'Titan Shrooms & Psychedelics' Formed to Spearhead Investments in New Frontier for Mental Health Treatments
VANCOUVER, BC / ACCESSWIRE / January 23, 2020 / Codebase Ventures Inc. ('Codebase' or the 'Company') (CSE:CODE)(FSE:C5B)(OTCQB: BKLLF), an investment company, announces that it has formed a wholly-owned subsidiary named Titan Shrooms & Psychedelics Inc. to spearhead its investments into the exciting, emerging market for mental health treatments using mushrooms and psychedelics.
'Mushrooms and psychedelics fit our mandate as an emerging sector with tremendous potential for those suffering from certain mental health issues, as was well documented on 60 Minutes at the end of December,'1 said Mr. Brian Keane, Director. 'We are encouraged by the fact that the FDA has granted breakthrough therapy status for trials into psilocybin, the naturally occurring psychoactive compound in psychedelic mushrooms. This bodes well for innovative therapies that can help millions of people with mental health conditions ranging from treatment resistant depression to anxiety and addiction - and there are indications that the treatments could become approved at some point in 2021 as reported in Rolling Stone.'2
The Company's subsidiary Titan Shrooms & Psychedelics will focus on identifying investment opportunities that meet with Company's investment mandate. The Company may invest up to $2 million CAD in such opportunities. CODE is an investment company and its investments focus upon new technologies or innovative and emerging industries that have the potential to provide shareholders with significant growth.
Titan Shrooms & Psychedelics is actively seeking investment opportunities at the forefront of the mushroom and micro-dosing psychedelic healthcare sector. Codebase is not averse to taking management positions as it relates to companies in which they are investing.
About Codebase Ventures Inc.
Codebase Ventures Inc. is an investment company, led by technology and business experts who invest early in great ideas in sectors that have significant upside, including the cannabis sector. We operate from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders. We seek out and empower the innovators who are building tomorrow's standards with platforms, protocols and innovations - not just products. We invest early, support our founders, take their ideas to market and work tirelessly to help them realize their vision.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Brian Keane, Director
Telephone: 1 (778) 806-5150
Forward Looking Statements
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SOURCE: Codebase Ventures Inc.
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