UK government set for psychedelics investment windfall

The UK government is on track for a seven-figure windfall from an investment in a psychedelic drugs company that is readying a float on the Toronto stock exchange.

State-backed investor Angel CoFund holds a 5.5 per cent stake in London-based Small Pharma, which has announced its intention to list via a reverse takeover through the Canadian capital pool company Unilock Capital Corp.