• Levitee Labs was founded in 2020, and went public in July 2021. It is a Vancouver-based company focused on the emerging psychedelic sector. Through a network of recently acquired operating mental health/addiction clinics, and specialized pharmacies, the company intends to introduce novel psychedelic treatments and medications, upon legalization of psychedelics. Although difficult to speculate on the timeline of legalization, we are expecting Health Canada to grant certain psychedelic substances, like MDMA and psilocybin, a “breakthrough therapy” designation in the next one to three years. This designation will allow practitioners to administer and prescribe psychedelic drugs to treat mental health/addiction issues.
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