Psychedelic Drugs Draw Some Investor Attention—and Much Skepticism

A few entrepreneurs and investors see opportunity for novel mental-health treatments, but traditional health-care investors say it is too early

Psychedelic substances are gaining legitimacy as a treatment for mental illnesses, prompting a handful of entrepreneurs and venture-capital investors to look for business opportunities in the nascent sector.

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Joseph del Moral

Joseph is a serial entrepreneur and founder of Grassfed Ventures. He was the founder and CEO of CanvasRX which grew to be the largest cannabis clinic in Canada. After selling the company to Aurora Cannabis he joined their board of directors and, along with his partners led Aurora’s merger & acquisition and corporate development efforts resulting in over a dozen transactions. Prior to that Joseph co-founded Newten Home Comfort, a fast growing home services company acquired by Just Energy Inc. (JE.TO) in 2012. Prior to starting and growing Canadian Cannabis Clinics and CanvasRx, Joseph co-founded Newten Home Comfort, a fast growing home services company acquired by Just Energy Inc. (JE.TO) in 2012. He holds a Bachelor of Commerce Degree (Finance and Entrepreneurship) from McGill University.