Image Alt

Spartan Trading



Disseminated on behalf of CYBN Inc (CYBN)



This communication is not an offer to buy or sell securities nor is it to be construed as personal investment advice. Nothing contained in this communication should be relied upon as a promise or representation as to future performance.

As I mentioned on Sunday, in lieu of our Weekly Picks Newsletter this week I am going to be presenting another new Small Stock Investment Thesis. My goal is to cover one company in detail every quarter that I feel has good investment potential when considering risk / reward.

Last quarter I covered a small cap electric vehicle (EV) growth name (Hypercharge Networks Corp – HCNWF) when it was still trading at $0.33 and for those that followed my thesis, saw it move to $4.50 (1000+% gain).

This quarter I am going to be covering a Biotech name that I feel, after extensive due diligence and interviewing members from the executive team (including the CEO, Doug Drysdale) is in a good position to gain additional market share and growth in the short and medium term.

I have spent a lot of time researching this space and the different avenues / possibilities this company has ahead of themselves and will be breaking down my thesis below based on my comprehensive due diligence, analysis of competitors in the space, favorable risk-reward potential and encouraging financial updates.


  • Idea: Long CYBN $0.25 – $0.30
  • Target Area: $0.75 – $0.80+
  • Risk: $0.15
  • Time Frame: 2 – 6 Months

As of June 19th, 2023:

  • Common Shares: 207,463,646
  • Warrants: 23,230,485
  • Options: 20,569,800
  • Class B Common Shares: 5,305,421
  • Total Outstanding: 266,872,462
  • Insider Owned: 22.29%
  • Current Market Cap: $69.75M
  • Book Value: $0.30
  • Cash Per Share: $0.09
  • Burn Rate: $10M CAD / Quarter
stock trading course

Weekly 13ema key reclaim – IMO short term from a technical standpoint

Abstract: This thesis provides a comprehensive analysis supporting a long position on CYBN, a pharmaceutical company specializing in Mental Health Disorder Treatments. By conducting extensive due diligence and considering factors such as research studies, pipeline progress, financial updates, competitors, market potential and risk analysis, this thesis justifies the long position while highlighting the favorable risk-reward potential association with CYBN’s upcoming study results. Additionally, this thesis presents the information in a clear and effective manner to enhance overall understanding and decision making, covering what I look for when I make an investment.

Introduction: CYBN is positioned to revolutionize the Mental Health Treatment market with its innovative therapies targeting Major Depressive Disorder (MDD) and Alcohol Use Disorder (AUD). Through advanced research and development efforts, CYBN aims to address the symptoms and root causes of these conditions, filling a significant unmet need in the market. By capitalizing on the transformative potential of its treatment approaches, CYBN has become an attractive investment opportunity.

Research Studies: CYBN’s ongoing research studies have yielded promising results, particularly in addressing the symptoms and root causes of MDD. Unlike conventional treatments that focus solely on symptom management, CYBN’s therapies aim to provide holistic relief by addressing the underlying causes of these disorders. The potential extension of treatment options to AUD further expands the company’s market potential and enhances its competitive advantage.

Pipeline Progress: CYBN’s pipeline progress is marked by significant milestones. The imminent release of Phase 2 Data and subsequent discussions with the FDA regarding Phase 3 Trials represents a critical step towards regulatory approval and commercialization. There have been two non-profits in the same industry that have previously received FDA Breakthrough Therapy Status Approval for generic Psilocybin (and MDMA) so I would expect that given CYBN’s approach to make these drugs more scalable (and with better efficacy for patient outcomes), that there is a very high probability that they will also receive their FDA Breakthrough Status Approval – leading to potential market dominance.

Financial Updates: CYBN’s recent third-quarter financial information reveals promising insights. The company’s efficient financial management is demonstrated by its carefully controlled burn rate, ensuring sustainable operations and reducing the disk of dilution for existing shareholders. The ongoing ATM program provides CYBN with access to additional capital, enabling growth opportunities while enhancing working capital. These positive financial updates underscore CYBN’s stability for potential future success.

Competitors: While competition does exist in the Mental Health Treatment market, CYBN seems to hold a favorable position. The strategic acquisition of a study has accelerated CYBN’s progress by 18 months, propelling the company ahead of its competitors. Additionally, CYBN’s patent protection and shorter development timelines provide a significant competitive edge. The streamlined, cost effective administration of CYBN’s treatments, position the company as a potential market leader.

Market Potential: The market potential for CYBN’s treatment solutions is substantial. With depression affecting millions of people worldwide, the demand for effective and innovative therapies is high. CYBN’s approach to addressing the root causes of MDD (and its potential extension into AUD Treatment) positions the company the capture a significant market share. I feel there is a strong probability of market acceptance and there will be widespread adoption of CYBN’s therapies when compared to SSRI’s. Simply put – they are cheaper and faster to administer then competitors.

Risk Analysis: While investing in the stock market involves inherent risks, CYBN’s strong value proposition mitigates potential concerns around financing activities used to continue enrollment in current and future research studies. The positive results from past research studies, and the company’s robust pipeline progress, reduce the risk associated with clinical trial outcomes. Regulatory challenges are minimized through Breakthrough Therapy Status (if granted), accelerating market entry. Furthermore, I feel that there is a favorable risk-reward potential associated with CYBN’s upcoming study results that justifies the long position.

Essentially, risking $0.15 to make $0.45+

Looking at the recent movement from positive updates, we can see even larger moves in the past. The chart is currently coming off the lows and there have been a recent consolidation down here as we wait for Phase 2 study results (which are due to be released shortly).

In conclusion, based on comprehensive due diligence, CYBN presents a speculative long opportunity. This bullish case is supported by robust research studies, favorable pipeline progress, encouraging financial updates, advantageous competitive positioning, significant market potential and careful risk analysis.

Current Idea is a speculation long on CYBN (2 – 6 months).

Best Regards,
Spartan (aka ‘Chris’)

Stay up to date with Spartan’s Weekly Newsletter

This communication is not an offer to buy or sell securities nor is it to be construed as personal investment advice. Nothing contained in this communication should be relied upon as a promise or representation as to future performance. An affiliate of Spartan Trading inc. (“Spartan”) has been engaged by CYBN Inc. to provide it with promotional or marketing services, and the information contained in this communication has been prepared by or on behalf of CYBN Inc. Spartan’s affiliate may receive compensation in the form of cash or securities from time to time for these services, and may sell any such securities as permitted by law. Disclaimer: We are engaged in the business of advertising and promoting companies. All content on our website is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a solicitation of the purchase or sale of any securities. Neither the owner of Spartan nor any of its members, officers, directors, contractors or employees are licensed broker-dealers, account representatives, market makers, investment bankers, investment advisers, analyst or underwriters. Investing in securities, including the securities of those companies profiled or discussed on this website is for individuals tolerant of high risks. Viewers should always consult with a licensed securities professional before purchasing or selling any securities of companies profiled or discussed on Spartan. It is possible that a viewer’s entire investment may be lost or impaired due to the speculative nature of the companies profiled. Remember, never invest in any security of a company profiled or discussed on this website unless you can afford to lose your entire investment. Also, investing in micro-cap securities is highly speculative and carries an extremely high degree of risk. Spartan makes no recommendation that the securities of the companies profiled or discussed on this website should be purchased, sold or held by viewers that learn of the profiled companies through our website. Some of the content on this website contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which may be beyond a company’s control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. It is hereby noted that forward-looking statements contained herein may include everything other than historical information, involve risk and uncertainties that may affect a company’s actual results of operation. A company’s actual performance could greatly differ from those described in any forward-looking statements or announcements mentioned on this website or the websites contained within. Factors that should be considered that could cause actual results to differ include: the size and growth of the market for the company’s products; the company’s ability to fund its capital requirements in the near term and in the long term; pricing pressures; unforeseen and/or unexpected circumstances in happenings; etc. and the risk factors and other factors set forth in the company’s filings with the Securities and Exchange Commission. However, a company’s past performance does not guarantee future results. Generally, the information regarding a company profiled or discussed on this website is provided from public sources www.spartantrading.com and affiliates www.sparknewswire.com makes no representations, warranties or guarantees as to the accuracy or completeness of the information provided or discussed. Viewers should not rely solely on the information obtained through our website or in communications originating from our website. Viewers should use the information provided by us regarding the profiled companies as a starting point for additional independent research on the companies profiled or discussed in order to allow the viewer to form his or her own opinion regarding investing in the securities of such companies. Factual statements, or the similar, made by the profiled companies are made as of the date stated and are subject to change without notice and Spartan, nor its affiliates, has no obligation to update any of the information provided. Spartan, its owners, officers, directors, contractors and employees are not responsible for errors and omissions. From time to time certain content on this website is written and published by our employees or third parties. In addition to information about our profiled companies, from time to time, our website will contain the symbols of companies and/or news feeds about companies that are not being profiled by us but are merely illustrative of certain activity in the micro cap or penny stock market that we are highlighting. Viewers are advised that all analysis reports and news feeds are issued solely for informational purposes. Any opinions expressed are subject to change without notice. It is also possible that one or more of the companies discussed or profiled on this website may not have approved certain or any statements within the website. Spartan encourages viewers to supplement the information obtained from this website with independent research and other professional advice. The content on this website is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Third Party Web Sites and Other Information This website may provide hyperlinks to third party websites or access to third party content. Spartan, its owners, officers, directors, contractors and employees are not responsible for errors and omissions nor does Spartan control, endorse, or guarantee any content found in such sites. Spartan does not control, endorse, or guarantee content found in such sites. By accessing, viewing, or using the website or communications originating from the website, you agree that Spartan, its owners, officers, directors, contractors and employees, are not responsible for any content, associated links, resources, or services associated with a third party website. You further agree that Spartan, its owners, officers, directors, contractors and employees shall not be liable for any loss or damage of any sort associated with your use of third party content. Links and access to these sites are provided for your convenience only. Spartan uses third parties to disseminate information to subscribers. Although we take precautions to prevent others from obtaining our subscriber list, there is a risk that our subscriber list, through no wrong doing on our part, could end up in the hands of an unauthorized party and that subscribers will receive communications from unauthorized third parties. We encourage viewers to invest carefully and read the investor issuer information available at the web sites of the United States Securities and Exchange Commission (SEC). The SEC has launched an investor-focused website to help you invest wisely and avoid fraud at www.investor.gov and filings made by public companies can be viewed at www.sec.gov and/or the Financial Industry Regulatory Authority (FINRA) at: www.finra.org. In addition, FINRA has published information at its website on how to invest carefully at www.finra.org/Investors/index.htm. Income Disclaimer Testimonials and examples used here are exceptional results which may not apply to the average purchaser. They are not intended to represent or guarantee that anyone will achieve the same or similar results through our service. The use of our information should be based on your own due diligence, and you agree that our company is not liable for any success or failure of your business that is directly or indirectly related to the use of our information. As with any business, your results may vary, and will be based on your individual capacity, business experience and expertise. There are no guarantees concerning the level of success you may experience. Income statements made by our customers are only estimates of what they have earned; there is no guarantee that you will make these levels of income. When using our information you accept the risk that these earnings and income statements differ by individual. There is no assurance that examples of past earnings can be duplicated in the future. There are unknown risks in business and on the internet that we cannot anticipate which can reduce results. We therefore cannot guarantee your future results or success, and are not responsible for your actions. Spartan Trading Inc an affiliate of Spark Newswire Inc has been retained by CYBN Inc. (Nasdaq: CYBN) to perform promotional and advertising services for a limited time with respect to the company we are profiling or discussing on this website and in exchange for such services has received cash compensation from CYBN. Questions regarding this website may be sent to info@spartantrading.com Spark Newswire Inc. and affiliate of Spartan Trading Inc. has a 1 month agreement with CYBN Inc (Nasdaq: CYBN) for the total sum of $100,000.00 CAD This agreement is for the marketing of CYBN Inc. (Nasdaq: CYBN) which services include the issuance of this release and other opinions that we release concerning of CYBN Inc. (Nasdaq: CYBN). Spartan Trading and affiliates Spark Newswire Inc. has not investigated the background of CYBN Inc. (Nasdaq: CYBN) the hiring party, or CYBN Inc. (Nasdaq: CYBN) Anyone viewing this newsletter should assume CYBN Inc. (Nasdaq: CYBN) or affiliates of CYBN Inc. (Nasdaq: CYBN) own shares of the CYBN Inc. (Nasdaq: CYBN) which they plan to liquidate, and further understand that the liquidation of those shares may or may not negatively impact the share price. Spartan Trading and affiliates Spark Newswire Inc. has received this amount as a production budget for advertising efforts and will retain amounts over and above the cost of production, copywriting services, mailing and other distribution expenses as a fee for our services. As such, our opinion is neither unbiased nor independent, and you should consider that when evaluating our statements regarding CYBN Inc. (Nasdq: CYBN)

Memorial Day Sale - Save up to 50%!