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Canadian psychotropics maker Lucy Scientific Discovery prices downsized US IPO at $4

February 8, 2023

Lucy Scientific Discovery, an early-stage psychotropics contract manufacturing company, raised $7.5 million by offering 1.9 million shares at $4.00. It previously planned to offer 2.0 million shares at that price

Lucy Scientific Discovery has a Controlled Substances Dealer’s License from Health Canada to produce and conduct research using psilocybin, psilocin, MDMA, and LSD. The early stage company aims to achieve production-scale manufacturing capabilities and cGMP certification by June 2023.

The Victoria, Canada-based company plans to list on the Nasdaq under the symbol LSDI. WestPark Capital acted as sole bookrunner on the deal.