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XPhyto Therapeutics Corp. (CSE: XPHY) (OTCQB: XPHYF) (FSE: 4XT) is a bioscience accelerator involved in the development of new pharmaceuticals, diagnostic products, and psychedelic medicine.
As a part of its business strategy for the year 2021, the company plans to commercialize its rapid PCR kit, “the one internationally recognized standard for testing Covid-19.” This announcement was made on January 18, 2021, when the company outlined its business strategy for 2021.
XPhyto’s rapid PCR diagnostic kit, secured through a strategic German alliance with 3a-diagnostics GmbH (“3a”), is a low-cost disposable kit with a turnaround time of fewer than 30 minutes. XPhyto is positive about the successful validation of the PCR kit for the European commercial (CE-IVD) approval in Q1 2021 (https://ibn.fm/cJpDM).
Why is a Rapid Testing Kit critical in controlling the COVID pandemic?
With vaccines rolling out sporadically, a rapid definitive kit could play a pivotal role in 2021 to bring the pandemic under control. PCR kits are reliable and accurate tests for Covid-19 diagnosis.
XPhyto’s quick-turnaround time makes this PCR kit well-suited for mobile and pop-up labs. It is very important as the main hurdle for covid-19 testing is the long turnaround time that ranges from 4 hours to a few weeks.
This innovation is expected to be welcomed by the government and the healthcare providers who struggle with the bottlenecks of difficult diagnostic procedures (https://ibn.fm/Irm4I).
In the same news release, Hugh Rogers, CEO and Director of XPhyto, stated that the company is geared to make continued investments and development in the arena of psychedelic medicine.
As per the statistics from the US Center for Disease Control (“CDC”), 11% of Americans have contemplated suicide since the Covid-19 outbreak. Millions of Americans and Europeans are suffering from anxiety and mental illnesses, especially amidst the coronavirus outbreak. This phenomenon has expedited the development of psychedelic compounds for the formulation of mood-improving therapeutic pharmaceutical drugs (https://ibn.fm/Uk8aW).
Professor Löbenberg, a reputed scientist and director of XPhyto Therapeutics Corp holds Health Canada licenses for research and analytical testing of a wide range of psychedelic compounds, including molecules like LSD, psilocybin, and MDMA.
In addition to Dr. Löbenberg’s drug development experience, XPhyto’s German subsidiary –Vektor Pharma TF GmbH – has globally recognized drug delivery technology and manufacturing capabilities. Prof. Dr. Thomas Beckert, managing director of Vektor Pharma TF GmbH stated that the year 2021 will be pivotal for Vektor as the company will establish itself for commercial manufacturing, pipeline development, and drug formulations for critical mental health conditions (https://ibn.fm/hhgxP).
The market intelligence firm, Data Bridge Market Research, estimated that the psychedelic pharma market could grow to almost US $7bn by 2027 (https://ibn.fm/YF7Md). Another noted Canadian investment bank, Canaccord Genuity, estimates that the budding psychedelic industry will go on to be worth US $100bn. Companies like XPhyto Therapeutics enjoy an early-mover advantage that will give an edge over business opportunities among competitors within this science-driven psychedelic era.
For a full report on XPhyto’s research and innovation for Psychedelic drugs, read the article https://ibn.fm/4WlM0.
About XPhyto Therapeutics Corp.
XPhyto Therapeutics is a bioscience accelerator focused on next-generation drug delivery, diagnostic and new active pharmaceutical ingredient investment opportunities including precision transdermal and oral dissolvable drug formulations; rapid, low-cost infectious disease and oral-health screening tests; and standardization of emerging active pharmaceutical ingredients for neurological applications, including psychedelic compounds and cannabinoids. XPhyto has research and development operations in North America and Europe, with an operational focus in Germany, and the company is currently focused on regulatory approval and commercialization of medical products for European markets. For more information about this company, please visit www.XPhyto.com.
NOTE TO INVESTORS: The latest news and updates relating to XPHYF are available in the company’s newsroom at https://ibn.fm/XPHYF
Pure Extracts Technologies (CSE: PULL) (OTC: PRXTF) (XFRA: A2QJAJ), a plant-based extraction company focused on the cannabis, hemp, and functional mushroom sectors, has provided investors with an update in regards to its ongoing study on the formulation and manufacturing of psilocybin-based active treatments through the provision of oral tablets and capsules, as well as a nasal gel which is set to be used as an investigational product (https://ibn.fm/p8GT0).
The study, which is being carried out according to Canadian Good Manufacturing Practice as well as Good Clinical Practice, is set to focus on the formulation, manufacturing and clinical bioavailability testing of rapid onset psilocybin forms – with the latter set to be used in future efficacy clinical trials carried out by both Pure Extracts and its pharmaceutical customers.
The Company has revealed that the research study, which will extend for a 250-day period, will pursue a number of milestones, including:
The study is scheduled to be carried out at the Toronto Institute of Pharmaceutical Technology (“TIPT”) and is set to be overseen by Dr. Alexander MacGregor, a pharmaceutical science inventor and expert in the field of pharmaceutical technology and novel drug delivery systems. Dr MacGregor has successfully applied for a wide variety of global patents in the field of medical treatments and pharmaceutical drug delivery technologies, with his various innovations resulting in ground-breaking therapeutic drugs for the treatment of cancer, management of diabetes, systemic infections and post-operative pain.
“We are excited about the R&D progress we are going to make with TIPT over the next 6 – 8 months while waiting to receive our Dealer’s License from Health Canada,” commented Pure Extracts’ CEO Ben Nikolaevsky regarding the study and tie-up with the TIPT. “We will be well prepared for our move into the controlled substances world of psychedelics and will have advanced knowledge regarding psilocybin and its associated novel delivery mechanisms.”
While psychedelics continue to be classified as a controlled substance in Canada, officials in the Canadian Government stated in November of 2020 – in response to an earlier petition tabled in Parliament – that there were still avenues whereby certain individuals could gain exemptions to legally consume them.
The group behind the petition, the Canadian Psychedelic Association (https://ibn.fm/fDyBC), said when the petition was originally read before Parliament in September that entheogenic medicines “could be the crucial missing piece in healing epidemic rates of depression, anxiety, PTSD, and drug addiction while empowering people to realize greater wholeness, purpose and connection.”
Nonetheless, the Canadian Government’s statement came only shortly after U.S. voters approved a measure to decriminalize the possession of plant-and fungi-based entheogenic substances, while voters in Oregon went further still – passing a reform initiative seeking to legalize psilocybin mushrooms for therapeutic use (https://ibn.fm/K3mqh).
Through its ongoing study delving into psilocybin based active treatments, Pure Extracts is now seeking to be at the very forefront of the product development curve should Canadian governmental authorities opt to legalize the use of psychedelics and psilocybin mushrooms in the coming future.
For more information, visit the company’s website at www.PureExtractsCorp.com.
NOTE TO INVESTORS: The latest news and updates relating to PULL are available in the company’s newsroom at https://ibn.fm/PULL
PowerTap Hydrogen Fueling Corp., a majority-owned investee interest of investment issuer Clean Power Capital (CSE: MOVE) (FWB: 2K6) (OTC: MOTNF), is stepping up its dedication to clean energy infrastructure through cost-effective hydrogen fuel IP, modular fuel station product design flexibility and a launch plan for building a fueling network across California and into the rest of the nation.
PowerTap recently announced the appointment of auto racing legend Michael Andretti to its board following its January agreement with the businesses collectively known as the Andretti Group to install its 1,250-kilogram hydrogen production and dispensing stations at certain Andretti properties and to further market the stations to Andretti’s deep network of outside oil companies, chain retailers, cardlock operators and independent fueling stations.
The Andretti Group family of companies includes more than 100 retail chain stores focused on fuel, convenience and food operations. It runs or supplies facilities under the Chevron, Texaco, Shell, 76, Circle K, Pacific Pride and CFN brands, among others, throughout California, Oregon and Washington, according to the news release (https://ibn.fm/GI9vP).
PowerTap and the Andretti Group released further details on Feb. 8 regarding their strategic business model for the fueling stations and the ways PowerTap and retailers will benefit from the operation. Key points include using sites where the retailer can provide PowerTap with the necessary land for its modular hydrogen production and dispensing units without the need for lease expense to PowerTap and the retailer generates a profit from fuel sales by traditional methods, while PowerTap installs and maintains the units.
While the retailer is able to benefit from new traffic and find a new use for under-utilized land, PowerTap is able to operate its units without land expenses and is able to offer its customers the amenities inherent in existing fuel retail sites, leveraging the expertise of the Andretti Group’s affiliates.
“This exciting win-win relationship between PowerTap and the Andretti Group along with their industry partners will accelerate the deployment of our proprietary patented hydrogen production and dispensing technology, and provide a particularly compelling revenue share model with mutual benefit for all partners,” Incoming PowerTap President Salim Rahemtulla stated in the company’s announcement (https://ibn.fm/FRjnR).
North America’s renewed commitment to pursue “clean energy” through sources such as hydrogen fuel, as demonstrated by new U.S. President Joe Biden’s executive orders driving the country toward a carbon pollution-free power sector by 2035 (https://ibn.fm/jAXDY), coupled with Canada’s recently announced hydrogen strategy for building a net-zero carbon emissions infrastructure within the next three decades (https://ibn.fm/fZDVN) and Prime Minister Justin Trudeau’s acknowledgement that the two countries are poised to become collaborative partners in the clean energy supply chain (https://ibn.fm/cbl43), are further cause for excitement at PowerTap and Clean Power Capital.
PowerTap’s hydrogen-based technology is already being utilized at some hydrogen stations located at private and public sites in California, Texas, Massachusetts and Maryland. Clean Power announced Feb. 8 that it has increased its investment in PowerTap from a 90 percent equity interest to 94.5 percent as the Andretti agreements continue to build momentum (https://ibn.fm/LFkpy).
Clean Power holds 10 investments in varied sectors but restructured its corporate investment policy last year to focus on renewable energy. The company successfully held nearly $120 million in investments during 2020.The consideration paid for the additional 4.5 percent of PowerTap this year consisted of an aggregate of 18 million common shares in the capital of the company at a value of $2.72 per consideration share. The vendors have an arms-length relationship to each other and none of them individually owns more than 10 percent of the company’s shares on a non-diluted basis.
Clean Power is listed on the Canadian Securities Exchange’s CSE Composite Index (R) and the CSE25 (TM) index, and the company announced in December that it has formed a strategic committee to examine the possibility of listing common shares on the NASDAQ exchange in the United States (https://ibn.fm/2f2Yl).
For more information, visit the company’s website at www.CleanPower.Capital.
NOTE TO INVESTORS: The latest news and updates relating to MOTNF are available in the company’s newsroom at https://ibn.fm/MOTNF
January 30, 2026
Disseminated on behalf of Fairchild Gold Corp. (TSX.V: FAIR) (OTCQB: FCHDF) and may include paid advertising. Fairchild (TSX.V: FAIR) (OTC: FCHDF) is consolidating its investments in gold and copper, two critical metals in today’s global economy. With markets confronting a structural shift in the way supply chains, energy, and infrastructure are developed, the company is […]
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