Psychedelic Investment Index Up 2.23% In December – A Month In Review

The Psychedelic Investment Index is an online tool that tracks the “entire public sector of the psychedelic market, ”representing over forty companies and their market trends at the time of writing. (1) Through its interactive chart it’s easy to see the rapid rise in interest in psychedelics that happened in November. Stocks collectively gained 54.66% in market value that month. In December, however, the index finished with only a 2.23% gain.

Numbers may be misleading, however. The relevant factor is the increase in trade volume. The higher the trade average, the more interest there is in the sector. December marks an increase of 1,993.55% in trades, from an average trade volume of 47.47M in November to 993.8M by the end of December. On December 13th, trades reached their monthly peak at 3.64B shares.

While the overall market seems to have slowed down, some individual companies report triple-digit gains. Below are the highest performing stocks in December:

1. Ehave (EHVVF): +300%
2. Empower Clinics (CBDT): +250%
3. Red Light Holland (TRIP): +158.33%
4. EGF Theramed Health (TMED): +142.86%
5. Better Plant Sciences (PLNT): +128.57%

And here’s how the top ten biggest companies in the sector performed:

1. Compass Pathways (CMPS): -1.69%
2. MindMed (MMED): +76.36%
3. Champignon Brands (SHRM): 0.00%**
4. Numinus Wellness (NUMI): +48.61%
5. Field Trip Health (FTRP): -15.56%
6. Revive Therapeutics (RVV): +121.43%
7. Seelos Therapeutics (SEEL): +61.22%
8. Red Light Holland Corp (TRIP): +158.33%
9. Mydecine Innovations (MYCO): +34.38%
10. HAVN Life Sciences (HAVN): +19.51%

**The 3rd largest stock by market cap, Champignon Brands (SHRM), has been halted since June of 2020.

1. The worst performing trends are as follows:
2. Thoughtful Brands (PEMTF): -33.33%
3. Nova Mentis Life Sciences (NOVA): -21.43%
4. Field Trip Health Ltd. (FTRP): -15.56%
5. Compass Pathways (CMPS): -1.69%
6. Core One Labs (COOL): 0.00%

Psychedelic Investment is implementing minimum requirements to be included in the Index in order to better reflect the overall trends. As of this writing, this is the full list of companies represented by the Psychedelic Investment Index: