MIAMI, FL–May 06, 2020–Ehave, Inc. has finalized its acquisition of Psychedelitech (“PsyTech”) in its Mycotopia subsidiary, and now owns PsyTech’s two divisions, PsyTech Connect and PsyTech Discovery. PsyTech Connect is the psychedelic community platform for live and virtual conferences and an online portal for psychedelics content. PsyTech Discovery will develop ventures in psychedelic therapeutics and education.
Through this transaction, Ehave, Inc. will build on its plan to nurture the development of therapies using psychedelics. Through PsyTech’s ecosystem, Ehave, Inc. plans to identify and commercialize innovative companies and create synergies between those companies and the research community.
“This strategic acquisition will allow us to fully realize the potential of a combined Ehave and PsyTech. We believe this combination will create more value for scientists, innovators, regulators, investors, our current and potential business partners, and advocates from around the world. We aim to open minds to the potential of psychedelic medicine,” said Ehave CEO Ben Kaplan. “First and foremost, with this acquisition, we plan to make the information from our PsyTech Conferences more accessible to investors and industry professionals.”
“PsyTech looks forward to what it can do for the psychedelics community and what it can do to develop solid ventures in psychedelic therapeutics as part of Ehave.” said PsyTech Managing Director Hayim Raclaw. “Our ventures through PsyTech Discovery and ethos remain the same, and this move should enable us to pursue that mission with more resources and have greater positive impact.”
“This deal will ensure that PsyTech becomes all that it can become, building a psychedelics ecosystem to accelerate innovation and bring value to patients, consumers, researchers, investors, and policymakers.” Said Saul Kaye, CEO of ICAN: Israel-Cannabis, PsyTech’s largest shareholder and home of the incubator that birthed PsyTech.
In other news, Ehave, Inc. and its subsidiary PsyTech hosted the latest in the series of PsyTech Webinars at 1:00 PM ET on Wednesday, May 6, 2020. This investor-focused edition of the webinar series was open to all and attracted individual and institutional investors, advisors, and analysts.
The featured industry experts included:
Bruce Linton, Former CEO of Canopy Growth and activist investor in psychedelics
Jayashree Mitra, Partner, Zuber Lawler & Del Duca
Alex Speiser, COO, Orthogonal Thinker
Hayim Raclaw (Moderator) Managing Director, PsyTech
The last PsyTech Webinar on April 22, 2020 was a huge success, and featured Christian Angermayer, the Founder of ATAI Life Sciences, Rick Doblin founder of MAPS, and Dr. Rosalind Watts of Imperial College Center for Psychedelic Research. Participants received information from industry experts on the latest advancements in psychedelic medicine, research, and policy. We also raised over $10,000 for the important work being done by MAPS, thanks in large part to Mr. Angermeyer.
About Ehave, Inc.
Ehave, Inc. (EHVVF) is a provider of digital therapeutics delivering evidence-based therapeutic interventions to patients. Our primary focus is on improving the standard care in therapeutics to prevent or treat brain disorders or diseases through the use of digital therapeutics, independently or together, with medications, devices, and other therapies to optimize patient care and health outcomes. Our main product is the Ehave Telemetry Portal, which is a mental health informatics platform that allows clinicians to make objective and intelligent decisions through data insights. The Ehave Infinity Portal offers a powerful machine learning and artificial intelligence platform with a growing set of advanced tools and applications developed by Ehave and its leading partners. This empowers patients, healthcare providers, and payers to address a wide range of conditions through high quality, safe, and effective data-driven involvement with intelligent and accessible tools.
PsyTech is building a vibrant community designed to explore psychedelic health and wellness, combat stigma, and accelerate innovation. PsyTech operates two matrix divisions that deliver revenue and build an equity portfolio: PsyTech Connect and PsyTech Discovery. PsyTech Connect is a premier psychedelic community platform for live and virtual conferences and an online portal for psychedelics content. PsyTech Discovery will develop ventures in psychedelic therapeutics and education. Learn more about PsyTech at www.psytech.biz
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