NUGL - Kaya to enter legal 'magic mushroom' market in Jamaica

• Kaya Group ( OTCPK:NUGL ) said its Kaya Extracts unit plans to enter the legal psilocybin market in Jamaica where the laws are relaxed for developing and marketing psilocybin mushrooms.
• Psilocybin is a psychedelic compound found in certain mushrooms, also known as 'magic mushrooms.'
• The entry will include Kaya's current rollout of traditional Jamaica Psilocybin Mushroom and Capsules at its Herbhouse locations in Falmouth, Ocho Rios, and Kingston, the company added.
• "We believe that Jamaica is the perfect market for our psilocybin offerings and are excited to be able to contribute to the growing conversation around the potential benefits of this remarkable compound," said Nugl CEO Bali Vaswani.
• Nugl and Kaya merged in April 2022 to form a multifaceted cannabis lifestyle company.

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