Nutraceutical firm Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) continued to pay for its expansion into psychedelics clinics, posting a $5.4 million loss in the second quarter ended June 30, down from a $111,000 profit for the same period a year ago. Total losses for the year so …

Red Light Holland Corp. (CSE: TRIP) (OTCQB: TRUFF) reported a solid boost in sales in its first-quarter financial statements ending June 30. The Ontario-based psilocybin truffles company recorded revenue of $1.2 million for the period, an increase of 53.1% compared to $800,000 in 2022, and gross profit of $500,000, up …

Silo Wellness, Inc. (CSE: SILO) (OTCQB: SILFF) is buying NUGL Inc. (OTC Pink: NUGL) in a deal valued at C$43 million. Last month Silo announced it was partnering with Jamaica-based Kaya Group, which is owned by Nugl. Nugl and Kaya merged in April 2022 to form a multifaceted cannabis lifestyle …

Toronto-based Cybin Inc. and UK-based Small Pharma Inc. have announced a definitive agreement for Cybin to acquire all outstanding securities of Small Pharma in an all-share transaction. The move will combine the two companies’ efforts in developing psychedelic-based treatments for mental health conditions. The combined portfolio will include 28 granted …