed says it's currently focused on turning a drug inspired by the psychedelic ibogaine into a treatment for opioid addiction.