The Healing Company, a new business set up to acquire consumer health brands, has been backed by wellness icon Deepak Chopra, psychedelics entrepreneur Christian Angermayer and Dragons’ Den investor Steven Bartlett.

The Healing Company, which is giving Chopra a stake in the business in exchange for his time and advice, is aiming to buy and scale 15 direct-to-consumer health brands over the next three years, focusing on holistic medicine and supplements.

“The Healing Company is a team of entrepreneurs, disruptors, healers, leaders and notable people from across Europe and US,” CEO Simon Belsham told CNBC Friday. “We all have a shared goal of addressing the healthcare crisis that we’re in today.”

Chopra, who has agreed to become The Healing Company’s chief scientific advisor, told CNBC that he decided to get involved after meeting Belsham at one of his retreats, which focus on mindfulness, relaxation and meditation.

“For the last 45 years, I’ve focused on integrated health and wellbeing and I thought they had a great business plan to acquire more companies” Chopra said on a call Monday. “I decided I could help them with scientific validation of products and services.”

The Healing Company is planning to acquire brands with nutraceuticals (substances thought to provide medical and health benefits) and nutritional products that address areas like immunity, longevity, inflammation, sleep and stress management. However, Chopra said the markets that these products fit into are full of scam products.

“The problem is every celebrity you can name is creating their own nutraceuticals and there is no credibility anymore for that so there needs to be some kind of scientific validation,” Chopra said, adding that his team at the non-profit Chopra Foundation will review existing research before advising The Healing Company on whether to acquire a brand.

In addition to nutraceuticals and nutritional products, The Healing Company should also look at psychedelics, Chopra said, adding that ketamine, MDMA and psilocybin (the hallucinogenic compound found in magic mushrooms) could all have a role to play in treating mental health problems.

“I would encourage them to look into the psychedelic arena because that’s one of my areas of expertise,” said Chopra, who has also partnered companies like Fitbit.