Psychedelicnewsbreaks Cybin Inc. (NYSE American: CYBN) (NEO: CYBN) Secures $50 Million In Convertible Debenture Financing From High Trail

(MENAFN- Investor Brand Network) Cybin (NYSE American: CYBN) (NEO: CYBN) , a clinical-stage neuropsychiatry company developing next-generation psychedelic-based treatments, has closed a private placement with High Trail Special Situations LLC for $50 million in unsecured convertible debentures, as part of an agreement that allows for up to $500 million in total funding. The financing will support the advancement of Cybin's lead programs, including CYB003, which showed a 71% remission rate in Phase 2 for major depressive disorder, and CYB004, in Phase 2 for generalized anxiety disorder. CEO Doug Drysdale said the investment validates Cybin's clinical progress and intellectual property. The debentures carry a 5.5% prepaid annual interest rate and are convertible into common shares under specific conditions. Net proceeds will be used for working capital and general corporate purposes.

To view the full press release, visit

About Cybin Inc.

Cybin is a clinical-stage biopharmaceutical company on a mission to create safe and effective psychedelic-based therapeutics to address the large unmet need for new and innovative treatment options for people who suffer from mental health conditions. Cybin's goal of revolutionizing mental healthcare is supported by a network of world-class partners and internationally recognized scientists aimed at progressing proprietary drug discovery platforms, innovative drug delivery systems, and novel formulation approaches and treatment regimens. The company is currently developing CYB003, a proprietary deuterated psilocybin analog for the treatment of major depressive disorder and CYB004, a proprietary deuterated DMT molecule for generalized anxiety disorder and has a research pipeline of investigational psychedelic-based compounds. Headquartered in Canada and founded in 2019, Cybin is operational in Canada, the United States, the United Kingdom, the Netherlands and Ireland. For company updates and to learn more about Cybin, visit .

NOTE TO INVESTORS: The latest news and updates relating to CYBN are available in the company's newsroom at

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