- Business
- Silo Wellness Inc. (CSE:SILO, OTCQB:SILFF) operates as a psychedelics and wellness company focused on developing and providing psychedelic therapies and functional mushroom products to support mental health and trauma reduction; core offerings include psilocybin-free functional mushroom tinctures, a psilocybin nasal spray formulation under development in Jamaica, guided psilocybin mushroom retreats in Jamaica and Oregon, psychedelic clinics, and legal functional mushroom consumer products such as tinctures, capsules, topicals, and edibles. The company, founded in 2018 and headquartered at 200 Consumers Road Suite 702 in Toronto, Canada, with foundational operations in Oregon, USA, pursues operations in jurisdictions permitting psychedelic activities including Jamaica for cultivation and retreats, Oregon for licensed services, and targets clients seeking transformative plant medicine experiences through evidence-based, client-autonomous journeys emphasizing safety, preparation, integration, and partnerships with local operators like Go Natural Jamaica. Recent developments encompass a binding letter of intent announced to acquire NUGL Inc. (dba Kaya Jamaica), operator of medical cannabis retail locations and wellness centers in Jamaica, in a transaction valued at CAD $43.3 million via issuance of 2 million treasury shares subject to shareholder approval and CSE halt; a strategic partnership with NUGL/Kaya to integrate psilocybin services into retreats; submission of a CSE listing statement for review of a proposed change of business to Born Defense; and appointment of defense finance leadership signaling diversification beyond psychedelics.