$EHVVF plans to enter the $13 billion medicinal mushroom market with HAVN Life Sciences' biopharmaceuticals and Ei.Ventures MANA products. In advance of its acquisition of Ei.Ventures and plans to form PSLY.COM, Mycotopia Therapies has expanded its supply agreement with HAVN Life Sciences to include functional mushrooms, HAVN Life’s recently launched natural health products, and its line of white label products. PSLY.COM will also be the name of the recently acquired 12x 12 estate in The Sandbox, a virtual world where players can build, own, and monetize their gaming experiences on the Ethereum blockchain. This purchase, valued at $2.2 million, represents the third largest land sale in the Metaverse, and was the subject of a January 5, 2022 article in Forbes by A.J. Herrington titled Startup Plans Psychedelic Trips In The Metaverse With Sandbox Virtual Land Deal.
Under the existing agreement, HAVN Life supplied naturally-derived psilocybin compounds to Mycotopia for U.S.-based universities, researchers and companies. The expanded agreement will provide Mycotopia Therapies with HAVN Life’s functional mushrooms, as well as the white label supply and distribution of HAVN’s line of natural OTC health products currently being registered with the Jamaican Ministry of Health. Jamaica’s Ministry of Health, together with its Regional Health Authorities, make up the public health system and are responsible for health care delivery across the island. In addition to Jamaica, other CARICOM countries are currently considering psychedelic medicine.
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