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InnerPath Wellness SVG LTD receives license from government

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InnerPath Wellness LTD. (Private Company) (hereto “InnerPath”), a psychedelic therapeutics company focussed on the evolution of mental healthcare and wellness through integrative, psychoactive medical therapies, has received a federal Medicinal Industry Development Licence (“Licence”) from The Government of Saint Vincent and the Grenadines (“SVG”).

SVG is establishing a National Modern Health and Wellness Industry using plant, fungi and synthesised compounds, broadly classified as psychedelics, for medical use. The desired outcome of the National Modern Health and Wellness Industry is a commercially viable, science-based, health and wellness ecosystem in SVG.

The Licence is granted in accordance with the SVG Standards Act and permits InnerPath to conduct and participate in the following activities in the industry value chain:

Research;

Cultivation;

Production;

Development and Extraction;

Processing;

Importation and Exportation; along with

Prescribed Patient Access and Dispensation in authorised Clinical Treatment Facilities.

Furthermore, the licence applies to, and/or includes, but not limited to, the following comprehensive list of substances/plants/fungi:

Turmeric;

Aloe Vera;

Papaya;

Arrowroot;

Soursop;

Coconut;

Ginger;

Moringa;

Peyote;

Ayahuasca;

Mushroom;

lboga;

Sassafras;

Psilocybin;

Ibogaine;

Lysergic Acid Diethylamide (LSD);

Ketamine;

Mescaline;

Dimethyltryptamine (DMT);

5-Methoxy-N,N-Dimethyltryptamine (5-MeO-DMT); and

3-4-Methylenedioxy-Methamphetamine (MDMA).

InnerPath’s initial focus is to launch with treatment programs held in resort settings on SVG and designed to provide a personalised psychedelic-assisted therapeutic experience that meets our clients individual goals, from reducing symptoms of depression, anxiety, and PTSD to improving substance use disorders, interpersonal conflict resolution and physical ailment concerns,” said Mark Goliger, CEO of InnerPath Wellness LTD. “It is an absolute honour, continues Mr. Goliger, to set-up and launch these services in a legal, and soon to be, regulated market like SVG. To my knowledge, it is the first country in modern times to create a legal and regulated framework for the scope of psychedelics and scale of activities listed in the licences.”

“This is an incredible opportunity to provide psychedelic-assisted therapies and professional training in a federally regulated geography, said Irie Selkirk, Vice President Operations of InnerPath Wellness LTD. (and past founder of Rise Wellness Retreat). “When I founded Rise Wellness, a psilocybin retreat in Jamaica in 2019, continues Ms. Selkirk, we had hoped that federal regulation would eventually transpire. Although decriminalised, Jamaica remains an unregulated psychedelics market. SVG’s establishment of a legal, regulated market sets them apart from other countries and increases access for patients outside of clinical trials and underground therapies. It also provides security and liability coverage to licensed professionals seeking practical development, thus increasing the number of trained providers worldwide.”

InnerPath expects to start operations once the Patient Access Regulations are finalised and formally adopted by SVG.

“We have been very impressed by the InnerPath team. Their diverse experience and success in regulated markets and the psychedelics industry will benefit SVG’s new Modern Health and Wellness Industry.” Said the Minister of Agriculture, Forestry, Fisheries, Rural Transformation, Industry, and Labour, Hon. Saboto Caesar. “This is an industry that has great potential; a potential that can only be reached through collaboration between government and industry.” Continues Minister Caesar. “We look forward to working with InnerPath to ensure safety, security and success with this new industry.”

InnerPath is committed to working with the Pioneer Licensees, the various SVG Government Agencies, and the local SVG communities in establishing a successful National Modern Health and Wellness Industry; one that makes a positive difference to domestic patients, international patients and to furthering the psychedelics industry as a whole.

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