Psychedelic company developing psychedelics products which improve mental health and wellness Silo Wellness Inc. (CSE: SILO) has announced that it will be building mushroom stores in Jamaica.
The company says it has signed a letter of intent with Canada based mushroom company Mushe Inc. to establish the first legal function and psychedelic mushroom retail outlet in Jamaica. This was announced by Silo’s chief executive, Douglas K. Gordon.
“As a company, we are very bullish about the high-potential functional mushroom category and the psychedelics sector as a whole. We continue to invest in and expand our operations in Jamaica, the only country where the cultivation, extraction, and sale of psilocybin mushrooms is permissible,” said Gordon.
As per the Silo’s statement, the two companies will set up and operate a smart shop retail business focusing on selling functional and psychoactive mushroom products such as edibles, tinctures, capsules and topicals.
“Consumers are increasingly interested in incorporating mushrooms into their wellness routines. Through our propagation operations, psychedelic wellness retreats, and upcoming retail location, it’s our aim to make mushroom-based products, experiences, and education accessible at a time when so many people are struggling with mental health and other issues,” added the CEO.