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Field Trip Health Ltd. (CSE: FTRP; OTCQX: FTRPF) has announced that its common shares are now eligible for electronic clearing and settlement through The Depository Trust Company (DTC) in the U.S. This milestone is set to simplify share transfers and speed up trade executions, enhancing liquidity for investors. CEO Joseph del Moral emphasized that being DTC eligible strengthens the company's presence in U.S. capital markets. Field Trip aims to broaden its market access further by exploring potential up-listings or cross-listings to enhance liquidity.
Field Trip Health Ltd. has opened its first Texas location in Houston's River Oaks District, marking its fifth U.S. center. Construction is also underway for five additional centers in locations such as San Diego, Seattle, and Washington, DC. The company emphasizes the efficacy of psychedelic therapies for mental health issues like depression and anxiety. Dr. Ben Medrano noted the growing academic support for these therapies, with evidence linking psychedelics to enhanced creative abilities. The Houston center features a calming design, aiming to create a therapeutic environment for patients.
Field Trip Health Ltd. (CSE: FTRP, OTCQX: FTRPF) reported Q3 2021 patient services revenues of $316,329, a remarkable 235% increase from the prior quarter. The company continues to advance its FT-104 psychedelic molecule, with preclinical studies underway for Phase 1 trials. The digital platform, Trip, saw a 144% growth in active users. Field Trip is expanding its health centers with new locations in Amsterdam, Houston, and San Diego. After closing a $12.7 million public transaction and a subsequent $20 million offering, the company strengthens its cash position for future growth.
Field Trip Health Ltd. has launched the Field Trip Natural Products Limited Research and Development Laboratory for Psychedelic Fungi in Jamaica, marking the world's first legal facility dedicated to psilocybin research. This initiative is part of a strategic partnership with the University of the West Indies and aims to enhance the understanding of plant-based psychedelics for improving mental health conditions such as depression and PTSD. The facility will focus on breeding, genetics, and drug formulation, led by Professor Rupika Delgoda.
