Psychedelics
Mental health and finding alternative ways to improve health and wellness are at the forefront for many people today. While people have turned to what Westernized medicine considers traditional pharmaceuticals, the psychedelics industry is quickly leading the charge as an alternative for mental health treatments.
Even with the psychedelics industry in its nascency, the opportunities that exist across the value chain are quickly being uncovered by early adopters in the sector. Whether you are producing psychedelics for clinical treatments, operating a clinical or treatment center, creating nutraceutical or wellness products, or developing medical tourism experiences, the path to commercial success will require you to navigate this emerging and highly regulated sector.
In the psychedelics sector, the potential for rewards comes with many considerations when venturing into unchartered territory. Your path to success in psychedelics includes high barriers to entry and complex legal and regulatory hurdles. MNP’s highly qualified professionals are well-versed in emerging sectors and can help you to navigate these challenges and find your path to success.
MNP can help the psychedelics sector:
- Conduct informative market research and prepare an effective business plan
- Prepare statements for seeking financing, meeting regulatory requirements, forming key partnerships, generating cash flow, minimizing taxes.
- Build profitability, expand the scope of your organization, and undergo significant transactions – such as going public or M&A
- Access the knowledge guidance crucial to successfully navigate the path forward.
Solutions for Your Success
The psychedelics sector is young, entrepreneurial and rapidly evolving – and brimming with potential. Learn how MNP can help guide you to sustainable growth and success.
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Conducting research and development activities in the psychedelics sector could qualify you for SR&ED credits. Learn more about SR&ED here.
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Going public can support your growth objectives by helping you access new markets, increase publicity and elevate your business’ image. Learn more about Going Public here.
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Contact Our Food and Beverages Processing Team
Matt MacDonald MBA
National Leader, Food & Beverage Processing
Matt is MNP’s National Leader of the Firm’s Food and Beverage Processing practice and a Business Advisor, Assurance and Accounting, in Mississauga. Matt proactively helps clients manage their business and set strategic goals for both their personal and professional futures. By leveraging his extensive experience working with family businesses and clients across multiple sectors, Matt helps his clients implement practical business advisory, tax, and accounting strategies, along with strong business fundamentals.
An active participant in the food and beverage processing industry and various associations across Canada, Matt brings more than 15 years of experience to his role as a trusted advisor.
Matt received an Honours Bachelor of Arts (BA) in political science and economics from McMaster University and a Master of Business Administration (MBA) in executive leadership and finance from Liberty University.
Matt has extensive board experience in both the private and not-for-profit sectors, most recently serving as a national director for Make-A-Wish Canada. He sits on the Oakville Chamber of Commerce board of directors.