Dr. Dan Engle, a leading voice in psychedelic medicine, has been appointed by Mind Cure as a scientific advisor
As Mind Cure Health (CAN:MCUR) moves forward on its functional mushrooms operations, the Company is already positioning itself to expand into psychedelic drug R&D.
On October 1, 2020; Mind Cure announced the addition of Dr. Dan Engle as a scientific advisor. Dr. Engle has global stature in the fields of psychiatry and neurology. One of his areas of specialty is psychedelic drugs.
As a Mental Health Crisis rages around us, psychedelic drugs are being highly touted as the answer to this crisis. This Psychedelics Revolution is being driven by a confluence of voices.
Medical doctors, psychiatrists and other mental health specialists, and naturopaths have been leading this dialogue. But people from all walks of life are waking up to the medicinal potential of psychiatric drugs.
From high-profile media pundits to billionaire investors, people with no medical expertise are standing up to bang the drum for psychedelic drugs. Because the facts and data speak for themselves. And we are regularly seeing some of the same names pop up again and again.
Joe Rogan, who is also an outspoken proponent of functional mushrooms, is one of the media pundits who has been particularly vocal in alerting people to the potential of psychedelic drugs.
As far back as May 2015, Rogan was digging into the potential of psychedelics. And one of the experts he sought out for guidance was Dr. Dan Engle. Dr. Engle not only discussed the potential of psychedelic drug therapy, but also went into great detail on how these psychedelics were being integrated into psychotherapy – five years ago.
Another very prominent spokesman for psychedelic drugs is famed author/investor, Tim Ferriss. Ferriss was also an early advocate of psychedelics. In 2015, Ferriss was already actively promoting psychedelics-based medicine.
In Ferriss’ September 14, 2015 podcast, he asked “Are Psychedelic Drugs the Next Medical Breakthrough?”
Who did he seek out to answer that question?
Dr. Dan Engle.
Engle’s own bio frames his expertise in this manner.
Currently, he is Medical Director of Kuya Institute for Transformational Medicine and consultant to Onnit Labs in Austin Texas, the True Rest Float Centers in Phoenix Arizona as well as several international healing centers using indigenous plant medicines of the Peruvian Amazon River basin.
A wealth of medical and naturopathic credentials. An international reputation. And Dr. Engle is bringing all of that to Mind Cure Health.
Mind Cure is a functional mushrooms/psychedelic medicine hybrid. Psychedelic Stock Watch has previously outlined this business model for investors.
See: Mind Cure Targets Multi-Billion Dollar Sweet-Spot in Life Sciences
The Company is leading with its functional mushrooms operations.
It’s Moonbeam product line of organic mushrooms already has its Health Canada product numbers (HPN). Ready to begin retail sales in what is a $23 billion dollar global market (according to Mordor Intelligence).
The market has given MCUR the thumbs-up for its initial focus on functional mushrooms.
Mind Cure began trading on September 21, 2020 at an IPO price of CAD$0.20. MCUR quickly took off, quadrupling to CAD$0.80 in its first week of trading. In a torrid week of trading, the Company outpaced industry heavyweights Compass Pathways (US:CMPS) and MindMed Inc (CAN:MMED / US:MMEDF).
Even as the Company has been getting traction with its functional mushrooms operations, management is now positioning Mind Cure to commence psychedelic drug R&D.
The appointment of Dan Engle is one of the first steps in this process.
After a 50-year deep freeze due to criminal Prohibition, psychedelic drugs are re-emerging into modern medicine. There is a great need here for both publicity and education.
Media icons like Joe Rogan and Tim Ferriss are aggressively publicizing the potential of psychedelic drugs to revolutionize the treatment of many mental health disorders, including depression, anxiety, addiction and PTSD.
See: An Investing Roadmap For The Mental Health Crisis
Mental health experts like Dr. Dan Engle are explaining the virtues of psychedelic drugs to both potential consumers of these drugs and potential investors in the public companies seeking to develop them.
In the middle of this are the public companies themselves.
Educating investors on the amazing potential of psychedelics-based medicine to improve mental health treatment in many areas. Publicizing both the emerging research on psychedelics and the slow-but-steady regulatory movement toward decriminalization of these substances.
As Mind Cure forges ahead in this emerging industry, it has added not only a leading expert to help to advance its psychedelic drug research initiatives. It has also added one of the most respected voices in this field to its management team.
Big-name investors like Peter Thiel and Mike Novogratz have lent instant credibility to the psychedelic drug industry in capital markets.
Parallel to this, medical experts like Dr. Dan Engle are boosting the credibility and profile of psychedelic drugs within the medical profession.
In adding Dan Engle as a scientific advisor, Mind Cure has elevated its own profile in the competition to bring new psychedelic drug therapies to market.
DISCLOSURE: Mind Cure Health is a paid client of Psychedelic Stock Watch.
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