Lucy Scientific Discovery (NASDAQ: LSDI) Acquisitions Create ‘Golden Opportunity’ for Growth, Success
September 26 2023 - 8:30AM
NetworkNewsAudio –
Lucy Scientific Discovery
(NASDAQ: LSDI) announces the availability of a
broadcast titled, “From Instagram to High Times: Unpacking the
Power of Vast User Networks.”
To hear the AudioPressRelease, please visit: The
NetworkNewsAudio News Podcast
To view the full editorial, please
visit: https://nnw.fm/aK4Qa
Enter Lucy Scientific Discovery (NASDAQ: LSDI), a company that
has recognized the value in this counterintuitive approach. Lucy’s
recent share purchase agreement to acquire the total intellectual
property (IP) of High Times shows that the company truly
understands the immense value of a large, loyal audience. In an
all-stock transaction, the acquisition provides a stream of
high-margin licensing and royalty income from the well-regarded
High Times. More importantly, with its massive following, the High
Times acquisition offers a golden opportunity for Lucy Scientific
Discovery to introduce and distribute its products to a captive,
engaged audience, while benefitting from significant early-stage
revenue.
On closing, Lucy will acquire all the brand rights and fully
intends to monetize the broad-based IP through both current and
future royalty agreements. Lucy also plans to extend and enhance
the existing domestic and international licensing arrangements
currently held by High Times, including consumer products and
merchandise. The company expects to preserve the core essence of
the High Times brands and its followers while simultaneously
expanding the follower base and pursuing new avenues of growth and
development.
About Lucy Scientific Discovery Inc.
Lucy Scientific Discovery is a NASDAQ-listed company with
holdings and operations in a variety of psychotropic businesses.
The company holds a Controlled Drugs and Substances Dealer’s
License granted by Health Canada’s Office of Controlled Substances.
Lucy Scientific Discovery and its wholly owned subsidiary, LSDI
Manufacturing Inc., operate under Part J of the Food and Drug
Regulations promulgated under the Food and Drugs Act (Canada). This
specialized license authorizes LSDI to develop, sell, deliver and
manufacture pharmaceutical-grade active pharmaceutical ingredients
(“APIs”) used in controlled substances and their raw material
precursors. With a focus on pioneering innovative therapies for
patients in need, Lucy Scientific Discovery is dedicated to
advancing the understanding and applications of psychotropic
medicines, improving mental-health outcomes and enhancing
well-being for individuals worldwide.
For more information about the company,
visit www.LucyScientific.com.
NOTE TO INVESTORS: The latest news and
updates relating to LSDI are available in the company’s newsroom
at https://ibn.fm/LSDI
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