Delic Archives - Green Market Report

Dave HodesMay 31, 2022


The shuffling of psychedelics companies into and out of success as shown in their respective quarterly earnings and annual reports over the last few weeks offers a glimpse into what it takes to survive and thrive in the industry. 

The strategic acquisition, development of novel therapeutics, and building awareness and collaborations are the names of the game today in what is still an emerging industry rife with challenges and opportunities.

Here’s a look at three such companies and their strategies:

  1. Delic Corp. (CSE: DELC) (OTCQB: DELCF) which bills itself as a “leader in new medicines and treatments for a modern world,” acquired Ketamine Wellness Centers LLC in November which owns and operates 10 ketamine infusion treatment clinics across Arizona, Colorado, Florida, Illinois, Minnesota, Nevada, Texas, Utah, and Washington. Ketamine infusions have emerged as a promising treatment option for chronic diseases and pain disorders. This $10 million acquisition makes the company the owner of the largest chain of wellness centers providing ketamine treatments in the U.S., and is a leading company building the psychedelics industry’s infrastructure.

Ace in the hole? Matt Stang, co-founder and CEO of Delic since January 29, 2021, was an owner and operator of High Times magazine for 17 years. Stang helped legalize cannabis in multiple states, and launched High Times’ most popular event, the Cannabis Cup, in the U.S. Stang is considered one of the most connected people in the alternative drug space. 

  1. Revive Therapeutics LTD. (OTCQB: RVVTF) (CSE: RVV), a specialty life sciences company focused on the research and development of therapeutics for medical needs and rare disorders, is building a specialty psilocybin-based product pipeline to treat mental illness, substance abuse and neurological disorders. They are launching their first clinical study evaluating psilocybin in the treatment of methamphetamine use disorder, and advancing the development of an oral psilocybin thin file strip and psilocybin microneedle patch.

Ace in the hole? The company is studying psilocybin as a potential treatment for stroke with the University of Wisconsin-Madison. It is one of the first companies to explore the role that psychedelics may play in the treatment of brain injury, with implications for treating Parkinson’s and other neurodegenerative diseases.

  1. Wellbeing Digital Sciences (NEO: MEDI) (OTC: KONEF) is an evidence-based healthcare company focused on innovative clinical solutions, artificial intelligence-powered digital therapeutics and contract research. One of its subsidiaries, KGK Science Inc., was selected by Lophos Pharmaceuticals Inc. for a novel study to evaluate a path to market for peyote-derived natural health products, one of just a handful of companies pursuing development of peyote for medicinal use. Wellbeing is also developing a study of patients with post-traumatic stress disorder who are undergoing the proprietary physical therapy program through another subsidiary, IRP Health.

Ace in the hole? Led by new Wellbeing CEO Najla Guthrie, the former chief medical officer of the company, who is also the president and CEO of KGK Science, the company became the founding sponsor of Women in Psychedelics Network (WIP) in May. WIP was created to bring women together in the psychedelic industry, of every discipline, and build a community based on education, support, growth, and experience as more women rise to the top of the psychedelics industry. One top woman in psychedelics Dr. Ekaterina Malievskaia, is the co-founder and chief innovation officer for Compass Pathways

Kaitlin DomangueMarch 4, 2021


It’s time for your Daily Hit of cannabis financial news for March 4th, 2021. 

On the Site

Columbia Care Guides Higher for 2021

Columbia Care Inc.  (OTCQX: CCHWF)  released preliminary results for the fourth quarter and full year ended December 31, 2020 and issued 2021 guidance. Actual revenue rose 228% in the fourth quarter to $76 million versus $23 million for the same time period in 2019. 

While this is a solid performance, it does miss the analyst estimates for revenue of $79 million in the fourth quarter according to Yahoo Finance. The combined results for the fourth quarter are listed as $81 million. 


Cannabis Companies Go On Buying Spree

This week has been unusually active as cannabis companies have been on a major buying spree.

  • Schwazze acquires Star Buds for roughly $72.3 million
  • Greenlane acquires Eyce for an undisclosed amount
  • Terra Tech buys UMBRLA, Inc., recently rebranded as Unrivaled for an undisclosed amount


PACT Act to Apply to All Vaping Products

Amendments to the Prevent All Cigarette Trafficking (PACT) Act may have caused cannabis to hit yet another setback. The PACT Actt has been amended to include “electronic nicotine delivery systems”, which looks inclusive to cannabis at first glance. However, it’s described as followed:

“any electronic device that, through an aerosolized solution, delivers nicotine, flavor, or any other substance to the user inhaling from the device including an e-cigarette; an e-hookah; an e-cigar; a vape pen; an advanced refillable personal vaporizer; an electronic pipe; and any component, liquid, part, or accessory of a device described without regard to whether the component, liquid, part, or accessory is sold separately from the device.”

This means that USPS can no longer deliver cannabis vape products to consumers. 


Delic Moves To Focus On At-Home Mushroom With Homestead Acquisition

Psychedelic media company Delic Holdings Inc. (OTCQB: DELCF) has acquired mushroom kit maker and media company Homestead brands in an all-stock deal. DELIC issued subordinate voting shares worth $50,000 and 50,000 incentive stock options were also granted to Homestead founder David Tatelman, with an exercise price of $0.58. David Tatelman will act as a consultant to the company.


Charlotte’s Web Moving Beyond Hemp

Well-known hemp CBD company Charlotte’s Web Holdings, Inc.  (OTCQX: CWBHF) is expanding beyond its current model with a planned acquisition of privately-held Stanley Brothers USA Holdings. Stanley Brothers is a cannabis wellness incubator currently operating in three states (Colorado, California, Florida) with expansion plans underway in eight additional states.

The acquisition though isn’t immediate. Instead, Charlotte’s Web is pursuing a five-year option plan valued at $8 million, which could be extended to seven years.

In Other News

Tryp Therapeutics Announces Application to List on OTCQB

Pharmaceutical company focused on identifying and developing clinical-stage compounds for diseases with complex and unmet medical care, announced today their application to list on the OTCQB® Venture Market OTCQB. 


Illinois Dispensaries See $2.88 Million in Daily Sales in February 

Illinois dispensaries sold almost $2.9 million dollars worth of cannabis last month, outpacing the record set just one month earlier. The state’s retail shops sold more than $80 dollars in adult-use cannabis last month, a slight drop from $88 million in February. 

Debra BorchardtJanuary 20, 2021


Psychedelic publisher Delic Holdings Inc. has begun trading its shares on the OTC Marketplace at roughly 45 cents per share. DELIC shares will continue to trade on the Canadian Securities Exchange (CSE) under the symbol CSE:  DELC, and now adds a U.S. trading component. The process was through a reverse takeover of Molystar Resources.

Former High Times Executives

Many of the top executives at Delic are former High Times employees. CEO Jackee Stang was once the Vice President of Content and Programming for High Times from November 2015 to October 2018. Director Kraig Fox was the former Chief Executive Officer and President of High Times Holding Corporation from April 2019 through December 2019. Fox was to lead High Times into becoming a public company, which hasn’t happened as of yet.

Matt Stang, Founder of DELIC said, “Now that DELIC is fully listed on the OTCQB, and has attained DTC eligibility for trade, we’ve made it significantly easier for US-based investors who are intrigued by the emerging psychedelic sector to buy shares in our growing company. This is an important step in our plans to tell our compelling story to a wider audience and materially grow our investor base across multiple markets.”

Delic’s business is comprised of four distinct segments: The Delic, Reality Sandwich, Meet Delic, and Delic Radio, which when put together, form the basis of a leading media platform in the psychedelics sector. The company did not produce any revenue in 2019. Total revenues for the period ending in June were $72,964. The net loss for that period was $143174. The company’s liabilities are $868,326. Jackee Stang is paid $120,000 and CFO Matthew Lee is being paid $44,000.

Delic’s Businesses

Through its various business segments, Delic provides educational and cultural information on the psychedelics space through various channels, including news, articles, commercial products, videos and podcasts as well as events and happenings in the sector, including films and art events. The educational topics explored by Delic’s various business segments include: arts, consciousness, sexuality and science, in the broader context of psychedelics. Via its podcast, Delic Radio, and other online platforms, Delic interviews leading experts in the field in psychedelics, including medical doctors and researchers who are able explain and educate visitors on the potential benefits of psychedelics.

The Delic generates revenue from merchandise sales of artwork, clothing and accessories posted on the website’s online store. Reality Sandwich currently operates purely as an informative website that discusses the potential benefits of psychedelics as well as other current affairs related to the topic, and it does not currently generate revenue. Similarly, Delic Radio does not currently generate revenue. Delic believes that as the topic of psychedelics becomes more prevalent and interest in the topic increases, there will be opportunities to sell paid advertising and receive sponsorship on a go-forward basis on The Delic, Reality Sandwich and Delic Radio. In regards to Meet Delic, the bi-annual event, Delic anticipates that it will be able to generate revenue from ticket sales, with average ticket prices of US$200, as well as sponsorship of the event, with average sponsorship fees of US$2,000.

Path To Public Company

Delic was formed under the laws of the State of Delaware on March 7, 2019 to address the growing interest in psychedelic science. The company was formed as the first psychedelic umbrella media platform and is currently a source for those interested in psychedelic science. Delic is a media, eCommerce and event company, and is not currently in the business of psychedelics or psychedelics research. Since the formation of the business, Delic established “The Delic” in May 2019. The Delic is an eCommerce lifestyle brand. The Delic showcases and sells artwork and apparel related to the brand. The Delic expects to grow sales going forward through search engine optimization and other measures to bring online and brand awareness.

On May 15, 2019, Delic acquired Reality Sandwich. Reality Sandwich is a free public education platform with over 10,000 pieces of content, serving up psychedelic guides, news, and culture. According to Delic company statistics, in 2019 there were between 500-800 daily users and over 20,000 monthly users on the site. In 2020, the number of users has increased to between 800-1,200 per day and there over 26,000 users per month. Page views in the last 12 months have been over 900,000. In May 2020, Delic had planned to launch “Meet Delic”.

Meet Delic is a biannual event that is a psychedelic wellness summit inspired to bring the worlds of wellness and psychedelic science together where thoughtful conversation about psychedelics can be had, at a state of the art venue in Los Angeles, California, bringing together thousands of attendees from all over the world. Due to the Covid-19 pandemic, both events in 2020, for the May and December dates, have been canceled until 2021. On June 1, 2020, Delic entered into an advisory agreement with Intrynsyc Capital Corporation to act as Delic’s corporate financial advisor on an ongoing basis. Pursuant to this agreement, Delic agreed to issue 750,000 Delic Shares to Intrynsyc prior to the close of the Transaction. In addition, Delic retained the services of a consultant, 1173225 B.C. Ltd., and has agreed to issue 262,500 Delic Shares in satisfaction of the services provided, prior to the close of the Transaction.


Choose Your News

Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox.


By continuing I agree to your Privacy Policy and consent to receive relevant newsletters and other email communications on events, editorial features, and special partner offers from Green Market Report. I can unsubscribe or change my email preferences at any time.

About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


Recent Tweets

@GreenMarketRpt – 33 mins

Charlotte’s Web Sales Fell in 2022 as CBD Demand Fades

@GreenMarketRpt – 4 hours

Exclusive Interview: Untangling New York’s True Party of Ownership Rule

@GreenMarketRpt – 12 hours

Emerging East Coast State Markets to Buoy Cannabis Industry as Legalization Stalls

Back to Top

Choose Your News

Subscribe to the Green Market Report newsletter that gives you original content delivered straight to your inbox.


By continuing I agree to your Privacy Policy and consent to receive relevant newsletters and other email communications on events, editorial features, and special partner offers from Green Market Report. I can unsubscribe or change my email preferences at any time.