The psychedelic-based wellness products space has attracted the attention of many investors in recent times and one of the stocks that could be worth tracking is that of Numinus Wellness (OTCMKTS:LKYSF) (CVE:NUMI).
This past Friday, the Numinus stock emerged as one of the major gainers and soared by as much as 28.50%. The rally in the stock was not driven by any news about the company but by the gains recorded by its peer Mind Medicine after it was listed on NASDAQ.
The Mind Medicine stock soared by as much as 65% upon listing and that might have driven the rally in Numinus. The company has been busy working towards ways of strengthening its research and development with regards to psychedelic products.
The company boasts of considerable scientific expertise and advanced facilities, which allows it to work on advanced products. On top of that, the Health Canada license has also been a significant factor in continued innovation.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.