Hypha Labs (OTCQB:FUNI) Sees State-by-State Psilocybin Reform Creating the Next Major Growth Opportunity
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5:00 AM on Monday, July 13
The Associated Press
Company Believes Industry Is Following the Early Regulatory Path That Fueled the Cannabis Market
LAS VEGAS, NV / ACCESS Newswire / July 13, 2026 / Hypha Labs, Inc. (OTCQB:FUNI), a biotechnology company developing advanced mushroom production technologies, believes the rapidly expanding state-by-state adoption of psilocybin programs is creating a significant long-term opportunity for scalable manufacturing infrastructure.
With Oregon, Colorado, and New Mexico now operating statewide psilocybin programs and more than two dozen states considering medical, research, or decriminalization legislation, Hypha Labs believes the industry is following a regulatory path similar to the early days of cannabis.
"We believe the psychedelic industry is approaching an important inflection point," said Stone Douglass, Chief Executive Officer of Hypha Labs. "As therapeutic markets expand, demand for reliable, scalable mushroom production technology is expected to grow. Our focus is on building the infrastructure that can support that future."
Rather than developing pharmaceutical compounds, Hypha Labs is focused on its patent-pending mushroom production platform designed to improve the speed, consistency, scalability, and economics of mushroom cultivation for research, pharmaceutical, and functional mushroom applications.
"We believe the greatest long-term opportunity may lie in supplying the industry rather than competing within it," added Douglass. "As cannabis demonstrated, infrastructure and technology providers can play an essential role in the growth of an emerging market."
About Hypha Labs, Inc.
Hypha Labs, Inc. (OTCQB:FUNI) develops proprietary mushroom production technologies designed to improve the cultivation and commercialization of functional mushrooms and future psychedelic-derived compounds.
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SOURCE: Hypha Labs, Inc.
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