Silo Pharma Looks to Become a NASDAQ Biotech


Ryan Allway

October 4th, 2021

Psychedelics, Top Story


Silo Pharma Inc. (OTCQB: SILO) is a cutting-edge, development-stage biotechnology company focused on merging traditional therapeutics with emerging psychedelic research for people suffering from indicators such as depression, post-traumatic stress disorder, Parkinson’s disease, and other rare neurological disorders, representing billion-dollar markets.

The company submitted an initial application to list on the NASDAQ Capital Market—a move that could provide greater liquidity and attract institutional investors. The uplisting could also increase the stock’s price by making it easier for mainstream investors to purchase the stock in accounts prohibiting over-the-counter securities.

Let’s look at how the company is building a foundation for success with blue-sky potential ahead.

Building a Foundation

Silo Pharma recently disclosed the sale of 1,000,000 shares of DatChat Inc., a non-core asset, for aggregate proceeds of approximately $6.6 million. The move further improves the company’s robust balance sheet that consisted of more than $4 million in cash and just $1.2 million in total liabilities last quarter.

The company has ample cash on its balance sheet to continue its collaborations with the University of Maryland-Baltimore (UMB), University of California-San Francisco (UCSF), and Zylo Therapeutics. In addition, the company continues to build out its psychedelic patent portfolio that lays the groundwork for clinical trials ahead.

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The company’s partnerships and IP portfolio serve to validate its patented drug delivery system that lies at the heart of its business. Unlike pharmaceutical companies that put all of their eggs in one basket, its management team aims to reduce risk through these validations and focus its efforts on licensing agreements.

Massive Opportunities

Silo Pharma’s unique delivery technology could have a significant impact across many different medications and indications. In essence, the technology delivers traditional therapeutics, psilocybin, or other psychedelic drugs directly to targeted areas of the body to reduce toxicity and the amount of medication required.

The company’s initial research agreements and joint ventures focus on multi-billion dollar opportunities, such as Parkinson’s disease, bipolar disorder, chronic back pain, multiple sclerosis, and other conditions. Meanwhile, its collaboration with Zylo focuses on adding a transdermal delivery mechanism to improve efficacy further.

Finally, the company’s licensing-focused business model could pave the way for a combination of upfront licensing payments and ongoing royalties with minimal capital expenditures. As a result, investors could see recurring income that’s tied to the success of its patented drug delivery system without significant dilution over time.

Looking Ahead

Silo Pharma Inc. (OTCQB: SILO) provides investors with entry into the exciting psychedelics industry and the recent $6.6 million asset sale should accelerate their business model. With plans to list on the NASDAQ, the company could be nearing an inflection point with easier access to capital and a more extensive shareholder base.

For more information, visit the company’s website or download their investor presentation.

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The above article is sponsored content. CannabisFN.com and CFN Media, have been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


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