Allied Wants To Conquer Psilocybin Space, Plans To Acquire Pacific Sun Fungi

Medical cannabis company Allied Corp. (OTC: ALID) is taking the next step on its road to joining the psilocybin space.

The British Columbia-based company said it signed a letter of intent to buy the psilocybin company Pacific Sun Fungi.

This move comes as the next logical step in the company’s growth plans, as Allied previously announced it has submitted a provisional patent application for the company’s mushroom formulation focusing on depression and anxiety disorders.

Pacific Sun is known for its psilocybin-focused research and development activities over the last 10 years, …

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