late tuesday, Origin Therapeutics Holdings Inc. ORIGINan investment issuer that has historically focused on companies in the psychedelics industry announced that it has signed a binding letter of intent (LOI) to acquire all issued and outstanding securities of Safe Supply Streaming Co., a streaming pharmaceutical company and investment firms into acquiring the secure supply ecosystem.

The completion of the transaction, according to Origin, is expected to create the world’s first publicly traded pharmaceutical and narcotics investment company “aimed at creating a global powerhouse positioned to take advantage of the fast-growing safe narcotics sector and ecosystem as a whole.” .

“This is an important milestone in Canadian political history and marks the third and final wave of exposure to narcotics here in Canada following the success of cannabis and psychedelics in previous years,” Bill Panagiotakopoulos, CEO of Safe Supply Streaming, said gasoline ga exclusively.

“Canada will be the first G7 country to take such a bold step to address the fentanyl crisis and create a secure ecosystem of supply. This will only be productive if at the same time we include rehabilitation in the framework and intend to be heavily involved in this healing process through our various ventures,” Panagiotakopoulos added. “We are honored to be the first pharma/drug streaming company with a first mover advantage and a clear, efficient path to a public exchange listing, giving us a strong foundation in this burgeoning sector. “

Subject to the terms of the LOI and other terms to be agreed, Origin has agreed to lend Safe Supply up to $500,000 as interim financing to enable it to meet near-term business goals.

Closing of the transaction is subject to a number of conditions, including:

• (i) the completion of the Definitive Agreement;
• (ii) the consolidation of the Company’s existing share capital on a 4-for-1 basis or such other basis as mutually agreed…