Emma Wilson
There are several publicly traded mushroom companies, including those focused on functional mushrooms, psychedelic mushrooms, and those that are part of the global mushroom market. Functional mushroom companies, such as Half Hill Farm, Real Mushrooms, and Pan's Mushroom Jerky, offer supplements, tinctures, and food products that emphasize the health benefits of mushrooms. These companies are attracting health-conscious consumers with their natural, potent ingredients and sustainability practices. The psychedelic mushroom industry includes companies like Atai Life Sciences, Compass Pathways, and Minerco, which are developing drugs with hallucinogens like psilocybin to treat illnesses like depression and schizophrenia. Meanwhile, the global mushroom market consists of companies such as Agro Dutch Industries Ltd., Bonduelle Fresh Europe, and Monterey Mushrooms, which are involved in the cultivation, processing, and distribution of various mushroom products.
| Characteristics | Values |
|---|---|
| Publicly traded medicinal mushroom companies | None found. Minerco Inc. was charged by the SEC for a pump-and-dump scheme involving the sale of its stock to investors. |
| Leading mushroom companies | Agro Dutch Industries Ltd., Bonduelle Fresh Europe, Drinkwater Mushrooms Ltd., Monaghan Mushrooms Inc., Monterey Mushrooms Inc., OKECHAMP S.A., Shanghai Finc Bio-Tech Inc., The Mushroom Company, Highline Mushrooms, WeiKFIELD Foods Pvt. Ltd, Basciani Foods, CMP Mushrooms, Biofungi GmbH |
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What You'll Learn
Publicly traded medicinal mushroom companies
There are several publicly traded companies in the medicinal mushroom and psychedelic medicine space. While these stocks are considered risky, the market is expected to grow significantly in the coming years. Here are some publicly traded medicinal mushroom and psychedelic medicine companies:
Mind Medicine (MindMed)
Mind Medicine, also known as MindMed, was the first psychedelic drugmaker to conduct an initial public offering (IPO) on Canada's NEO Exchange in March 2020. The company offers psychedelic and empathogen drugs that aim to treat brain health disorders. They are currently evaluating their experimental psychedelic drug MM120 in two phase 3 clinical studies targeting generalized anxiety disorder and major depressive disorder. MindMed also has a diverse range of drugs in R&D, including LSD and MDMA derivatives, and multiple FDA-approved trials underway.
Atai Life Sciences
Atai Life Sciences is a publicly traded psychedelic medicine company. They are developing drugs that follow the legal, regulatory pathway to approval.
Numinus Wellness
Numinus Wellness is a Canadian publicly traded company working in the psychedelic space. They offer ketamine-assisted psychotherapy and are collaborating on two compassionate access trials for MDMA and psilocybin-assisted psychotherapy. Numinus has also harvested Psilocybe mushrooms and offers contract lab services to several companies.
Optimi Health
Optimi Health is a publicly traded company focused on manufacturing and distributing mushroom-based products for health and wellness. They cultivate several strains of functional mushrooms and recently received a Health Canada research exemption license to expand their operations into psilocybin-containing mushrooms.
Red Light Holland
Red Light Holland is a publicly traded company seeking to capitalize on the legal recreational psychedelic market in the Netherlands. They sell psychoactive truffles through physical and online shops and have acquired stakes in Canadian gourmet mushroom farms for non-psychoactive consumer goods.
Other Notable Mentions:
- Cybin: A pre-revenue company with a "strong buy" rating from analysts, who predict significant stock price growth.
- Compass Pathways: A leading psychedelic stock in the U.S. market.
- Levitee Labs: A company providing treatments for mental health and psychiatric disorders, including consumer wellness products featuring functional mushrooms.
- Entheon Biomedical: A biotechnology company focused on developing proprietary DMT formulations for treating substance use disorders.
- Mydecine Innovations Group: A biotech firm developing new mental health therapies based on psychedelic substances.
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Leading mushroom companies
The global mushroom market has several major players, including publicly traded companies. Here is an overview of some of the leading mushroom companies:
Agro Dutch Industries Ltd.
Agro Dutch Industries Ltd. is one of the largest integrated mushroom companies in the world. The company cultivates, processes, and cans fresh white button mushrooms, marketing and exporting them worldwide. Agro Dutch adheres to international quality standards and has a presence in several countries, including the US, Canada, Mexico, and Russia.
Bonduelle Group
Bonduelle Group is a global leader in plant-based foods and vegetables, with operations in Europe, the Americas, and Eastern Europe. Its subsidiary, Bonduelle Fresh Europe, is a European leader in fresh vegetables, including mushrooms. Bonduelle Fresh Europe has a diversified product portfolio, offering canned, frozen, fresh, and prepared mushroom products. The company prioritises environmental sustainability and employee wellbeing, showcasing its commitment to positive impact.
Drinkwater Mushrooms Ltd.
Drinkwater Mushrooms Ltd. is a family-run company that provides quality white and chestnut mushrooms to leading UK supermarkets. Founded in 1969, the company is headquartered in rural North Lancashire, England. Drinkwater Mushrooms is known for its expertise in mushroom production and supply, contributing to the UK's fresh mushroom market.
Monaghan Mushrooms Inc.
Monaghan Mushrooms is a leading substrate and mushroom company with a global presence. Founded in 1981 and based in Ireland, Monaghan Mushrooms has two brands: BELLE GROVE and FORESTIERE. Their product portfolio includes a diverse range of mushrooms, such as white, chestnut, portobello, and organic varieties, as well as dried mushroom powder. The company's products are sold in Ireland, the United Kingdom, and Canada.
Monterey Mushrooms Inc.
Monterey Mushrooms is an American company established in 1971, with headquarters in Watsonville, California. They grow and sell fresh mushrooms, vitamin D-enhanced mushrooms, processed mushrooms, fresh vegetables, and other agricultural products. With operations across ten sites in the United States and Mexico, Monterey Mushrooms has a wide reach.
Half Hill Farm
Half Hill Farm, located in Woodbury, Tennessee, specialises in organic products derived from mushrooms. Founded in 2014, they offer functional mushroom tinctures and supplements, emphasising sustainable farming practices. Half Hill Farm is committed to promoting health and wellness through natural solutions, making it attractive to health-conscious consumers.
Real Mushrooms
Based in Vancouver, Canada, Real Mushrooms focuses on high-quality functional mushroom supplements made from 100% organic mushrooms. Their product range includes powders and capsules containing medicinal mushrooms such as reishi, lion's mane, and cordyceps. Real Mushrooms was established in 2015 and caters to individuals seeking natural health enhancements.
Atai Life Sciences
Atai Life Sciences is a biotech company focused on psychedelic drugs, including those derived from mushrooms. The company went public in June 2021 and has since made strategic investments in several psychedelic businesses. Atai has a diverse pipeline, with six programs in clinical testing for conditions such as treatment-resistant depression and major depressive disorder.
The mushroom industry is dynamic, with companies focusing on sustainability, natural health solutions, and functional mushroom products. These leading companies are driving innovation and meeting the growing demand for mushrooms and mushroom-based products globally.
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Mushroom packaging
Mushroom® Packaging, a division of Ecovative Design, offers an environmentally friendly alternative to petroleum-based plastics used in packaging. The product is made from mycelium, the root structure of mushrooms, and hemp hurd. It is grown in seven days and composts in 45 days.
Mushroom® Packaging is a cost-effective, scalable, and natural alternative to traditional packaging materials. It is fully biodegradable and meets sustainability standards, helping businesses save costs and protect the planet. The packaging is grown in dimensions up to 18”x18” and 5” deep, making it suitable for shipping and insulation. It is also thermally insulating, requiring no fossil fuels or tree cutting for production.
The manufacturing process for Mushroom® Packaging does not involve any animal products, by-products, or derivatives. The packaging is custom-designed to meet specific product requirements, with features such as fillets, chamfers, draft angles, and embossing. It offers protection for products in transit and can be used for shipping and insulation, as well as furniture and interior design.
Mushroom® Packaging is compatible with existing mushroom farming infrastructure, enabling rapid global scaling. The company has production facilities in the US and the Netherlands, with expansion plans across North America and Europe. Ecovative's Spawn & Substrate division combines mycelium expertise with traditional mushroom industry knowledge to deliver high-quality products for growers and innovators.
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Mushroom companies in North America
The North American mushroom market is experiencing significant growth, with a projected value of USD 2,231.74 million by 2033, up from USD 542.15 million in 2023. This growth is driven by consumer interest in holistic wellness, immunity-boosting properties, and alternative medicine, with functional mushroom supplements at the forefront.
Monterey Mushrooms, LLC, a family-owned business established in 1971 and headquartered in Watsonville, California, is one of the largest mushroom producers in North America. They offer a diverse portfolio, including fresh, white, brown, specialty, and organic mushrooms, with a strong emphasis on sustainability and innovation. With operations across ten sites in the United States and Mexico, they are well-positioned to meet the region's mushroom demands.
Highline Mushrooms, a Canadian company founded in 1961 and headquartered in Leamington, Ontario, is another key player. They are the world's biggest organic mushroom producer, focusing on pesticide-free farming and innovative growing processes. Highline Mushrooms supplies fresh mushrooms and is committed to year-round availability, ensuring a consistent supply for its customers.
South Mill Champs, in collaboration with The Mushroom Company, is also making an impact in the North American market. The Mushroom Company, a processing facility in Cambridge, Maryland, offers a diverse range of products, including frozen, canned, refrigerated, organic, and Kosher mushrooms. They are known for their uncompromising product quality and strict processing procedures, ensuring that their commercially grown mushrooms are of the highest standard.
Other notable companies in the North American mushroom market include Phillips Mushroom Farms, a family-run business specializing in specialty mushrooms with a focus on sustainability, and Giorgio Fresh Co., a trusted name offering a wide range of fresh and value-added mushroom products. The region also benefits from the presence of international companies such as Agro Dutch Industries Ltd., a significant player in the global mushroom industry, and Monaghan Mushrooms Ireland Unlimited Company, which serves major retailers in North America.
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Mushroom companies in Europe
There are several mushroom companies based in Europe. One of the largest mushroom producers in the world, Monaghan Mushrooms, is based in Europe and has a workforce of over 2,500 people. The company produces a wide variety of mushrooms, including chestnut and portobello, as well as mushroom powders.
Another major player in the European mushroom industry is the European Mushroom Growers' Group (GEPC), which was created in 1980 by mushroom representatives from France, Germany, and the Netherlands. The GEPC defends the interests of the European cultivated mushroom sector and works on issues such as market situation, promotion, technical and research, and phytosanitary products.
Hirano Mushroom LLC is a producer of exotic shiitake and wild mushrooms in Eastern Europe. They have production capacities of 8 tons per day and distribution points in France and the Netherlands. Hirano Mushroom uses Japanese technology to cultivate shiitake mushrooms in Kosovo, with a capacity of 2,000 kg per day.
There are also several companies in Europe that specialize in organic mushroom extracts and supplements, such as MUSHEEZ and KÄÄPÄ Biotech. MUSHEEZ offers private label and branded organic mushroom extracts and food supplements, while KÄÄPÄ Biotech has received certification from the European Food Safety Authority (EFSA) for its mushroom extraction process.
Additionally, Europe has a significant market for dried mushrooms, with companies like Schwartz Gruppe (Lidl and Kaufland brands), Carrefour, Tesco, Aldi, and Metro Group holding the largest market shares. Ethnic shops are also an important segment for selling Asian mushrooms, with well-established chains like Tang Frères in France and Wing Yip in the United Kingdom.
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Frequently asked questions
There are several publicly traded mushroom companies, including Minerco Inc., Agro Dutch Industries Ltd., Bonduelle Fresh Europe, Drinkwater Mushrooms Ltd., Monaghan Mushrooms Inc., Monterey Mushrooms Inc., OKECHAMP S.A., Shanghai Finc Bio-Tech Inc., and The Mushroom Company.
A public mushroom company is a company that is publicly traded on a stock exchange, meaning that anyone can buy and sell shares in the company.
A private mushroom company is typically owned by an individual, family, or group of private investors, whereas a public mushroom company has sold shares to the public and is therefore owned by its shareholders.
Yes, as with any investment, there are risks associated with investing in public mushroom companies. For example, in 2024, the SEC charged a "magic mushroom" company, Minerco, and two individuals with a multimillion-dollar pump-and-dump scheme that defrauded investors out of approximately $8 million.
