Mydecine Innovations Group Files Prospectus Supplement

As medical marijuana becomes more widely available in the US, one Canadian company is looking to take advantage.

Mydecine Innovations Group Inc.

has entered into subscription agreements with third-party investors to raise up to $3,750,000 through the sale of up to 18,750,000 common shares at a price of $0.20 per share, per a press release.

The company expects to close the deal on or about Sept.

16, 2023, per the release.

Mydecine, which is based in Vancouver, is a biotechnology company "engineering the next wave of innovative medications and treatment protocols to directly address mental health with a particular emphasis on addiction and PTSD," per the release.

Mydecine's lead product is MYCO-006, an analogue of the active ingredient in marijuana known as MDMA, or ecstasy, that has been shown to be effective in treating pain, anxiety, depression, addiction, and post-traumatic stress disorder, among other conditions.

Mydecine's CEO, Joshua Bartch, tells the CBC that the company's research and development team is working with artificial intelligence to create medications that are affordable to the general public upon FDA and Health Canada approval.

(New York Gov.

Andrew Cuomo has signed a bill making recreational marijuana legal in the state. Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Featured Resource


Xprize Competition to Extend Life Announced by Longevity Investor Peter Diamandis

"If I'm 62 right now, my mission is to do everything I can to give myself those extra decades to intercept those technologies coming our way," Fortune quotes Peter Diamandis as saying. Diamandis...more

Ping An Health Wins Good Design Award for Its Innovative Design

Japan's Good Design Award has given its top honor to a company that "stands as a testament to human-centric design," per a press release. That company is China's Ping An Health, which has just...more

Preparing Students to Work for Nonprofit Employers

When you think of the fastest-growing segments of the US economy, cybersecurity or data science come to mind. But "to my astonishment, nonprofits are the fastest growing sector," writes David...more

How to Fight Power by Building Power

If you're an Amazon employee in California, you're in luck. A group called PowerSwitch Action is fighting back against what it calls "outsized and entrenched corporate power" with a strategy it...more

Talking 66 Express Lanes, Students Learn the Ins and Outs of Philanthropy and ...
Foundation: Northern Piedmont Community Foundation, Piedmont Community Foundation, Ford Foundation

Virginia's I-66 Express Lanes opened a year ago, and they're already causing major headaches for drivers in northern Virginia, CBS News reports. According to a Virginia Department of...more

Senior Academic Philanthropy Leader Kim M. Morton, Jd, Ma, Named New ...

"Her background working in academic medicine, as well as leading the fundraising efforts in a variety of professional schools uniquely positions her for success." So says the new associate dean...more

Head and Heart Philanthropy Launches Mosaic Genius Tech Studio for Tech Entrepreneurs in Africa

"The genius on the continent is unmatched and building this new bridge across the diaspora is exciting." So says Christal Jackson, founder of Mosaic Genius, a philanthropic arm of the tech...more

What Is the Future of Philanthropy? 4 Local Nonprofit Leaders Weigh in

"Philanthropy isn't good only for the person being helped, it's also good for the philanthropist." That's the takeaway from an interview with Jaimie Trussell, president and CEO of the Council of...more

Nursing Gets 1% of Healthcare Donations

"I knew it was going to be small," Kate Judge, executive director of the American Nurses Foundation, tells Chief Healthcare Executive. "It is a surprise, but it's something that can get...more

Billie Jean King Pays Tribute to Former Us First Lady Rosalynn Carter after Her Passing at the ...

"Thinking of the entire Carter family, as they attend Rosalynn's memorial service in Atlanta today." That's Billie Jean King's tribute to former first lady Rosalynn Carter, who died Nov. 19 at...more






Ontario, Canada is seeing an emergence of thousands of social enterprises and the Ontario government hopes to tap into the social enterprise movement.




Social Sector Jobs

  Social Work Jobs
  Education Jobs
  Education Jobs
  Program Director Jobs
  Program Director Jobs


Federal Government Grant and Assistance Programs


Tribal Energy Development Capacity Grants | Centers for Medicare and Medicaid Services (CMS) Research, Demonstrations and Evaluations | National Community Centers of Excellence in Women"s Health | Corrections_Training and Staff Development | Overseas Refugee Assistance Programs for East Asia | Congressionally Identified Awards and Projects | Aeronautics, Recovery Act | Veterans Prosthetic Appliances | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2023 Copyright Michael Saunders