Silo Wellness Announces OSC Denial of Request for an MCTO for Audit Delays and Requests OSC's Reconsideration In Lieu of an FFCTO
Springfield, Oregon--(Newsfile Corp. - February 28, 2023) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) announces that the Ontario Securities Commission (OSC) notified the Company today that the company's application for a management cease trade order (MCTO) has been denied and that the OSC stated that it intends to issue a failure-to-file cease trade order (FFCTO) after the February 28, 2023 due date (today) against the Company for failure to file the following continuous...
2023-02-28 5:05 PM EST
Silo Wellness Converts Another $149K in Debt to Equity for Improved Financial Position; Announces Annual Filings Delay
Springfield, Oregon--(Newsfile Corp. - February 27, 2023) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A), announced that it has reached an agreement with an arm's length creditor to convert CAD$149,235.91 of accounts payable ("AP") debt for common shares at a conversion price of $0.011 per share for a total of 13,566,901 shares with the statutory four-month hold. This conversion was made at the 20-day VWAP, which was approved by the Canadian Securities Exchange (CSE) as price...
2023-02-27 5:02 PM EST
Silo Wellness Reduces Debt Load by Converting $771K in Accounts Payable
Springfield, Oregon--(Newsfile Corp. - February 27, 2023) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A), announced that it has reached an agreement with eight creditors to convert CAD$770,823 of accounts payable debt for of common shares at a conversion price of $0.011 per share. This conversion was made at the 20-day VWAP, which was approved by the Canadian Securities Exchange (CSE) as price protection and expires on March 20, 2023. In addition to increasing Silo's credit...
2023-02-27 8:51 AM EST
Silo Wellness Enters LOI with Largest Creditor, Exchanging $1.06M Debt for Interest-Free Note Convertible at 36% Premium
Springfield, Oregon--(Newsfile Corp. - February 20, 2023) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A), announced that it has entered into a Letter of Intent with Alpha Blue Ocean's subsidiary Global Tech Opportunities 14 ("Creditor") for the exchange of its $1.06M debt, including outstanding debentures and make-whole debt, for a new interest-free debt instrument with no prepayment penalty. The debt can be converted into shares of the Company at a fixed conversion price of...
2023-02-20 7:17 AM EST
Silo Wellness Oregon Psilocybin Update, Jamaica Retreat Article, Director Resignation
Springfield, Oregon--(Newsfile Corp. - February 17, 2023) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) announced today that its Oregon attorneys have agreed to handle land use compatibility statements and overnight accommodation approval on a contingent fee agreement ("win fee") for the psilocybin service center and cultivation project announced in January (refer to for risk factors). They have recently scheduled a second meeting with county land planners. The Board recognizes...
2023-02-17 6:55 AM EST
Silo Wellness Announces Portland-area Rural Oregon Psilocybin Service Center and Cultivation Real Estate Partner
Springfield, Oregon--(Newsfile Corp. - January 11, 2023) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) ("Silo Wellness" or the "Company") is pleased to announce that it has requested county approval for an Oregon psilocybin service center and psychedelic mushroom cultivation facility near the city of Portland. Land Use Compatibility Statement (LUCS) forms were filed with the county planning department. Execution of the LUCS by local government planners is a condition precedent...
2023-01-11 7:33 PM EST
Silo Wellness Announces Favorable Debt Restructure Terms
Toronto, Ontario--(Newsfile Corp. - December 22, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) ("Silo Wellness" or the "Company") is pleased to announce that the Company and Global Tech Opportunities 14 ("Investor"), managed by Alpha Blue Ocean, have agreed to an amendment to the April 13, 2022, Subscription Agreement as amended July 5, 2022 ("Subscription Agreement") to set a floor on the convertible debt of the next tranche at the greater of CAD $0.01 cent or 20-day...
2022-12-22 8:00 PM EST
Silo Wellness Wins Amendment to Proposed Land Use Ordinance for Oregon Psychedelic Ranch; Corporate Update: Shareholder FAQs
Springfield, Oregon--(Newsfile Corp. - November 17, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) ("Silo Wellness" or the "Company") is pleased to announce that the Jackson County Planning Commission recommended to the elected commissioners the adoption of an amended land use ordinance that would allow Oregon psilocybin therapy service centers in a nature retreat setting in rural Jackson County. "This is a minor victory for Silo Wellness and for potential patients across...
2022-11-17 10:05 PM EST
Silo Wellness Breaking News: Jackson County Oregon's Proposed TPM Restrictions Put Rural Psilocybin Retreat Therapy Centers at Risk
Springfield, Oregon--(Newsfile Corp. - November 2, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) ("Silo Wellness" or the "Company"), Oregon's only publicly traded psychedelics company, announces that the Jackson County Planning Commission has proposed to amend the Jackson County Development Ordinance "to add Psilocybin Time, Place, and Manner Restrictions" (TPM) in the event that the BM 109 opt-out vote is unsuccessful next week. The proposed text of JCLDO 3.14.4 states...
2022-11-02 4:00 PM EDT
Silo Wellness to Testify on Oregon Psilocybin Therapy Land Use Restrictions at Jackson County Planning Commission's Thursday Hearing; Other Corporate Updates
Springfield, Oregon--(Newsfile Corp. - October 31, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) ("Silo Wellness" or the "Company"), an Oregon-based publicly traded psychedelics company, announced that its Chief Executive Officer Mike Arnold, an Oregon lawyer, will testify Thursday, November 3, 2022, at the Jackson County Oregon Planning Commission's 9:00 a.m. hearing regarding amendments to the Jackson County Land Development Ordinance to add psilocybin therapy and...
2022-10-31 6:58 AM EDT
Silo Wellness Announces Subsidiary's Branding Licensing Agreement Terminated
Toronto, Ontario--(Newsfile Corp. - October 26, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) ("Silo Wellness" or the "Company"), announced that its wholly-owned subsidiary SW Holdings, Inc.'s ("SWHI") License Agreement with Marley Green, LLC ("Licensor") dated November 20, 2020, has been terminated as of October 24, 2022, by the licensor due to SWHI 's failure to pay its guaranteed minimum royalties of USD$600,000 that were due and owing as of August 15, 2022, and for...
2022-10-26 6:59 AM EDT
Silo Wellness Announces LOI for Potentially Largest Psilocybin Retreat Center in Oregon and the World - If November's Election Is Favorable; and an Oregon Real Estate Law and Psilocybin Industry Primer
Springfield, Oregon--(Newsfile Corp. - October 20, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) ("Silo Wellness" or the "Company"), Oregon's only publicly traded psychedelics company, is pleased to announce it has executed a binding term sheet for a joint venture with New Frontier Ranch in the majestic Green Springs area of Jackson County Oregon, east of Ashland, pending the results of the opt-out ballot measure in the upcoming November 8th election. New Frontier Ranch is...
2022-10-20 6:56 AM EDT
Silo Wellness Closes Acquisition of Dyscovry Science and Its Psilocybin Pharmaceutical Biosynthesis and Research Portfolio
Springfield, Oregon--(Newsfile Corp. - October 17, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) ("Silo Wellness" or the "Company"), Oregon's only publicly traded psychedelics company, is pleased to announce it has closed its acquisition of 100% of Dyscovry Science Ltd. ("Dyscovry"), a Toronto-based biotechnology company focused on biosynthetic manufacturing of psilocybin and its derivatives targeting a physiological condition, irritable bowel syndrome."Bringing the...
2022-10-17 6:57 AM EDT
Silo Wellness Executes Definitive Agreement to Acquire Dyscovry Science and Its Psilocybin Pharmaceutical Biosynthesis and Research Portfolio
Toronto, Ontario--(Newsfile Corp. - September 27, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) ("Silo Wellness" or the "Company"), a leading global psychedelics company, and Dyscovry Science Ltd. ("Dyscovry"), a Toronto-based biotechnology company focused on biosynthetic manufacturing of psilocybin and its derivatives targeting a physiological condition, irritable bowel syndrome, today announced the companies have entered into a definitive share exchange agreement through...
2022-09-27 6:59 AM EDT
Another Public Company First: Silo Wellness Opens Jamaican Ecotourism Psilocybin Microdosing Resort for the Psychedelic Curious; Shareholder Discounts for Psychedelic Vacations Available
Springfield, Oregon--(Newsfile Corp. - August 23, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K7A) ("Silo Wellness" or the "Company"), a leading global psychedelics company, is pleased to announce that it has opened its first ecotourism microdosing psilocybin resort and retreat center at Go Natural Jamaica in Long Bay, Portland, Jamaica. "We have been bombarded by cost-conscious client inquiries wanting to explore nature with the help of psilocybin," explained Mike Arnold, an...
2022-08-23 7:02 AM EDT
Silo Wellness Organizes Jamaican Psilocybin Retreat Team and Advocates to Speak to Lane County (Eugene, Oregon) Commissioners Regarding BM109 Optout Vote; Lane County Declines to Refer a Psilocybin Ban to Voters
Toronto, Ontario--(Newsfile Corp. - July 13, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFD) (FSE: 3K70) ("Silo Wellness" or the "Company"), a leading global psychedelics company, is pleased to announce that the Silo Wellness team coordinated the presentations of eight speakers in support of psilocybin use under Ballot Measure 109 in Lane County, Oregon, (Oregon's largest county by population outside the Portland metro area) at Tuesday's public board of commissioners meeting."It is...
2022-07-13 7:01 AM EDT
Silo Wellness Requests Oregon Property Owner Expressions of Interest for Collaborating on Psilocybin Licensing; Other Corporate Updates
Toronto, Ontario--(Newsfile Corp. - June 14, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K70) ("Silo Wellness" or the "Company"), a leading global psychedelics company, announces a request for expressions of interests from Oregon property owners who may be considering participation in the regulatory regime under Oregon Ballot Measure 109. "With Silo Wellness as the only publicly traded psychedelic company with legal psychedelic retreat experience and a strong connection to...
2022-06-14 8:57 PM EDT
Silo Wellness Issues Shareholder Letter and Announces New Chief Executive Officer
Toronto, Ontario--(Newsfile Corp. - June 9, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K70) ("Silo Wellness" or the "Company"), a leading global psychedelics company, announced today that Silo Wellness founder and chairman of the board of directors Mike Arnold is assuming the role of the Company's interim chief executive officer to continue to lead the Company through its planned acquisition of Dyscovry Science Ltd. and in its planned Oregon psilocybin business objectives....
2022-06-09 7:00 AM EDT
Silo Wellness to Create a Psychedelic Pharmaceutical Manufacturing and Research Portfolio with Proposed Acquisition of Dyscovry Science
Toronto, Ontario--(Newsfile Corp. - May 31, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K70) ("Silo Wellness" or the "Company"), a leading global psychedelics company, is pleased to announce that it has executed a nonbinding letter of intent to acquire 100% of Dyscovry Science Ltd., a Toronto-based biotechnology company. Dyscovry focuses on biosynthetic manufacturing of psilocybin and its derivatives targeting a physiological condition, irritable bowel syndrome. With...
2022-05-31 7:00 AM EDT
Psychedelics Company Silo Wellness Announces Financing Commitment of CAD$5,950,000 in Convertible Debentures
Toronto, Ontario--(Newsfile Corp. - April 14, 2022) - Silo Wellness Inc. (CSE: SILO) (OTCQB: SILFF) (FSE: 3K70) ("Silo Wellness" or the "Company"), a leading global psychedelics company, is pleased to announce that Alpha Blue Ocean ("ABO"), is supporting the Company's growth with this new CAD$5,950,000 financing arrangement. The Company entered into a subscription agreement (the "Subscription Agreement") with Global Tech Opportunities 14 (the "Subscriber"), that provides for the issuance of...
2022-04-14 7:00 AM EDT