Bullboard - Stock Discussion Forum Silo Wellness Inc C.SILO

Silo Wellness, Inc. is a Canada-based global psychedelics company. The Company is engaged in psilocybin wellness retreats. It offers psychedelic wellness retreats in Jamaica and is focused on doing the same in Oregon, United States. It also maintains rights in intellectual property (IP). It intends to offer psilocybin retreats in Oregon as well as pursue a clinical psilocybin-assisted... see more

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Silo Wellness Inc > Silo Wellness, keeping a close eye on this one

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Post by ProfPennyPinch on Apr 23, 2021 1:22pm

Silo Wellness, keeping a close eye on this one

Added a new one to my watchlist - $SILO (Silo Wellness). They are a producer of psychedelics and psilocybin nasal spray which also has a deal with the family of Bob Marley to have exclusive rights to create a Bob Marley brand of psychedelics. Additionally, the company runs retreats in Jamaica (recently announced 5 new “psychedelic wellness” retreats that will take place with the last one ending July 31).

https://www.globenewswire.com/news-release/2021/04/21/2213993/0/en/Silo-Wellness-Announces-Five-New-Psychedelic-Wellness-Retreats-in-Jamaica.html

Seeing strong support levels at $0.17 and with a current market cap of $12.5M they still have a lot of room to grow here. Just from the news flow this year I can see a lot of growth and preparations for the future.

The psychedelic industry has had a lot of noise this year. New research studies, big IPOs, and inquiries into government legalization have all contributed to the term “shroom boom.” I’m expecting big things for the next few years and I’ll be watching $SILO closely.