Havn Life applies for licence to produce and sell psilocybin

Vancouver, BC – Havn Life Sciences Inc. (CSE : HAVN) (FSE : 5NP) (the “Company” or “Havn Life”),  a biotechnology company focused on unlocking human potential using evidence-informed research and developing standardized psychoactive compounds derived from plants and fungi, is pleased to announce it has submitted an application to Health Canada to obtain a Controlled Drugs and Substances Dealer’s Licence (“Licence”) for Psilocybin and Psilocin.

This Licence, when issued, will permit Havn Life to sell naturally-derived psilocybe spp compounds, under the Controlled Drug and Substances Act, to universities, researchers and companies.

“Helping researchers unlock the benefits of natural medicines is the first step that must be taken to move this industry forward,” said Alexzander Samuelsson, Chief Research Officer of Havn Life. “This is an entirely new industry that is being built from the ground up and the potential natural medicines have only begun to be explored. We are committed to playing a key role in this emerging field of research once we have earned our license to sell naturally-derived psilocybin in Canada.”

“Psychedelics have been used as a medicine for centuries, but there is still so much work to do to bring these treatments to the masses,” said Dr. Ivan Casselman, Chief Psychedelic Officer of Havn Life. “We are committed to developing safe, quality controlled, naturally derived products from Psilocybe spp. mushrooms. With the Controlled Drugs and Substances Dealer’s Licence we will have the ability to develop a standardized, quality-controlled supply chain of psychedelic substances for use by researchers, universities and companies.”

Earlier this year, Havn Live was granted a Section 56 exemption from Health Canada to begin work with psilocybin. The Section 56 exemption licence grants Havn Life the ability to possess psilocybin for research purposes, specifically for the development of quality control methods.