Investor Ideas #Potcasts 617, #Cannabis News and #Stocks on the Move; Interview with CEO of Psychedelic Water
Delta, Kelowna, BC, December 16, 2021 (Investorideas.com Newswire) www.Investoride, as.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2021/121621-StocksToWatch.mp3
Read this in full at https://www.investorideas.com/news/2021/cannabis-potcasts/12161Interview-Psychedelic-Water.asp
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Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com "Potcast" featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.
In today’s podcast InvestorIdeas interviews Pankaj Gogia, CEO of Psychedelic Water, the first legal psychedelic, mood-boosting, hangover-free fun that has recently been featured in Inside Hook, Yahoo!, VICE, Business Insider, Financial Post. According to many testimonials the writer "drank the 'psychedelic water' going viral on TikTok, and I felt my anxiety melt away." Gogia went on to discuss how Psychedelic Water came to be, being a pioneer in the Psychedelic space, as well as how he sees this industry and his company evolving as people’s understanding and comfort level with Psychedelics continues to change.
Discussing the company’s start, Gogia commented, “We launched in the US in early 2021 and since then we have seen massive traction and curiosity. In a period of roughly 10 months we have had over 40,000 customers and over 12 million views on Tik Tok.”
When asked what factors lead to the company’s early success and brand traction Gogia commented, “I think the reality is that we sort of hit a nerve as there is definitely a curiosity around what’s going on with Psychedelics. I think our name, Psychedelic Water, I think that by itself is probably the number one factor. I think second is our packaging and the can. What we have built out there is extremely unique, a holographic can, and was an extremely hard process to get there. I think between those two factors, a lot of our marketing has been very organic to be honest. Consumers love the product and that’s where a lot of our success got started.”
Psychedelic Water works because it is the world's first legal psychedelic blend of kava root, damiana leaf, and green tea leaf extract for an experience like no other. The innovators behind this global psychedelic experience sold out their first production run and are rapidly expanding into retail stores nationwide.
When asked about how the company is looking to expand their product offerings in the future, Gogia went on to say, “As we started to build out this company what we really wanted to do was build a brand. We have trademarks with Psychedelic Water and are looking at getting other trademarks applied to different categories such as Coffee, Tea, Cookies, etc. What you can expect from our company is a stew of products in the upcoming years as we grow with success. In terms of formulation as we looked at coming to market, we saw that a lot of the companies were focussed on Psychedelics in a more traditional sense, more in Pharma and the Scientific side, but nobody was looking from a CPG perspective and that’s where we came up with the concept. What we wanted to do was bring a product to market that was real, so it does have a psychoactive effect, but is legal, so that’s how we landed on our current ingredients. We will be adding other ingredients that could have similar impact but are legal in nature and as and when legalization happens and continues, we will look at adding more products that contain more traditional Psychedelics.”
Gogia continued, “It’s been a real journey for us to normalize Psychedelics into the community. I think we are creating a new curiosity and removing any sort of stigmas associated with Psychedelics by having it become more normal and casual.”
Gogia went on to discuss how some in the Psychedelic community and industry have reacted to the product so far, how he sees the company evolving moving forward as well as the impact psychedelics could have on society as they continue to become more normalized.
Psychedelic Water, which just launched earlier this year, made over $1 million in sales over its first few months. In addition to being available at www.psychedelicwater.com, you can now find it on Amazon and in stores around the country.
Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and that this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment.
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