When Synthesis Institute south of Ashland in June 2021, the company hailed it as the future of psychedelic-assisted therapy in Oregon.
Less than two years later, the company is shuttering its operations in the state and leaving students in a financial lurch.
The Netherlands-owned Synthesis Institute was one of the most prominent players in a small group of educators currently training people to deliver psilocybin therapy. Oregon鈥檚 legal psilocybin program begins later this year under Measure 109, a voter-approved effort to provide state-regulated therapy using so-called magic mushrooms.
On March 1, however, Synthesis Institute notified its first group of students that it was going to pause its education program indefinitely.
鈥淲e know this information is unsettling and raises a lot of questions,鈥� the organization said in an email shared with OPB by students undergoing the training.
Synthesis CEO Rachel Aidan gave a much more detailed accounting of the company鈥檚 demise in an email to students Monday. She said the company 鈥渞eached the end of its financial runway in early 2023鈥� and filed for bankruptcy in the Netherlands on Feb. 27.
Aidan also said the company tried to seek an acquisition offer in February with an undisclosed company, but that plan fell through March 1, the same day students were notified. People who worked for Synthesis were notified the next day that the company was shutting down, according to Aidan鈥檚 email. She did not respond to multiple requests for comment from OPB through calls, emails and social media contacts.
鈥淲e are deeply sorry for the stress, anger and confusion that this has caused, and regret the impact that this has had on the entire community鈥� particularly given the financial and emotional investment each student makes to complete the Synthesis training and certification,鈥� Aidan wrote in her Monday email.
No student has completed the Synthesis training, however.
Claire Johnson was among the first Oregonians to enroll in the program Synthesis provided. 鈥淲e鈥檝e been harmed significantly from their unethical actions,鈥� Johnson said, referring to the leadership at Synthesis.
Johnson started her program in October and said her instructors had put together a quality curriculum that she was excited to complete in Oregon鈥檚 first-in-the-nation system. Students worked in small groups of about 10 people, Johnson said, and a 鈥渓earning facilitator鈥� would communicate with them online as they worked through modules explaining how to give psilocybin therapy sessions. Now she鈥檚 not sure what will happen to the nearly $9,000 she spent. Because the students were broken off into small groups, Johnson said she wasn鈥檛 sure how many people enrolled in Synthesis鈥� first cohort.
鈥淚 want to hold the Synthesis executive team accountable for this,鈥� she said.
Synthesis co-founder Myles Katz did not respond to requests for comment, and a phone number listed with the state of Oregon for his business is disconnected. Co-founder Martijn Schirp responded to a request for comment with an automated email: 鈥淒ue to a high number of emails I am unable to reply to each email individually. I appreciate your patience.鈥�
In her outreach to students and staff Monday, Aidan said a Canadian company called Retreat Guru would 鈥渇ind a way to ensure the Psychedelic Practitioner Training Program continues.鈥�
Johnson described Retreat Guru as the payments processor for Synthesis Institute. Requests for comment to Retreat Guru were not immediately returned.
Under by Oregon鈥檚 Higher Education Coordinating Commission 鈥� the body responsible for approving Synthesis鈥� program 鈥� training programs that close must either find a way to finish a student鈥檚 education or provide a refund. Those rules only require organizations to refund instruction that hasn鈥檛 been received, meaning that students like Johnson may still lose out on a large amount of their tuition.
The sudden collapse of one of Oregon鈥檚 biggest psilocybin players raises questions about the rollout of an untested industry, and Johnson said that鈥檚 what concerns her most.
鈥淚t鈥檚 my hope that this experience of unethical business practices in a new and emerging industry 鈥� doesn鈥檛 have a huge impact on the reputation of this delicate and emerging psychedelics industry as a whole,鈥� she said.
Correction: This article originally gave the incorrect year for Synthesis Institute鈥檚 purchase of the Buckhorn Springs Resort in Ashland.
Copyright 2023
