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Investor Ideas #Potcasts 636, #Cannabis News and #Stocks on the Move: 2nd Interview with Pankaj Gogia, CEO of Psychedelic Water; @Psychedelic_H2O
Investor
Ideas #Potcasts 636, #Cannabis News and #Stocks on the Move: 2nd Interview with
Pankaj Gogia, CEO of Psychedelic Water; @Psychedelic_H2O
Delta, Kelowna, BC, August 31, 2022
(Investorideas.com Newswire), investorideas.com, a global news source covering leading sectors
including marijuana and hemp stocks and its potcast site release today’s podcast edition of cannabis news and stocks to watch plus insight
from thought leaders and experts.
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2022/083122-StocksToWatch.mp3
Read
this in full at https://www.investorideas.com/news/2022/cannabis-potcasts/08311Interview-Psychedelic-Water.asp
Hear Investor ideas
cannabis potcast on iTunes
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ideas potcast on Spotify
Today’s podcast overview/transcript:
In today’s podcast Investorideas
interviews Pankaj Gogia, CEO of Psychedelic Water, where we discussed how the company has developed
and grown since our last interview, what new products they have
coming out as well as how he sees the future of psychedelics expanding and
Psychedelic Waters place in that sector.
Since our last interview in December of
2021, the company has been keeping busy as Gogia discussed, saying “it’s been
an amazing six months. We’ve been focussing on growing the business. When we
stated our focus was E-commerce and a direct to consumer model and now this
year we have been focussing on our retail presence. I’m happy to announce we
are in over 500 stores right now and have distribution in eight different
states. We’re seeing a lot of traction in our existing stores as well as demand
from news stores so it’s been an amazing and a pleasant journey from that
perspective. We work with Urban Outfitters, who is not a typical food and
beverage retailer, but I think they just saw a great alignment with what we
have. We have been able to grow that from our original discussion with a trial
online, then a few stores and then as of July 1st we are in all of their stores
across the US.”
When asked about how Psychedelic Water
has faced some of the issues the entire CPG industry has faced over the past
few years with regards to supply chain issues and distribution problems, Gogia
commented, “Just like every CPG brand out there we do have supply chain
challenges as well. We have had some issues with procuring certain items,
ingredients or materials which has delayed certain things for us and caused us
to have stock outs for sure. The demand is there and we are working through
those challenges and we should expect most of our products to be back in stock
in the next month. We believe that these challenges are a good thing at the end
of the day because they force us to learn and adapt and find alternative
suppliers.”
Even amidst these global supply chain
issue, Psychedelic Water continues to innovate and improve by adding new
products to their line like “Microdose”. Gogia explained, “we launched a
new product called “Microdose” which is a shot size product. Unlike our cans
these are things that can be taken on a daily basis which will provide more of
a long term impact to you. This one the idea is, it’s like a regular microdose,
they’re made with mushrooms like Lion’s Mane, Chaga and Cordyceps as well as
some nootropics as well and over the long term it’s supposed to increase your
focus, improve your creativity and help you relax.”
So essentially this product is a
healthier alternative to the classic 5-hour energy shots.
“A lot of the things with any energy
drinks is they give you a short term boost but then a crash later, whereas with
our product it’s more about a more sustained level of energy as well as
improved mental capacity. We launched in two flavours, one is Ume+Sakura which
is whole plum and cherry blossom and then the second is Peach+Orange+Ginger,
and the ginger adds a little bit of spice which helps wake you up,” Gogia
concluded.
Gogia went on to discuss how to discuss
how the product has continued to grow as an online brand through social media
outlets such as Tik Tok, how they have seen a shift in demographics as the
brand gains more exposure online and in physical retail stores as well as how
Psychedelic Water has helped shift people’s opinion of psychedelics in general
and how Psychedelic Water is preparing for further legal changes towards
psychedelic ingredients.
Looking at how
companies like Psychedelic Water could impact the future of the beverage
industry and how psychedelics overall could impact the alcohol industry, in recent news a recent study published in JAMA Psychiatry has shown that psilocybin
therapy, in addition to psychotherapy, reduced the number of heavy drinking
days and average daily alcohol consumption in individuals with alcohol use disorder compared with an
antihistamine placebo and psychotherapy.
This is the first
randomised clinical trial (RCT) to show that psilocybin could help reduce
excessive drinking in individuals with alcohol use disorder.
“Our findings
strongly suggest that psilocybin therapy is a promising means of treating
alcohol use disorder, a complex disease that has proven notoriously difficult
to manage,” said study author, Dr. Michael Bogenschutz, director of New York
University’s Langone Centre for Psychedelic Medicine, in a news release.
We have also recently seen a top Canadian health official
who heads up the country’s efforts to combat addiction visit Colorado, Oregon
and Washington State last week to learn about their experiences implementing
drug policy reform like broad decriminalisation and harm reduction—meeting with
the governor of Oregon and psychedelics activists, among others, on a week-long
tour.
Liberal MP Carolyn Bennett, who serves as
Canada’s minister of mental health and addictions, met with top state
officials, activists, harm reduction professionals and law enforcement to
discuss how jurisdictions on the other side of the border are addressing drug
policy and working to mitigate the overdose crisis.
“We’ll be sharing evidence, talking to
people with lived and living experience, and discussing how our governments can
learn from one another,” the minister, who recently authorized a drug decriminalization pilot program
in one of Canada’s largest provinces, said ahead of the regional tour.
Gogia is confident
these trends towards decriminalisation and adoption of psychedelics by the
masses will continue to move forward and he is sure Psychedelic Water will be
at the forefront of product development as these developments continue.
To find out more information about
Psychedelic Water visit their website at www.psychedelicwater.com
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