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<!-- Generated by Broadridge Transform (tm) - http://www.broadridge.com -->
<!-- Created: Mon Jun 22 19:17:00 UTC 2026 -->
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfShareCapitalAxis_lbl" xml:lang="en-US">Classes of share capital [axis]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentAssets_lbl" xml:lang="en-US">Total current assets</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">TOTAL ASSETS</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">TOTAL LIABILITIES</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">TOTAL SHAREHOLDERS&#8217; EQUITY</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Equity_lbl0" xml:lang="en-US">Balance</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Equity_lbl1" xml:lang="en-US">Balance</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Equity_lbl2" xml:lang="en-US">NET DEFICIT</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en-US">TOTAL LIABILITIES AND SHAREHOLDERS EQUITY</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US">Loss before other items</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">NET INCOME/(LOSS)</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLoss_lbl0" xml:lang="en-US">Net profit (loss) for the year</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLoss_lbl1" xml:lang="en-US">Net (loss)/profit</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="ifrs-full_ProfitLoss_lbl2" xml:lang="en-US">Net Income/(Loss) before recovery of income taxes</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_ComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US">TOTAL COMPREHENSIVE INCOME/(LOSS)</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_NumberOfSharesOutstanding" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xml:lang="en-US">Balance (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesOutstanding" xlink:to="ifrs-full_NumberOfSharesOutstanding_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl0" xml:lang="en-US">Balance (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesOutstanding" xlink:to="ifrs-full_NumberOfSharesOutstanding_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl1" xml:lang="en-US">Number of shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesOutstanding" xlink:to="ifrs-full_NumberOfSharesOutstanding_lbl1"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ComponentsOfEquityAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfEquityAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfEquityAxis_lbl" xml:lang="en-US">Components of equity [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityAxis" xlink:to="ifrs-full_ComponentsOfEquityAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xml:lang="en-US">Cash used in operating activities</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en-US">Cash used for investing activities</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en-US">Cash provided from financing activities</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xml:lang="en-US">Change in cash and cash equivalents</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_CashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents, beginning of year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl0" xml:lang="en-US">Cash and cash equivalents, end of year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl1" xml:lang="en-US">Cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl2" xml:lang="en-US">Cash and cash equivalent</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_lbl2"/>
    <loc xlink:type="locator" xlink:label="pbm_NatureOfOperationsAndGoingConcernAbstract" xlink:href="pbm-20260331.xsd#pbm_NatureOfOperationsAndGoingConcernAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_NatureOfOperationsAndGoingConcernAbstract_lbl" xml:lang="en-US">Nature of Operations and Going Concern [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NatureOfOperationsAndGoingConcernAbstract" xlink:to="pbm_NatureOfOperationsAndGoingConcernAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesAbstract_lbl" xml:lang="en-US">Basis of Presentation [Abstract]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl" xml:lang="en-US">Subsidiaries [axis]</label>
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    <loc xlink:type="locator" xlink:label="pbm_MaterialAccountingPoliciesAbstract" xlink:href="pbm-20260331.xsd#pbm_MaterialAccountingPoliciesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_MaterialAccountingPoliciesAbstract_lbl" xml:lang="en-US">Material Accounting Policies [Abstract]</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xml:lang="en-US">Classes of financial instruments [axis]</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_CumulativeEffectAtDateOfInitialApplicationAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CumulativeEffectAtDateOfInitialApplicationAxis"/>
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    <loc xlink:type="locator" xlink:label="pbm_ReverseTakeoverTransactionWithNCACAbstract" xlink:href="pbm-20260331.xsd#pbm_ReverseTakeoverTransactionWithNCACAbstract"/>
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    <loc xlink:type="locator" xlink:label="ifrs-full_ExpenseByNatureAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpenseByNatureAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpenseByNatureAbstract_lbl" xml:lang="en-US">Schedule of Listing Expenses [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseByNatureAbstract" xlink:to="ifrs-full_ExpenseByNatureAbstract_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExpenseByNatureAbstract_lbl0" xml:lang="en-US">Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseByNatureAbstract" xlink:to="ifrs-full_ExpenseByNatureAbstract_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NetAssetsLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetAssetsLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_NetAssetsLiabilities_lbl" xml:lang="en-US">Net liabilities acquired</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetAssetsLiabilities" xlink:to="ifrs-full_NetAssetsLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_IfrsTaxPeriodAxis" xlink:href="pbm-20260331.xsd#pbm_IfrsTaxPeriodAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_IfrsTaxPeriodAxis_lbl" xml:lang="en-US">IFRS Tax Period [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IfrsTaxPeriodAxis" xlink:to="pbm_IfrsTaxPeriodAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CashAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAbstract_lbl" xml:lang="en-US">Cash, Restricted Cash and Cash Equivalents [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAbstract" xlink:to="ifrs-full_CashAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CashAndCashEquivalentsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalentsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalentsAbstract_lbl" xml:lang="en-US">Schedule of Cash and Cash Equivalents [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsAbstract" xlink:to="ifrs-full_CashAndCashEquivalentsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_RestrictedCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RestrictedCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_RestrictedCashAndCashEquivalents_lbl" xml:lang="en-US">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RestrictedCashAndCashEquivalents" xlink:to="ifrs-full_RestrictedCashAndCashEquivalents_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DigitalAssetsAbstract" xlink:href="pbm-20260331.xsd#pbm_DigitalAssetsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_DigitalAssetsAbstract_lbl" xml:lang="en-US">Digital Assets [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DigitalAssetsAbstract" xlink:to="pbm_DigitalAssetsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DigitalAssetsAxis" xlink:href="pbm-20260331.xsd#pbm_DigitalAssetsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DigitalAssetsAxis_lbl" xml:lang="en-US">Digital Assets [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DigitalAssetsAxis" xlink:to="pbm_DigitalAssetsAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_TradeAndOtherReceivablesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherReceivablesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherReceivablesAbstract_lbl" xml:lang="en-US">Loan Receivable [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherReceivablesAbstract" xlink:to="ifrs-full_TradeAndOtherReceivablesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfLoanProceedsAbstract" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfLoanProceedsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ScheduleOfLoanProceedsAbstract_lbl" xml:lang="en-US">Schedule of Loan Proceeds [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfLoanProceedsAbstract" xlink:to="pbm_ScheduleOfLoanProceedsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_LoansAndAdvancesToCustomers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToCustomers"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_LoansAndAdvancesToCustomers_lbl" xml:lang="en-US">Loan receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LoansAndAdvancesToCustomers" xlink:to="ifrs-full_LoansAndAdvancesToCustomers_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LoansAndAdvancesToCustomers_lbl0" xml:lang="en-US">Loan receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LoansAndAdvancesToCustomers" xlink:to="ifrs-full_LoansAndAdvancesToCustomers_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CurrentPrepaymentsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentPrepaymentsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentPrepaymentsAbstract_lbl" xml:lang="en-US">Prepaid Expenses [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentPrepaymentsAbstract" xlink:to="ifrs-full_CurrentPrepaymentsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract_lbl" xml:lang="en-US">Schedule of Prepaid Expenses [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract" xlink:to="ifrs-full_PrepaymentsAndAccruedIncomeOtherThanContractAssetsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentAbstract_lbl" xml:lang="en-US">Equipment [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentAbstract" xlink:to="ifrs-full_PropertyPlantAndEquipmentAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl" xml:lang="en-US">Classes of property, plant and equipment [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_PropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl" xml:lang="en-US">Beginning balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl0" xml:lang="en-US">Ending balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipment_lbl1" xml:lang="en-US">Equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipment" xlink:to="ifrs-full_PropertyPlantAndEquipment_lbl1"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_InvestmentPropertyAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentPropertyAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentPropertyAbstract_lbl" xml:lang="en-US">Psyence Labs Ltd. Investment and Investment in Associate [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentPropertyAbstract" xlink:to="ifrs-full_InvestmentPropertyAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfCarryingAmountOfInvestmentAbstract" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfCarryingAmountOfInvestmentAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ScheduleOfCarryingAmountOfInvestmentAbstract_lbl" xml:lang="en-US">Schedule of Carrying Amount of Investment [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfCarryingAmountOfInvestmentAbstract" xlink:to="pbm_ScheduleOfCarryingAmountOfInvestmentAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_InvestmentInAssociateAtAcquisitionDate" xlink:href="pbm-20260331.xsd#pbm_InvestmentInAssociateAtAcquisitionDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbm_InvestmentInAssociateAtAcquisitionDate_lbl" xml:lang="en-US">Total &#8211; Investment in Associate at Acquisition Date, Shares (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_InvestmentInAssociateAtAcquisitionDate" xlink:to="pbm_InvestmentInAssociateAtAcquisitionDate_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_TotalInvestmentInAssociateAtAcquisitionDateAmount" xlink:href="pbm-20260331.xsd#pbm_TotalInvestmentInAssociateAtAcquisitionDateAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbm_TotalInvestmentInAssociateAtAcquisitionDateAmount_lbl" xml:lang="en-US">Total &#8211; Investment in Associate at Acquisition Date, Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TotalInvestmentInAssociateAtAcquisitionDateAmount" xlink:to="pbm_TotalInvestmentInAssociateAtAcquisitionDateAmount_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_TradeAndOtherPayablesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherPayablesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherPayablesAbstract_lbl" xml:lang="en-US">Accounts Payable and Accrued Liabilities [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayablesAbstract" xlink:to="ifrs-full_TradeAndOtherPayablesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CategoriesOfFinancialLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfFinancialLiabilitiesAbstract_lbl" xml:lang="en-US">&#8203;Schedule of Accounts Payable and Accrued Liabilities [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfFinancialLiabilitiesAbstract" xlink:to="ifrs-full_CategoriesOfFinancialLiabilitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_CurrentAccountsPayableAndAccruedLiabilities" xlink:href="pbm-20260331.xsd#pbm_CurrentAccountsPayableAndAccruedLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbm_CurrentAccountsPayableAndAccruedLiabilities_lbl" xml:lang="en-US">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CurrentAccountsPayableAndAccruedLiabilities" xlink:to="pbm_CurrentAccountsPayableAndAccruedLiabilities_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_CurrentAccountsPayableAndAccruedLiabilities_lbl0" xml:lang="en-US">Accounts payable and accrued liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CurrentAccountsPayableAndAccruedLiabilities" xlink:to="pbm_CurrentAccountsPayableAndAccruedLiabilities_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_DerivativeWarrantLiabilitiesAbstract" xlink:href="pbm-20260331.xsd#pbm_DerivativeWarrantLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_DerivativeWarrantLiabilitiesAbstract_lbl" xml:lang="en-US">Derivative Warrant Liabilities [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DerivativeWarrantLiabilitiesAbstract" xlink:to="pbm_DerivativeWarrantLiabilitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_UnobservableInputsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnobservableInputsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnobservableInputsAxis_lbl" xml:lang="en-US">Unobservable inputs [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnobservableInputsAxis" xlink:to="ifrs-full_UnobservableInputsAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfShareIssuedWarrantLiability" xlink:href="pbm-20260331.xsd#pbm_NumberOfShareIssuedWarrantLiability"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="pbm_NumberOfShareIssuedWarrantLiability_lbl" xml:lang="en-US">Number of shares, Opening balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfShareIssuedWarrantLiability" xlink:to="pbm_NumberOfShareIssuedWarrantLiability_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="pbm_NumberOfShareIssuedWarrantLiability_lbl0" xml:lang="en-US">Number of shares, Balance ending</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfShareIssuedWarrantLiability" xlink:to="pbm_NumberOfShareIssuedWarrantLiability_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CurrentWarrantLiability" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentWarrantLiability"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_CurrentWarrantLiability_lbl" xml:lang="en-US">Amount, Opening balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentWarrantLiability" xlink:to="ifrs-full_CurrentWarrantLiability_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_CurrentWarrantLiability_lbl0" xml:lang="en-US">Amount, Balance ending</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentWarrantLiability" xlink:to="ifrs-full_CurrentWarrantLiability_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CurrentWarrantLiability_lbl1" xml:lang="en-US">Derivative warrant liabilities (Note 13)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentWarrantLiability" xlink:to="ifrs-full_CurrentWarrantLiability_lbl1"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfWarrantsOutstanding" xlink:href="pbm-20260331.xsd#pbm_NumberOfWarrantsOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="pbm_NumberOfWarrantsOutstanding_lbl" xml:lang="en-US">Number of Warrants, Beginning</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsOutstanding" xlink:to="pbm_NumberOfWarrantsOutstanding_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="pbm_NumberOfWarrantsOutstanding_lbl0" xml:lang="en-US">Number of Warrants, Ending</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsOutstanding" xlink:to="pbm_NumberOfWarrantsOutstanding_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfWarrantsOutstanding_lbl1" xml:lang="en-US">Number of Warrants, Ending</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsOutstanding" xlink:to="pbm_NumberOfWarrantsOutstanding_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbm_NumberOfWarrantsOutstanding_lbl2" xml:lang="en-US">Number of Warrants Outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsOutstanding" xlink:to="pbm_NumberOfWarrantsOutstanding_lbl2"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="pbm_NumberOfWarrantsOutstanding_lbl3" xml:lang="en-US">Purchase of common shares warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsOutstanding" xlink:to="pbm_NumberOfWarrantsOutstanding_lbl3"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExercisePriceOfOutstandingShareOptions2019"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_ExercisePriceOfOutstandingShareOptions2019_lbl" xml:lang="en-US">Weighted Average Exercise Price, Beginning</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:to="ifrs-full_ExercisePriceOfOutstandingShareOptions2019_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:to="ifrs-full_ExercisePriceOfOutstandingShareOptions2019_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExercisePriceOfOutstandingShareOptions2019_lbl1" xml:lang="en-US">Weighted Average Exercise Price, Ending</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExercisePriceOfOutstandingShareOptions2019" xlink:to="ifrs-full_ExercisePriceOfOutstandingShareOptions2019_lbl1"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalAbstract_lbl" xml:lang="en-US">Share Capital [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xlink:to="ifrs-full_DisclosureOfClassesOfShareCapitalAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NumberOfSharesIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfSharesIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_NumberOfSharesIssued_lbl" xml:lang="en-US">Number of Common shares, Opening balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssued" xlink:to="ifrs-full_NumberOfSharesIssued_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_NumberOfSharesIssued_lbl0" xml:lang="en-US">Number of Common shares, Ending Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssued" xlink:to="ifrs-full_NumberOfSharesIssued_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfSharesIssued_lbl1" xml:lang="en-US">Total consideration shares issued (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssued" xlink:to="ifrs-full_NumberOfSharesIssued_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NumberOfSharesIssued_lbl2" xml:lang="en-US">Number of shares issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssued" xlink:to="ifrs-full_NumberOfSharesIssued_lbl2"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="ifrs-full_NumberOfSharesIssued_lbl3" xml:lang="en-US">Number of shares issued (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssued" xlink:to="ifrs-full_NumberOfSharesIssued_lbl3"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesIssued_lbl4" xml:lang="en-US">Pre-funded warrants issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssued" xlink:to="ifrs-full_NumberOfSharesIssued_lbl4"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_IssuedCapital" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapital"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_IssuedCapital_lbl" xml:lang="en-US">Amount of Common shares, Opening balance (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_IssuedCapital_lbl0" xml:lang="en-US">Amount of Common shares, Ending Balance (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssuedCapital_lbl1" xml:lang="en-US">Share Capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IssuedCapital_lbl2" xml:lang="en-US">Share capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital_lbl2"/>
    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfIssuedAndOutstandingWarrantsAbstract" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfIssuedAndOutstandingWarrantsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ScheduleOfIssuedAndOutstandingWarrantsAbstract_lbl" xml:lang="en-US">Schedule of Issued and Outstanding Warrants [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfIssuedAndOutstandingWarrantsAbstract" xlink:to="pbm_ScheduleOfIssuedAndOutstandingWarrantsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfWarrantsSharesOpeningBalance" xlink:href="pbm-20260331.xsd#pbm_NumberOfWarrantsSharesOpeningBalance"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="pbm_NumberOfWarrantsSharesOpeningBalance_lbl" xml:lang="en-US">Number of Warrants, Opening balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsSharesOpeningBalance" xlink:to="pbm_NumberOfWarrantsSharesOpeningBalance_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfWarrantsOpeningBalance" xlink:href="pbm-20260331.xsd#pbm_AmountOfWarrantsOpeningBalance"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="pbm_AmountOfWarrantsOpeningBalance_lbl" xml:lang="en-US">Amount of Warrants, Opening balance (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfWarrantsOpeningBalance" xlink:to="pbm_AmountOfWarrantsOpeningBalance_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfWarrantsSharesEndingBalanceinShares" xlink:href="pbm-20260331.xsd#pbm_NumberOfWarrantsSharesEndingBalanceinShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="pbm_NumberOfWarrantsSharesEndingBalanceinShares_lbl" xml:lang="en-US">Number of Warrants, Ending Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsSharesEndingBalanceinShares" xlink:to="pbm_NumberOfWarrantsSharesEndingBalanceinShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfWarrantsEndingBalance" xlink:href="pbm-20260331.xsd#pbm_AmountOfWarrantsEndingBalance"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="pbm_AmountOfWarrantsEndingBalance_lbl" xml:lang="en-US">Amount of Warrants, Ending Balance (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfWarrantsEndingBalance" xlink:to="pbm_AmountOfWarrantsEndingBalance_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CreationDateAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreationDateAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CreationDateAxis_lbl" xml:lang="en-US">Creation date [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CreationDateAxis" xlink:to="ifrs-full_CreationDateAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NumberOfOutstandingShareOptions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfOutstandingShareOptions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_lbl" xml:lang="en-US">Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOutstandingShareOptions" xlink:to="ifrs-full_NumberOfOutstandingShareOptions_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_lbl0" xml:lang="en-US">Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOutstandingShareOptions" xlink:to="ifrs-full_NumberOfOutstandingShareOptions_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_TypesOfAntidilutiveInstrumentsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfAntidilutiveInstrumentsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfAntidilutiveInstrumentsAxis_lbl" xml:lang="en-US">Types of antidilutive instruments [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfAntidilutiveInstrumentsAxis" xlink:to="ifrs-full_TypesOfAntidilutiveInstrumentsAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" xml:lang="en-US">Other Income [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="ifrs-full_OtherComprehensiveIncomeAbstract_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract_lbl0" xml:lang="en-US">Other comprehensive income/(loss)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="ifrs-full_OtherComprehensiveIncomeAbstract_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AnalysisOfIncomeAndExpenseAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AnalysisOfIncomeAndExpenseAbstract_lbl" xml:lang="en-US">Other Expense [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AnalysisOfIncomeAndExpenseAbstract" xlink:to="ifrs-full_AnalysisOfIncomeAndExpenseAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_BorrowingsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsAbstract_lbl" xml:lang="en-US">Convertible Note Liability [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsAbstract" xlink:to="ifrs-full_BorrowingsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PromissoryNotesAbstract" xlink:href="pbm-20260331.xsd#pbm_PromissoryNotesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_PromissoryNotesAbstract_lbl" xml:lang="en-US">Promissory Notes [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PromissoryNotesAbstract" xlink:to="pbm_PromissoryNotesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ELOCAbstract" xlink:href="pbm-20260331.xsd#pbm_ELOCAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ELOCAbstract_lbl" xml:lang="en-US">ELOC [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ELOCAbstract" xlink:to="pbm_ELOCAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PIPEFinancingPrivatePlacementAndWarrantsAbstract" xlink:href="pbm-20260331.xsd#pbm_PIPEFinancingPrivatePlacementAndWarrantsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_PIPEFinancingPrivatePlacementAndWarrantsAbstract_lbl" xml:lang="en-US">PIPE Financing - Private Placement and Warrants [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PIPEFinancingPrivatePlacementAndWarrantsAbstract" xlink:to="pbm_PIPEFinancingPrivatePlacementAndWarrantsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValueAllocationGrossProceeds" xlink:href="pbm-20260331.xsd#pbm_FairValueAllocationGrossProceeds"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="pbm_FairValueAllocationGrossProceeds_lbl" xml:lang="en-US">Total gross proceeds</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueAllocationGrossProceeds" xlink:to="pbm_FairValueAllocationGrossProceeds_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FairValueAllocationGrossProceeds_lbl0" xml:lang="en-US">Gross proceeds</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueAllocationGrossProceeds" xlink:to="pbm_FairValueAllocationGrossProceeds_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_MeasurementAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MeasurementAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MeasurementAxis_lbl" xml:lang="en-US">Measurement [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MeasurementAxis" xlink:to="ifrs-full_MeasurementAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_IssuedCapitalAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapitalAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssuedCapitalAbstract_lbl" xml:lang="en-US">Capital Management [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapitalAbstract" xlink:to="ifrs-full_IssuedCapitalAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfTotalManagedCapitalAbstract" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfTotalManagedCapitalAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ScheduleOfTotalManagedCapitalAbstract_lbl" xml:lang="en-US">Schedule of Total Managed Capital [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfTotalManagedCapitalAbstract" xlink:to="pbm_ScheduleOfTotalManagedCapitalAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CurrentFinancialLiabilitiesAtAmortisedCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentFinancialLiabilitiesAtAmortisedCost"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentFinancialLiabilitiesAtAmortisedCost_lbl" xml:lang="en-US">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentFinancialLiabilitiesAtAmortisedCost" xlink:to="ifrs-full_CurrentFinancialLiabilitiesAtAmortisedCost_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_RelatedPartyTransactionsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RelatedPartyTransactionsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RelatedPartyTransactionsAbstract_lbl" xml:lang="en-US">Transactions with Related Parties [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RelatedPartyTransactionsAbstract" xlink:to="ifrs-full_RelatedPartyTransactionsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesAbstract_lbl" xml:lang="en-US">Schedule of Key Management Personnel [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesAbstract" xlink:to="ifrs-full_DisclosureOfAmountsIncurredByEntityForProvisionOfKeyManagementPersonnelServicesProvidedBySeparateManagementEntitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_KeyManagementPersonnelCompensation" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xml:lang="en-US">Total</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReconciliationOfAccountingProfitMultipliedByApplicableTaxRatesAbstract_lbl" xml:lang="en-US">Schedule of Canadian Federal and Provincial Statutory Income Tax Rate [Abstract]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US">Income tax (recovery)/expense</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US">Schedule of Components of Deferred Tax [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:to="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:to="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_GeographicalAreasAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeographicalAreasAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GeographicalAreasAxis_lbl" xml:lang="en-US">Geographical areas [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasAxis" xlink:to="ifrs-full_GeographicalAreasAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsAbstract_lbl" xml:lang="en-US">Financial Instruments and Financial Risk Management [Abstract]</label>
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    <loc xlink:type="locator" xlink:label="pbm_IfrsClassOfWarrantOrRightAxis" xlink:href="pbm-20260331.xsd#pbm_IfrsClassOfWarrantOrRightAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_IfrsClassOfWarrantOrRightAxis_lbl" xml:lang="en-US">Ifrs Class of Warrant or Right [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IfrsClassOfWarrantOrRightAxis" xlink:to="pbm_IfrsClassOfWarrantOrRightAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis_lbl" xml:lang="en-US">Classes of financial liabilities [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfFinancialLiabilitiesAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis_lbl" xml:lang="en-US">Categories of related parties [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="ifrs-full_CategoriesOfRelatedPartiesAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl" xml:lang="en-US">Levels of fair value hierarchy [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_MaturityAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaturityAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaturityAxis_lbl" xml:lang="en-US">Maturity [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaturityAxis" xlink:to="ifrs-full_MaturityAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract_lbl" xml:lang="en-US">Subsequent Events [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract" xlink:to="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_DocumentType" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentType"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_DocumentRegistrationStatement" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentRegistrationStatement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_DocumentAnnualReport" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAnnualReport"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_CurrentFiscalYearEndDate" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CurrentFiscalYearEndDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_DocumentPeriodEndDate" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentPeriodEndDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_DocumentFiscalYearFocus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalYearFocus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_DocumentTransitionReport" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentTransitionReport"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_DocumentShellCompanyReport" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentShellCompanyReport"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityFileNumber" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFileNumber"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityRegistrantName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityRegistrantName"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityIncorporationStateCountryCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityIncorporationStateCountryCode"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityAddressCountry" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCountry"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityAddressAddressLine1" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityAddressAddressLine2" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressAddressLine2"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityAddressCityOrTown" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressCityOrTown"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityAddressStateOrProvince" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressStateOrProvince"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityAddressPostalZipCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_ContactPersonnelName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_ContactPersonnelName"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_ContactPersonnelName_lbl" xml:lang="en-US">Contact Personnel Name</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_ContactPersonnelName" xlink:to="dei_ContactPersonnelName_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_CityAreaCode" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CityAreaCode"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_LocalPhoneNumber" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_LocalPhoneNumber"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_Security12bTitle" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_Security12bTitle"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_TradingSymbol" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_SecurityExchangeName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityCommonStockSharesOutstanding" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCommonStockSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityWellKnownSeasonedIssuer" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityWellKnownSeasonedIssuer"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityVoluntaryFilers" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityVoluntaryFilers"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityCurrentReportingStatus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCurrentReportingStatus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityInteractiveDataCurrent" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityInteractiveDataCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityFilerCategory" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFilerCategory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityEmergingGrowthCompany" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityExTransitionPeriod" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityExTransitionPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Entity Ex Transition Period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_IcfrAuditorAttestationFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_IcfrAuditorAttestationFlag"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_IcfrAuditorAttestationFlag_lbl" xml:lang="en-US">ICFR Auditor Attestation Flag</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_IcfrAuditorAttestationFlag" xlink:to="dei_IcfrAuditorAttestationFlag_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_DocumentFinStmtErrorCorrectionFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFinStmtErrorCorrectionFlag"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentFinStmtErrorCorrectionFlag_lbl" xml:lang="en-US">Document Financial Statement Error Correction [Flag]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFinStmtErrorCorrectionFlag" xlink:to="dei_DocumentFinStmtErrorCorrectionFlag_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_DocumentAccountingStandard" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAccountingStandard"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityShellCompany" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityShellCompany"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_AuditorFirmId" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorFirmId"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_AuditorFirmId_lbl" xml:lang="en-US">Auditor Firm ID</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditorFirmId" xlink:to="dei_AuditorFirmId_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_AuditorOpinionTextBlock" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorOpinionTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_AuditorOpinionTextBlock_lbl" xml:lang="en-US">Auditor Opinion [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditorOpinionTextBlock" xlink:to="dei_AuditorOpinionTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_AuditorLocation" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorLocation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_AuditorLocation_lbl" xml:lang="en-US">Auditor Location</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditorLocation" xlink:to="dei_AuditorLocation_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_AuditorName" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorName"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_AuditorName_lbl" xml:lang="en-US">Auditor Name</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditorName" xlink:to="dei_AuditorName_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_EntityCentralIndexKey" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCentralIndexKey"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_AmendmentFlag" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_DocumentFiscalPeriodFocus" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalPeriodFocus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAbstract_lbl" xml:lang="en-US">ASSETS</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAbstract" xlink:to="ifrs-full_AssetsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CurrentAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentAssetsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentAssetsAbstract_lbl" xml:lang="en-US">Current assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssetsAbstract" xlink:to="ifrs-full_CurrentAssetsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CurrentRestrictedCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentRestrictedCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentRestrictedCashAndCashEquivalents_lbl" xml:lang="en-US">Restricted cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentRestrictedCashAndCashEquivalents" xlink:to="ifrs-full_CurrentRestrictedCashAndCashEquivalents_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OtherCurrentReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherCurrentReceivables"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherCurrentReceivables_lbl" xml:lang="en-US">Other receivables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCurrentReceivables" xlink:to="ifrs-full_OtherCurrentReceivables_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CurrentPrepaidExpenses" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentPrepaidExpenses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentPrepaidExpenses_lbl" xml:lang="en-US">Prepaid expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentPrepaidExpenses" xlink:to="ifrs-full_CurrentPrepaidExpenses_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentPrepaidExpenses_lbl0" xml:lang="en-US">Total</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentPrepaidExpenses" xlink:to="ifrs-full_CurrentPrepaidExpenses_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NoncurrentAssetsAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentAssetsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentAssetsAbstract_lbl" xml:lang="en-US">Non-current assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssetsAbstract" xlink:to="ifrs-full_NoncurrentAssetsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DigitalAssets" xlink:href="pbm-20260331.xsd#pbm_DigitalAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DigitalAssets_lbl" xml:lang="en-US">Digital Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DigitalAssets" xlink:to="pbm_DigitalAssets_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_InvestmentsInAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentsInAssociates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsInAssociates_lbl" xml:lang="en-US">Investment in Associate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInAssociates" xlink:to="ifrs-full_InvestmentsInAssociates_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InvestmentsInAssociates_lbl0" xml:lang="en-US">Investment in associate at Acquisition Date (February 25, 2026)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInAssociates" xlink:to="ifrs-full_InvestmentsInAssociates_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="ifrs-full_InvestmentsInAssociates_lbl1" xml:lang="en-US">Carrying amount at March 31, 2026</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInAssociates" xlink:to="ifrs-full_InvestmentsInAssociates_lbl1"/>
    <loc xlink:type="locator" xlink:label="pbm_InvestmentInPsyenceLabsLtd" xlink:href="pbm-20260331.xsd#pbm_InvestmentInPsyenceLabsLtd"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_InvestmentInPsyenceLabsLtd_lbl" xml:lang="en-US">Investment in Psyence Labs Ltd</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_InvestmentInPsyenceLabsLtd" xlink:to="pbm_InvestmentInPsyenceLabsLtd_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_LiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilitiesAbstract_lbl" xml:lang="en-US">LIABILITIES</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesAbstract" xlink:to="ifrs-full_LiabilitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CurrentLiabilitiesAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentLiabilitiesAbstract_lbl" xml:lang="en-US">Current liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentLiabilitiesAbstract" xlink:to="ifrs-full_CurrentLiabilitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentDerivativeFinancialLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentDerivativeFinancialLiabilities_lbl" xml:lang="en-US">Derivative warrant liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentDerivativeFinancialLiabilities" xlink:to="ifrs-full_CurrentDerivativeFinancialLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_EquityAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityAbstract_lbl" xml:lang="en-US">SHAREHOLDERS&#8217; EQUITY</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAbstract" xlink:to="ifrs-full_EquityAbstract_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_EquityAbstract_lbl0" xml:lang="en-US">EQUITY</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAbstract" xlink:to="ifrs-full_EquityAbstract_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_WarrantReserve" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WarrantReserve"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WarrantReserve_lbl" xml:lang="en-US">Warrants Reserve</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WarrantReserve" xlink:to="ifrs-full_WarrantReserve_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_WarrantReserve_lbl0" xml:lang="en-US">Warrant reserve</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WarrantReserve" xlink:to="ifrs-full_WarrantReserve_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CapitalReserve" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CapitalReserve"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CapitalReserve_lbl" xml:lang="en-US">Options Reserve</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CapitalReserve" xlink:to="ifrs-full_CapitalReserve_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_RetainedEarnings" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetainedEarnings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US">Accumulated Deficit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarnings" xlink:to="ifrs-full_RetainedEarnings_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OtherReserves" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherReserves"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en-US">Reserves</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_SalesAndMarketingExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SalesAndMarketingExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SalesAndMarketingExpense_lbl" xml:lang="en-US">Sales and marketing</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SalesAndMarketingExpense" xlink:to="ifrs-full_SalesAndMarketingExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ResearchAndDevelopmentExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ResearchAndDevelopmentExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ResearchAndDevelopmentExpense_lbl" xml:lang="en-US">Research and development</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ResearchAndDevelopmentExpense" xlink:to="ifrs-full_ResearchAndDevelopmentExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_GeneralAndAdministrativeExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeneralAndAdministrativeExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US">General and administrative</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeneralAndAdministrativeExpense" xlink:to="ifrs-full_GeneralAndAdministrativeExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ProfessionalFeesExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfessionalFeesExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfessionalFeesExpense_lbl" xml:lang="en-US">Professional and consulting fees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfessionalFeesExpense" xlink:to="ifrs-full_ProfessionalFeesExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OperatingCategoryInProfitOrLossAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OperatingCategoryInProfitOrLossAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OperatingCategoryInProfitOrLossAbstract_lbl" xml:lang="en-US">Other items</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OperatingCategoryInProfitOrLossAbstract" xlink:to="ifrs-full_OperatingCategoryInProfitOrLossAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OtherIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherIncome_lbl" xml:lang="en-US">Other income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherIncome" xlink:to="ifrs-full_OtherIncome_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_RevenueFromInterest" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevenueFromInterest_lbl" xml:lang="en-US">Interest income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromInterest" xlink:to="ifrs-full_RevenueFromInterest_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Foreign exchange loss</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:to="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValueGainOnInvestment" xlink:href="pbm-20260331.xsd#pbm_FairValueGainOnInvestment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FairValueGainOnInvestment_lbl" xml:lang="en-US">Fair value gain on investment in Psyence Labs Ltd</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueGainOnInvestment" xlink:to="pbm_FairValueGainOnInvestment_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Share of losses from Associate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl0" xml:lang="en-US">Share of associate net loss &#8211; February 25 to March 31, 2026</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl1" xml:lang="en-US">Net loss</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl1"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl" xml:lang="en-US">Foreign exchange gain/(loss) on translation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_OtherComprehensiveIncomeLoss" xlink:href="pbm-20260331.xsd#pbm_OtherComprehensiveIncomeLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_OtherComprehensiveIncomeLoss_lbl" xml:lang="en-US">Other comprehensive income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_OtherComprehensiveIncomeLoss" xlink:to="pbm_OtherComprehensiveIncomeLoss_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_BasicEarningsLossPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BasicEarningsLossPerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xml:lang="en-US">Income/(Loss) per share - basic (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicEarningsLossPerShare" xlink:to="ifrs-full_BasicEarningsLossPerShare_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DilutedEarningsLossPerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DilutedEarningsLossPerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DilutedEarningsLossPerShare_lbl" xml:lang="en-US">Income/(Loss) per share - diluted (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutedEarningsLossPerShare" xlink:to="ifrs-full_DilutedEarningsLossPerShare_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_WeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WeightedAverageShares_lbl" xml:lang="en-US">Weighted average number of outstanding shares - basic (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageShares" xlink:to="ifrs-full_WeightedAverageShares_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AdjustedWeightedAverageShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustedWeightedAverageShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustedWeightedAverageShares_lbl" xml:lang="en-US">Weighted average number of outstanding shares - diluted (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustedWeightedAverageShares" xlink:to="ifrs-full_AdjustedWeightedAverageShares_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_IssueOfEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssueOfEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssueOfEquity_lbl" xml:lang="en-US">Issuance of shares to Psyence Group Inc</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssueOfEquity" xlink:to="ifrs-full_IssueOfEquity_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IssueOfEquity_lbl0" xml:lang="en-US">Deemed consideration amount for the common shares issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssueOfEquity" xlink:to="ifrs-full_IssueOfEquity_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToPsyenceGroupInc" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToPsyenceGroupInc"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToPsyenceGroupInc_lbl" xml:lang="en-US">Issuance of shares to Psyence Group Inc (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToPsyenceGroupInc" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToPsyenceGroupInc_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesToNCACShareholders" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodValueIssuanceOfSharesToNCACShareholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesToNCACShareholders_lbl" xml:lang="en-US">Issuance of shares to NCAC shareholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesToNCACShareholders" xlink:to="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesToNCACShareholders_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToNCACShareholders" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToNCACShareholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToNCACShareholders_lbl" xml:lang="en-US">Issuance of shares to NCAC shareholders (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToNCACShareholders" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToNCACShareholders_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForDebtSettlement" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForDebtSettlement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForDebtSettlement_lbl" xml:lang="en-US">Issuance of shares for debt settlement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForDebtSettlement" xlink:to="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForDebtSettlement_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForDebtSettlement" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForDebtSettlement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForDebtSettlement_lbl" xml:lang="en-US">Issuance of shares for debt settlement (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForDebtSettlement" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForDebtSettlement_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesToThirdPartyAdvisors" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodValueIssuanceOfSharesToThirdPartyAdvisors"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesToThirdPartyAdvisors_lbl" xml:lang="en-US">Issuance of shares to third party advisors</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesToThirdPartyAdvisors" xlink:to="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesToThirdPartyAdvisors_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToThirdPartyAdvisors" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToThirdPartyAdvisors"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToThirdPartyAdvisors_lbl" xml:lang="en-US">Issuance of shares to third party advisors (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToThirdPartyAdvisors" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToThirdPartyAdvisors_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Other comprehensive income (loss)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForConvertibleNote" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForConvertibleNote"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForConvertibleNote_lbl" xml:lang="en-US">Issuance of shares for convertible note</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForConvertibleNote" xlink:to="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForConvertibleNote_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForConvertibleNoteinShares" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForConvertibleNoteinShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForConvertibleNoteinShares_lbl" xml:lang="en-US">Issuance of shares for convertible note (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForConvertibleNoteinShares" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForConvertibleNoteinShares_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity_lbl" xml:lang="en-US">Issuance of warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity" xlink:to="ifrs-full_IncreaseDecreaseThroughExerciseOfWarrantsEquity_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForELOCNetOfIssuanceCosts" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForELOCNetOfIssuanceCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForELOCNetOfIssuanceCosts_lbl" xml:lang="en-US">Issuance of shares for ELOC, net of issuance costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForELOCNetOfIssuanceCosts" xlink:to="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForELOCNetOfIssuanceCosts_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForELOCNetOfIssuanceCostsinShares" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForELOCNetOfIssuanceCostsinShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForELOCNetOfIssuanceCostsinShares_lbl" xml:lang="en-US">Issuance of shares for ELOC, net of issuance costs (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForELOCNetOfIssuanceCostsinShares" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForELOCNetOfIssuanceCostsinShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForWarrantExchange" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForWarrantExchange"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForWarrantExchange_lbl" xml:lang="en-US">Issuance of shares for warrant exchange</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForWarrantExchange" xlink:to="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForWarrantExchange_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchangeinShares" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchangeinShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchangeinShares_lbl" xml:lang="en-US">Issuance of shares for warrant exchange (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchangeinShares" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchangeinShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForPromissoryNotes" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForPromissoryNotes"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForPromissoryNotes_lbl" xml:lang="en-US">Issuance of shares for promissory notes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForPromissoryNotes" xlink:to="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForPromissoryNotes_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForPromissoryNotesinShares" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForPromissoryNotesinShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForPromissoryNotesinShares_lbl" xml:lang="en-US">Issuance of shares for promissory notes (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForPromissoryNotesinShares" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForPromissoryNotesinShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForPsyenceLabsLtdShares" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForPsyenceLabsLtdShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForPsyenceLabsLtdShares_lbl" xml:lang="en-US">Issuance of shares for Psyence Labs Ltd shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForPsyenceLabsLtdShares" xlink:to="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForPsyenceLabsLtdShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForPsyenceLabsLtdSharesinShares" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForPsyenceLabsLtdSharesinShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForPsyenceLabsLtdSharesinShares_lbl" xml:lang="en-US">Issuance of shares for Psyence Labs Ltd shares (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForPsyenceLabsLtdSharesinShares" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForPsyenceLabsLtdSharesinShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCosts" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodValueIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCosts_lbl" xml:lang="en-US">Issuance of units for PIPE financing, net of issuance costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodValueIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCosts" xlink:to="pbm_StockIssuedDuringPeriodValueIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCosts_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodShareIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCostsinShares" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodShareIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCostsinShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodShareIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCostsinShares_lbl" xml:lang="en-US">Issuance of units for PIPE financing, net of issuance costs (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodShareIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCostsinShares" xlink:to="pbm_StockIssuedDuringPeriodShareIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCostsinShares_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments_lbl" xml:lang="en-US">Issuance of shares for warrant conversion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:to="ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments_lbl0" xml:lang="en-US">Equity on conversion</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments" xlink:to="ifrs-full_IncreaseDecreaseThroughConversionOfConvertibleInstruments_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantConversioninShares" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantConversioninShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantConversioninShares_lbl" xml:lang="en-US">Issuance of shares for warrant conversion (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantConversioninShares" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantConversioninShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForInvestmentInAssociate" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForInvestmentInAssociate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForInvestmentInAssociate_lbl" xml:lang="en-US">Issuance of shares for investment in Associate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForInvestmentInAssociate" xlink:to="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForInvestmentInAssociate_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_IssuanceOfSharesForInvestmentInAssociate" xlink:href="pbm-20260331.xsd#pbm_IssuanceOfSharesForInvestmentInAssociate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_IssuanceOfSharesForInvestmentInAssociate_lbl" xml:lang="en-US">Issuance of shares for investment in Associate (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IssuanceOfSharesForInvestmentInAssociate" xlink:to="pbm_IssuanceOfSharesForInvestmentInAssociate_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_lbl" xml:lang="en-US">Share-based compensation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions" xlink:to="ifrs-full_IncreaseDecreaseThroughSharebasedPaymentTransactions_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_IssuanceOfSharesOnExerciseOfRSUs" xlink:href="pbm-20260331.xsd#pbm_IssuanceOfSharesOnExerciseOfRSUs"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_IssuanceOfSharesOnExerciseOfRSUs_lbl" xml:lang="en-US">Issuance of shares on exercise of RSUs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IssuanceOfSharesOnExerciseOfRSUs" xlink:to="pbm_IssuanceOfSharesOnExerciseOfRSUs_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_IssuanceOfSharesOnExerciseOfRSUsinShares" xlink:href="pbm-20260331.xsd#pbm_IssuanceOfSharesOnExerciseOfRSUsinShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_IssuanceOfSharesOnExerciseOfRSUsinShares_lbl" xml:lang="en-US">Issuance of shares on exercise of RSUs (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IssuanceOfSharesOnExerciseOfRSUsinShares" xlink:to="pbm_IssuanceOfSharesOnExerciseOfRSUsinShares_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xml:lang="en-US">Non-cash adjustment:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValueAdjustmentOnConvertibleNote" xlink:href="pbm-20260331.xsd#pbm_FairValueAdjustmentOnConvertibleNote"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FairValueAdjustmentOnConvertibleNote_lbl" xml:lang="en-US">Fair value (gain)/loss on convertible note</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueAdjustmentOnConvertibleNote" xlink:to="pbm_FairValueAdjustmentOnConvertibleNote_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbm_FairValueAdjustmentOnConvertibleNote_lbl0" xml:lang="en-US">Fair value gain/(loss) on convertible note</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueAdjustmentOnConvertibleNote" xlink:to="pbm_FairValueAdjustmentOnConvertibleNote_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValuegainlossOnWarrantLiability" xlink:href="pbm-20260331.xsd#pbm_FairValuegainlossOnWarrantLiability"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FairValuegainlossOnWarrantLiability_lbl" xml:lang="en-US">Fair value loss/(gain) on warrant liability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValuegainlossOnWarrantLiability" xlink:to="pbm_FairValuegainlossOnWarrantLiability_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbm_FairValuegainlossOnWarrantLiability_lbl0" xml:lang="en-US">Amount, Fair value gain (loss)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValuegainlossOnWarrantLiability" xlink:to="pbm_FairValuegainlossOnWarrantLiability_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValueAdjustmentsOnPromissoryNote" xlink:href="pbm-20260331.xsd#pbm_FairValueAdjustmentsOnPromissoryNote"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FairValueAdjustmentsOnPromissoryNote_lbl" xml:lang="en-US">Fair value (gain)/loss on promissory notes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueAdjustmentsOnPromissoryNote" xlink:to="pbm_FairValueAdjustmentsOnPromissoryNote_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValuesLossOnWarrantExchange" xlink:href="pbm-20260331.xsd#pbm_FairValuesLossOnWarrantExchange"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FairValuesLossOnWarrantExchange_lbl" xml:lang="en-US">Fair value loss on warrant exchange</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValuesLossOnWarrantExchange" xlink:to="pbm_FairValuesLossOnWarrantExchange_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForFairValueGainsLosses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForFairValueGainsLosses_lbl" xml:lang="en-US">Fair value loss on Digital Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForFairValueGainsLosses" xlink:to="ifrs-full_AdjustmentsForFairValueGainsLosses_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssueOfOrdinaryShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromIssueOfOrdinaryShares_lbl" xml:lang="en-US">Share of losses from Associate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:to="ifrs-full_ProceedsFromIssueOfOrdinaryShares_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromIssueOfOrdinaryShares_lbl0" xml:lang="en-US">Common shares valued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssueOfOrdinaryShares" xlink:to="ifrs-full_ProceedsFromIssueOfOrdinaryShares_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForSharebasedPayments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForSharebasedPayments_lbl" xml:lang="en-US">Share-based compensation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForSharebasedPayments" xlink:to="ifrs-full_AdjustmentsForSharebasedPayments_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ThirdPartyAdvisorsShareIssuance" xlink:href="pbm-20260331.xsd#pbm_ThirdPartyAdvisorsShareIssuance"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ThirdPartyAdvisorsShareIssuance_lbl" xml:lang="en-US">Third party advisors share issuance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ThirdPartyAdvisorsShareIssuance" xlink:to="pbm_ThirdPartyAdvisorsShareIssuance_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AdjustmentsForDepreciationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDepreciationExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDepreciationExpense_lbl" xml:lang="en-US">Depreciation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDepreciationExpense" xlink:to="ifrs-full_AdjustmentsForDepreciationExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains_lbl" xml:lang="en-US">Foreign exchange</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:to="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AdjustmentsForListingExpense" xlink:href="pbm-20260331.xsd#pbm_AdjustmentsForListingExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AdjustmentsForListingExpense_lbl" xml:lang="en-US">Listing expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AdjustmentsForListingExpense" xlink:to="pbm_AdjustmentsForListingExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AdjustmentsForTransactionExpenses" xlink:href="pbm-20260331.xsd#pbm_AdjustmentsForTransactionExpenses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AdjustmentsForTransactionExpenses_lbl" xml:lang="en-US">Transaction expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AdjustmentsForTransactionExpenses" xlink:to="pbm_AdjustmentsForTransactionExpenses_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:href="pbm-20260331.xsd#pbm_ChangesInOperatingAssetsAndLiabilitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ChangesInOperatingAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US">Changes in working capital:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:to="pbm_ChangesInOperatingAssetsAndLiabilitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherOperatingReceivables" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherOperatingReceivables"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherOperatingReceivables_lbl" xml:lang="en-US">Other receivables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherOperatingReceivables" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherOperatingReceivables_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToBanks" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToBanks"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToBanks_lbl" xml:lang="en-US">Loan receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToBanks" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToBanks_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInPrepaidExpenses" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInPrepaidExpenses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInPrepaidExpenses_lbl" xml:lang="en-US">Prepaids</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInPrepaidExpenses" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInPrepaidExpenses_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AdjustmentsForIncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:href="pbm-20260331.xsd#pbm_AdjustmentsForIncreaseDecreaseInAccountsPayableAndAccruedLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AdjustmentsForIncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl" xml:lang="en-US">Accounts payable and accrued liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AdjustmentsForIncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:to="pbm_AdjustmentsForIncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_UnlabeledAbstract" xlink:href="pbm-20260331.xsd#pbm_UnlabeledAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_UnlabeledAbstract_lbl" xml:lang="en-US"></label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_UnlabeledAbstract" xlink:to="pbm_UnlabeledAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents_lbl" xml:lang="en-US">Increase in restricted cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents" xlink:to="ifrs-full_CashFlowsFromUsedInDecreaseIncreaseInRestrictedCashAndCashEquivalents_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_UnlabeledAbstract0" xlink:href="pbm-20260331.xsd#pbm_UnlabeledAbstract0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_UnlabeledAbstract0_lbl" xml:lang="en-US"></label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_UnlabeledAbstract0" xlink:to="pbm_UnlabeledAbstract0_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ProceedsFromContributionsOfParent" xlink:href="pbm-20260331.xsd#pbm_ProceedsFromContributionsOfParent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ProceedsFromContributionsOfParent_lbl" xml:lang="en-US">Proceeds received from convertible note</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ProceedsFromContributionsOfParent" xlink:to="pbm_ProceedsFromContributionsOfParent_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NetProceedsReceivedFromELOC" xlink:href="pbm-20260331.xsd#pbm_NetProceedsReceivedFromELOC"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NetProceedsReceivedFromELOC_lbl" xml:lang="en-US">Net proceeds received from ELOC</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NetProceedsReceivedFromELOC" xlink:to="pbm_NetProceedsReceivedFromELOC_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ProceedsFromIssuingShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssuingShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromIssuingShares_lbl" xml:lang="en-US">Net proceeds received for unit issuances</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssuingShares" xlink:to="ifrs-full_ProceedsFromIssuingShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_UnlabeledAbstract1" xlink:href="pbm-20260331.xsd#pbm_UnlabeledAbstract1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_UnlabeledAbstract1_lbl" xml:lang="en-US"></label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_UnlabeledAbstract1" xlink:to="pbm_UnlabeledAbstract1_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OtherExpenseByFunction" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherExpenseByFunction"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_OtherExpenseByFunction_lbl" xml:lang="en-US">Other expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherExpenseByFunction" xlink:to="ifrs-full_OtherExpenseByFunction_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DepreciationExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DepreciationExpense_lbl" xml:lang="en-US">Depreciation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationExpense" xlink:to="ifrs-full_DepreciationExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_InterestExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US">Interest expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpense" xlink:to="ifrs-full_InterestExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ListingExpense" xlink:href="pbm-20260331.xsd#pbm_ListingExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbm_ListingExpense_lbl" xml:lang="en-US">Listing expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ListingExpense" xlink:to="pbm_ListingExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_TransactionExpense" xlink:href="pbm-20260331.xsd#pbm_TransactionExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbm_TransactionExpense_lbl" xml:lang="en-US">Transaction expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TransactionExpense" xlink:to="pbm_TransactionExpense_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_TransactionExpense_lbl0" xml:lang="en-US">Transaction expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TransactionExpense" xlink:to="pbm_TransactionExpense_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_GainOnDebtSettlements" xlink:href="pbm-20260331.xsd#pbm_GainOnDebtSettlements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbm_GainOnDebtSettlements_lbl" xml:lang="en-US">Gain on debt settlement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_GainOnDebtSettlements" xlink:to="pbm_GainOnDebtSettlements_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_IfrsFairValueAdjustmentOfWarrants" xlink:href="pbm-20260331.xsd#pbm_IfrsFairValueAdjustmentOfWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbm_IfrsFairValueAdjustmentOfWarrants_lbl" xml:lang="en-US">Fair value gain/(loss) on warrant liability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IfrsFairValueAdjustmentOfWarrants" xlink:to="pbm_IfrsFairValueAdjustmentOfWarrants_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValueAdjustmentOnPromissoryNote" xlink:href="pbm-20260331.xsd#pbm_FairValueAdjustmentOnPromissoryNote"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbm_FairValueAdjustmentOnPromissoryNote_lbl" xml:lang="en-US">Fair value gain/(loss) on promissory notes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueAdjustmentOnPromissoryNote" xlink:to="pbm_FairValueAdjustmentOnPromissoryNote_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FairValueAdjustmentOnPromissoryNote_lbl0" xml:lang="en-US">Fair value gain</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueAdjustmentOnPromissoryNote" xlink:to="pbm_FairValueAdjustmentOnPromissoryNote_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValueLossOnWarrantExchange" xlink:href="pbm-20260331.xsd#pbm_FairValueLossOnWarrantExchange"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbm_FairValueLossOnWarrantExchange_lbl" xml:lang="en-US">Fair value loss on warrant exchange</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueLossOnWarrantExchange" xlink:to="pbm_FairValueLossOnWarrantExchange_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FairValueLossOnWarrantExchange_lbl0" xml:lang="en-US">Fair value (loss)/gain on warrant liability (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueLossOnWarrantExchange" xlink:to="pbm_FairValueLossOnWarrantExchange_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValueLossOnDigitalAssets" xlink:href="pbm-20260331.xsd#pbm_FairValueLossOnDigitalAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbm_FairValueLossOnDigitalAssets_lbl" xml:lang="en-US">Fair value loss on digital assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueLossOnDigitalAssets" xlink:to="pbm_FairValueLossOnDigitalAssets_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValueGainOnPsyenceLabsLtd" xlink:href="pbm-20260331.xsd#pbm_FairValueGainOnPsyenceLabsLtd"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbm_FairValueGainOnPsyenceLabsLtd_lbl" xml:lang="en-US">Fair value gain on Psyence Labs Ltd</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueGainOnPsyenceLabsLtd" xlink:to="pbm_FairValueGainOnPsyenceLabsLtd_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_GainOnDebtSettlement" xlink:href="pbm-20260331.xsd#pbm_GainOnDebtSettlement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbm_GainOnDebtSettlement_lbl" xml:lang="en-US">Gain on debt settlement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_GainOnDebtSettlement" xlink:to="pbm_GainOnDebtSettlement_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Additions to equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnDisposalsOfInvestments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_GainsLossesOnDisposalsOfInvestments_lbl" xml:lang="en-US">Investment in Digital Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:to="ifrs-full_GainsLossesOnDisposalsOfInvestments_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Investment in Psyence Labs Ltd</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod" xlink:to="ifrs-full_PurchaseOfInterestsInInvestmentsAccountedForUsingEquityMethod_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RepaymentsOfBondsNotesAndDebentures"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl" xml:lang="en-US">Payment of promissory note</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:to="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl"/>
    <loc xlink:type="locator" xlink:label="dei_BusinessContactMember" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_BusinessContactMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_BusinessContactMember_lbl" xml:lang="en-US">Business Contact</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_BusinessContactMember" xlink:to="dei_BusinessContactMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_CommonSharesWithoutParValueMember" xlink:href="pbm-20260331.xsd#pbm_CommonSharesWithoutParValueMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_CommonSharesWithoutParValueMember_lbl" xml:lang="en-US">Common shares, without par value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CommonSharesWithoutParValueMember" xlink:to="pbm_CommonSharesWithoutParValueMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantsEachExercisableToPurchaseOneCommonShareAtAnExercisePriceOf4296328PerShareMember" xlink:href="pbm-20260331.xsd#pbm_WarrantsEachExercisableToPurchaseOneCommonShareAtAnExercisePriceOf4296328PerShareMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WarrantsEachExercisableToPurchaseOneCommonShareAtAnExercisePriceOf4296328PerShareMember_lbl" xml:lang="en-US">Warrants, each exercisable to purchase one Common Share at an exercise price of $42,963.28 per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsEachExercisableToPurchaseOneCommonShareAtAnExercisePriceOf4296328PerShareMember" xlink:to="pbm_WarrantsEachExercisableToPurchaseOneCommonShareAtAnExercisePriceOf4296328PerShareMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OrdinarySharesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OrdinarySharesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OrdinarySharesMember_lbl" xml:lang="en-US">Number of shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OrdinarySharesMember" xlink:to="ifrs-full_OrdinarySharesMember_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OrdinarySharesMember_lbl0" xml:lang="en-US">Common Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OrdinarySharesMember" xlink:to="ifrs-full_OrdinarySharesMember_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_IssuedCapitalMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapitalMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssuedCapitalMember_lbl" xml:lang="en-US">Share capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapitalMember" xlink:to="ifrs-full_IssuedCapitalMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantsReserveMember" xlink:href="pbm-20260331.xsd#pbm_WarrantsReserveMember"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_OptionsReserveMember_lbl" xml:lang="en-US">Options Reserve</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary_lbl" xml:lang="en-US">Place of incorporation</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary"/>
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    <loc xlink:type="locator" xlink:label="pbm_AccountingMethodOfSubsidiary" xlink:href="pbm-20260331.xsd#pbm_AccountingMethodOfSubsidiary"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AccountingMethodOfSubsidiary_lbl" xml:lang="en-US">Accounting method</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfMaterialAccountingPolicyInformationExplanatory_lbl" xml:lang="en-US">Material accounting policies</label>
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    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfClassificationAndMeasurementsOfFinancialAssetsAndLiabilitiesTextBlock" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfClassificationAndMeasurementsOfFinancialAssetsAndLiabilitiesTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ScheduleOfClassificationAndMeasurementsOfFinancialAssetsAndLiabilitiesTextBlock_lbl" xml:lang="en-US">Schedule of Classification and Measurements of Financial Assets and Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfClassificationAndMeasurementsOfFinancialAssetsAndLiabilitiesTextBlock" xlink:to="pbm_ScheduleOfClassificationAndMeasurementsOfFinancialAssetsAndLiabilitiesTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ClassificationOfFinancialAssetsAndLiabilities" xlink:href="pbm-20260331.xsd#pbm_ClassificationOfFinancialAssetsAndLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ClassificationOfFinancialAssetsAndLiabilities_lbl" xml:lang="en-US">Classification</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ClassificationOfFinancialAssetsAndLiabilities" xlink:to="pbm_ClassificationOfFinancialAssetsAndLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_MeasurementsOfFinancialAssetsAndLiabilities" xlink:href="pbm-20260331.xsd#pbm_MeasurementsOfFinancialAssetsAndLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_MeasurementsOfFinancialAssetsAndLiabilities_lbl" xml:lang="en-US">Measurement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_MeasurementsOfFinancialAssetsAndLiabilities" xlink:to="pbm_MeasurementsOfFinancialAssetsAndLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfNatureAndAmountOfChangeInAccountingEstimate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfNatureAndAmountOfChangeInAccountingEstimate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfNatureAndAmountOfChangeInAccountingEstimate_lbl" xml:lang="en-US">&#8203;Schedule of Change in Presentation Currency</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfNatureAndAmountOfChangeInAccountingEstimate" xlink:to="ifrs-full_DescriptionOfNatureAndAmountOfChangeInAccountingEstimate_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xml:lang="en-US">Net equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="ifrs-full_EquityAttributableToOwnersOfParent_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory_lbl" xml:lang="en-US">Critical accounting estimates and judgements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory" xlink:to="ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ReverseTakeoverTransactionWithNcacTextBlock" xlink:href="pbm-20260331.xsd#pbm_ReverseTakeoverTransactionWithNcacTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ReverseTakeoverTransactionWithNcacTextBlock_lbl" xml:lang="en-US">Reverse takeover transaction with NCAC</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ReverseTakeoverTransactionWithNcacTextBlock" xlink:to="pbm_ReverseTakeoverTransactionWithNcacTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfListingExpensesTableTextBlock" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfListingExpensesTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ScheduleOfListingExpensesTableTextBlock_lbl" xml:lang="en-US">Schedule of Listing Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfListingExpensesTableTextBlock" xlink:to="pbm_ScheduleOfListingExpensesTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ConsiderationPaidAbstract" xlink:href="pbm-20260331.xsd#pbm_ConsiderationPaidAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ConsiderationPaidAbstract_lbl" xml:lang="en-US">Consideration paid:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ConsiderationPaidAbstract" xlink:to="pbm_ConsiderationPaidAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuedForReverseTakeoverTransaction" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuedForReverseTakeoverTransaction"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuedForReverseTakeoverTransaction_lbl" xml:lang="en-US">Shares issued to NCAC shareholders (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuedForReverseTakeoverTransaction" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuedForReverseTakeoverTransaction_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ParValuePerShare" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ParValuePerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en-US">Fair value of the common shares (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ParValuePerShare" xlink:to="ifrs-full_ParValuePerShare_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ParValuePerShare_lbl0" xml:lang="en-US">Price per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ParValuePerShare" xlink:to="ifrs-full_ParValuePerShare_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="ifrs-full_ParValuePerShare_lbl1" xml:lang="en-US">Price per share (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ParValuePerShare" xlink:to="ifrs-full_ParValuePerShare_lbl1"/>
    <loc xlink:type="locator" xlink:label="pbm_UnlabeledAbstract2" xlink:href="pbm-20260331.xsd#pbm_UnlabeledAbstract2"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_UnlabeledAbstract2" xlink:to="pbm_UnlabeledAbstract2_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NetIdentifiableLiabilitiesAcquiredAbstract" xlink:href="pbm-20260331.xsd#pbm_NetIdentifiableLiabilitiesAcquiredAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NetIdentifiableLiabilitiesAcquiredAbstract_lbl" xml:lang="en-US">Net identifiable liabilities acquired:</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NetIdentifiableLiabilitiesAcquiredAbstract" xlink:to="pbm_NetIdentifiableLiabilitiesAcquiredAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_UnlabeledAbstract3" xlink:href="pbm-20260331.xsd#pbm_UnlabeledAbstract3"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_UnlabeledAbstract3" xlink:to="pbm_UnlabeledAbstract3_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfRestrictedCashAndCashEquivalentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfRestrictedCashAndCashEquivalentsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfRestrictedCashAndCashEquivalentsExplanatory_lbl" xml:lang="en-US">Cash, restricted cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRestrictedCashAndCashEquivalentsExplanatory" xlink:to="ifrs-full_DisclosureOfRestrictedCashAndCashEquivalentsExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_lbl" xml:lang="en-US">Schedule of Cash and Cash Equivalents</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_BalancesWithBanks" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BalancesWithBanks"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BalancesWithBanks_lbl" xml:lang="en-US">Unrestricted cash held with chartered banks</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BalancesWithBanks" xlink:to="ifrs-full_BalancesWithBanks_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfDigitalAssets" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfDigitalAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfDigitalAssets_lbl" xml:lang="en-US">Digital Assets</label>
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    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfDigitalAssetHoldingsExplanatoryTextBlock" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfDigitalAssetHoldingsExplanatoryTextBlock"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfDigitalAssetHoldingsExplanatoryTextBlock" xlink:to="pbm_DisclosureOfDigitalAssetHoldingsExplanatoryTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_QuantityOfDigitalAssets" xlink:href="pbm-20260331.xsd#pbm_QuantityOfDigitalAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_QuantityOfDigitalAssets_lbl" xml:lang="en-US">Quantity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_QuantityOfDigitalAssets" xlink:to="pbm_QuantityOfDigitalAssets_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValuePerUnitOfDigitalAsset" xlink:href="pbm-20260331.xsd#pbm_FairValuePerUnitOfDigitalAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FairValuePerUnitOfDigitalAsset_lbl" xml:lang="en-US">Fair Value per Unit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValuePerUnitOfDigitalAsset" xlink:to="pbm_FairValuePerUnitOfDigitalAsset_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValueOfDigitalAsset" xlink:href="pbm-20260331.xsd#pbm_FairValueOfDigitalAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FairValueOfDigitalAsset_lbl" xml:lang="en-US">Fair Value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueOfDigitalAsset" xlink:to="pbm_FairValueOfDigitalAsset_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_CostOfDigitalAsset" xlink:href="pbm-20260331.xsd#pbm_CostOfDigitalAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_CostOfDigitalAsset_lbl" xml:lang="en-US">Cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CostOfDigitalAsset" xlink:to="pbm_CostOfDigitalAsset_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_RevaluationDecreaseOfDigitalAsset" xlink:href="pbm-20260331.xsd#pbm_RevaluationDecreaseOfDigitalAsset"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_RevaluationDecreaseOfDigitalAsset_lbl" xml:lang="en-US">Revaluation Decrease</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_RevaluationDecreaseOfDigitalAsset" xlink:to="pbm_RevaluationDecreaseOfDigitalAsset_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_LoanReceivableTextBlock" xlink:href="pbm-20260331.xsd#pbm_LoanReceivableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_LoanReceivableTextBlock_lbl" xml:lang="en-US">Loan Receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_LoanReceivableTextBlock" xlink:to="pbm_LoanReceivableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfLoanProceeds" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfLoanProceeds"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfLoanProceeds_lbl" xml:lang="en-US">Schedule of Loan Proceeds</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfLoanProceeds" xlink:to="pbm_DisclosureOfLoanProceeds_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ShorttermBorrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShorttermBorrowings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShorttermBorrowings_lbl" xml:lang="en-US">Principal amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShorttermBorrowings" xlink:to="ifrs-full_ShorttermBorrowings_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_BorrowingsMaturity" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsMaturity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsMaturity_lbl" xml:lang="en-US">Maturity date (3 month term)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsMaturity" xlink:to="ifrs-full_BorrowingsMaturity_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_BorrowingsInterestRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsInterestRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsInterestRate_lbl" xml:lang="en-US">Interest rate (RBC Prime Rate + 1% per annum)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsInterestRate" xlink:to="ifrs-full_BorrowingsInterestRate_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BorrowingsInterestRate_lbl0" xml:lang="en-US">Interest rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsInterestRate" xlink:to="ifrs-full_BorrowingsInterestRate_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_LoanCarryingAmountAbstract" xlink:href="pbm-20260331.xsd#pbm_LoanCarryingAmountAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_LoanCarryingAmountAbstract_lbl" xml:lang="en-US">Loan Carrying Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_LoanCarryingAmountAbstract" xlink:to="pbm_LoanCarryingAmountAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_LoanPrincipals" xlink:href="pbm-20260331.xsd#pbm_LoanPrincipals"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_LoanPrincipals_lbl" xml:lang="en-US">Loan principal</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_LoanPrincipals" xlink:to="pbm_LoanPrincipals_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_InterestReceivable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestReceivable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestReceivable_lbl" xml:lang="en-US">Accrued interest receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestReceivable" xlink:to="ifrs-full_InterestReceivable_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory_lbl" xml:lang="en-US">Prepaid expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfPrepaymentsAndOtherAssetsExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfDetailedInformationAboutPrepaidExpensesExplanatoryTableTextBlock" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfDetailedInformationAboutPrepaidExpensesExplanatoryTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfDetailedInformationAboutPrepaidExpensesExplanatoryTableTextBlock_lbl" xml:lang="en-US">Schedule of Prepaid Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfDetailedInformationAboutPrepaidExpensesExplanatoryTableTextBlock" xlink:to="pbm_DisclosureOfDetailedInformationAboutPrepaidExpensesExplanatoryTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup_lbl" xml:lang="en-US">Funds held in trust with attorneys</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup" xlink:to="ifrs-full_CashAndCashEquivalentsHeldByEntityUnavailableForUseByGroup_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CurrentPrepayments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentPrepayments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentPrepayments_lbl" xml:lang="en-US">Prepaid expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentPrepayments" xlink:to="ifrs-full_CurrentPrepayments_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US">Equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:to="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US">Schedule of Equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_CostAbstract" xlink:href="pbm-20260331.xsd#pbm_CostAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_CostAbstract_lbl" xml:lang="en-US">Cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CostAbstract" xlink:to="pbm_CostAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Additions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_UnlabeledAbstract4" xlink:href="pbm-20260331.xsd#pbm_UnlabeledAbstract4"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_UnlabeledAbstract4_lbl" xml:lang="en-US"></label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_UnlabeledAbstract4" xlink:to="pbm_UnlabeledAbstract4_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AccumulatedDepreciationAbstract" xlink:href="pbm-20260331.xsd#pbm_AccumulatedDepreciationAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AccumulatedDepreciationAbstract_lbl" xml:lang="en-US">Accumulated Depreciation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AccumulatedDepreciationAbstract" xlink:to="pbm_AccumulatedDepreciationAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_CarryingValueAbstract" xlink:href="pbm-20260331.xsd#pbm_CarryingValueAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_CarryingValueAbstract_lbl" xml:lang="en-US">Carrying Value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CarryingValueAbstract" xlink:to="pbm_CarryingValueAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfPsyenceLabsLtdInvestmentAndInvestmentInAssociate" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfPsyenceLabsLtdInvestmentAndInvestmentInAssociate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfPsyenceLabsLtdInvestmentAndInvestmentInAssociate_lbl" xml:lang="en-US">Psyence Labs Ltd. Investment and Investment in Associate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfPsyenceLabsLtdInvestmentAndInvestmentInAssociate" xlink:to="pbm_DisclosureOfPsyenceLabsLtdInvestmentAndInvestmentInAssociate_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfCarryingAmountOfInvestmentTableTextBlock" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfCarryingAmountOfInvestmentTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ScheduleOfCarryingAmountOfInvestmentTableTextBlock_lbl" xml:lang="en-US">Schedule of Carrying Amount of Investment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfCarryingAmountOfInvestmentTableTextBlock" xlink:to="pbm_ScheduleOfCarryingAmountOfInvestmentTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PreviouslyHeldInterestRemeasuredToFairValueAtAcquisitionDateShares" xlink:href="pbm-20260331.xsd#pbm_PreviouslyHeldInterestRemeasuredToFairValueAtAcquisitionDateShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PreviouslyHeldInterestRemeasuredToFairValueAtAcquisitionDateShares_lbl" xml:lang="en-US">Previously held interest &#8211; remeasured to fair value at Acquisition Date, Shares (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PreviouslyHeldInterestRemeasuredToFairValueAtAcquisitionDateShares" xlink:to="pbm_PreviouslyHeldInterestRemeasuredToFairValueAtAcquisitionDateShares_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate_lbl" xml:lang="en-US">Previously held interest &#8211; remeasured to fair value at Acquisition Date, Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate" xlink:to="ifrs-full_AcquisitiondateFairValueOfEquityInterestInAcquireeHeldByAcquirerImmediatelyBeforeAcquisitionDate_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ConsiderationTransferredForAdditionalSharesAcquiredShares" xlink:href="pbm-20260331.xsd#pbm_ConsiderationTransferredForAdditionalSharesAcquiredShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ConsiderationTransferredForAdditionalSharesAcquiredShares_lbl" xml:lang="en-US">Consideration transferred for additional shares acquired, Shares (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ConsiderationTransferredForAdditionalSharesAcquiredShares" xlink:to="pbm_ConsiderationTransferredForAdditionalSharesAcquiredShares_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xml:lang="en-US">Consideration transferred for additional shares acquired, Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl0" xml:lang="en-US">Total consideration</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfOtherCurrentLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherCurrentLiabilitiesExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOtherCurrentLiabilitiesExplanatory_lbl" xml:lang="en-US">Accounts payable and accrued liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherCurrentLiabilitiesExplanatory" xlink:to="ifrs-full_DisclosureOfOtherCurrentLiabilitiesExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfAccountsPayableAndAccruedLiabilitiesExplanatoryTableTextBlock" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfAccountsPayableAndAccruedLiabilitiesExplanatoryTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfAccountsPayableAndAccruedLiabilitiesExplanatoryTableTextBlock_lbl" xml:lang="en-US">&#8203;Schedule of Accounts Payable and Accrued Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfAccountsPayableAndAccruedLiabilitiesExplanatoryTableTextBlock" xlink:to="pbm_DisclosureOfAccountsPayableAndAccruedLiabilitiesExplanatoryTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherPayablesToTradeSuppliers"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradeAndOtherPayablesToTradeSuppliers_lbl" xml:lang="en-US">Trade payables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:to="ifrs-full_TradeAndOtherPayablesToTradeSuppliers_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AccrualsClassifiedAsCurrent" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccrualsClassifiedAsCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccrualsClassifiedAsCurrent_lbl" xml:lang="en-US">Accrued liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccrualsClassifiedAsCurrent" xlink:to="ifrs-full_AccrualsClassifiedAsCurrent_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CurrentProvisions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentProvisions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentProvisions_lbl" xml:lang="en-US">Provisions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentProvisions" xlink:to="ifrs-full_CurrentProvisions_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory_lbl" xml:lang="en-US">Derivative warrant liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfPrivateWarrantExplanatory" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfPrivateWarrantExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfPrivateWarrantExplanatory_lbl" xml:lang="en-US">Schedule of Private Warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfPrivateWarrantExplanatory" xlink:to="pbm_DisclosureOfPrivateWarrantExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_SignificantUnobservableInputLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantUnobservableInputLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SignificantUnobservableInputLiabilities_lbl" xml:lang="en-US">Warrants, measurement input</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantUnobservableInputLiabilities" xlink:to="ifrs-full_SignificantUnobservableInputLiabilities_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_SignificantUnobservableInputLiabilities_lbl0" xml:lang="en-US">Measured the fair value inputs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantUnobservableInputLiabilities" xlink:to="ifrs-full_SignificantUnobservableInputLiabilities_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantExpiryDate" xlink:href="pbm-20260331.xsd#pbm_WarrantExpiryDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WarrantExpiryDate_lbl" xml:lang="en-US">Warrant, expiry date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantExpiryDate" xlink:to="pbm_WarrantExpiryDate_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory_lbl" xml:lang="en-US">Schedule of Derivative Warrant Liability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory" xlink:to="ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfSharesInFairValueGainloss" xlink:href="pbm-20260331.xsd#pbm_NumberOfSharesInFairValueGainloss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfSharesInFairValueGainloss_lbl" xml:lang="en-US">Number of shares, Fair value gain (loss)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesInFairValueGainloss" xlink:to="pbm_NumberOfSharesInFairValueGainloss_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchanges" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchanges"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchanges_lbl" xml:lang="en-US">Number of shares, Warrant exchange</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchanges" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchanges_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantExchange" xlink:href="pbm-20260331.xsd#pbm_WarrantExchange"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WarrantExchange_lbl" xml:lang="en-US">Amount, Warrant exchange</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantExchange" xlink:to="pbm_WarrantExchange_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfWarrantsExplanatoryTableTextBlock" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfWarrantsExplanatoryTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfWarrantsExplanatoryTableTextBlock_lbl" xml:lang="en-US">Schedule of Warrant Transactions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfWarrantsExplanatoryTableTextBlock" xlink:to="pbm_DisclosureOfWarrantsExplanatoryTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchange" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchange"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchange_lbl" xml:lang="en-US">Number of Warrants, Warrant exchange</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchange" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchange_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WeightedAverageExercisePriceWarrantExchange" xlink:href="pbm-20260331.xsd#pbm_WeightedAverageExercisePriceWarrantExchange"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WeightedAverageExercisePriceWarrantExchange_lbl" xml:lang="en-US">Weighted Average Exercise Price, Warrant exchange</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WeightedAverageExercisePriceWarrantExchange" xlink:to="pbm_WeightedAverageExercisePriceWarrantExchange_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfWarrantsOutstandingAndExercisableExplanatoryTableTextBlock" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfWarrantsOutstandingAndExercisableExplanatoryTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfWarrantsOutstandingAndExercisableExplanatoryTableTextBlock_lbl" xml:lang="en-US">Schedule of Warrants Outstanding and Exercisable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfWarrantsOutstandingAndExercisableExplanatoryTableTextBlock" xlink:to="pbm_DisclosureOfWarrantsOutstandingAndExercisableExplanatoryTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantsOrRightsExpirationDate" xlink:href="pbm-20260331.xsd#pbm_WarrantsOrRightsExpirationDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WarrantsOrRightsExpirationDate_lbl" xml:lang="en-US">Expiry Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsOrRightsExpirationDate" xlink:to="pbm_WarrantsOrRightsExpirationDate_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights" xlink:href="pbm-20260331.xsd#pbm_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights_lbl" xml:lang="en-US">Exercise Price (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights" xlink:to="pbm_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbm_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights_lbl0" xml:lang="en-US">Common shares estimated share price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights" xlink:to="pbm_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfWarrantsExercisable" xlink:href="pbm-20260331.xsd#pbm_NumberOfWarrantsExercisable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfWarrantsExercisable_lbl" xml:lang="en-US">Number of Warrants Exercisable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsExercisable" xlink:to="pbm_NumberOfWarrantsExercisable_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfIssuedCapitalExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIssuedCapitalExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfIssuedCapitalExplanatory_lbl" xml:lang="en-US">Share capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIssuedCapitalExplanatory" xlink:to="ifrs-full_DisclosureOfIssuedCapitalExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfIssuedAndOutstandingCommonSharesTableTextBlock" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfIssuedAndOutstandingCommonSharesTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ScheduleOfIssuedAndOutstandingCommonSharesTableTextBlock_lbl" xml:lang="en-US">Schedule of Issued and Outstanding Common Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfIssuedAndOutstandingCommonSharesTableTextBlock" xlink:to="pbm_ScheduleOfIssuedAndOutstandingCommonSharesTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesShareIssuanceToPGI" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesShareIssuanceToPGI"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesShareIssuanceToPGI_lbl" xml:lang="en-US">Number of Common shares, Share issuance to PGI</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesShareIssuanceToPGI" xlink:to="pbm_NumberOfCommonSharesShareIssuanceToPGI_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesShareIssuanceToPGI" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesShareIssuanceToPGI"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesShareIssuanceToPGI_lbl" xml:lang="en-US">Amount of Common shares, Share issuance to PGI (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesShareIssuanceToPGI" xlink:to="pbm_AmountOfCommonSharesShareIssuanceToPGI_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesShareIssuanceToNCACShareholders" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesShareIssuanceToNCACShareholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesShareIssuanceToNCACShareholders_lbl" xml:lang="en-US">Number of Common shares, Share issuance to NCAC shareholders</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesShareIssuanceToNCACShareholders" xlink:to="pbm_NumberOfCommonSharesShareIssuanceToNCACShareholders_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesShareIssuanceToNCACShareholders" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesShareIssuanceToNCACShareholders"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesShareIssuanceToNCACShareholders_lbl" xml:lang="en-US">Amount of Common shares, Share issuance to NCAC shareholders (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesShareIssuanceToNCACShareholders" xlink:to="pbm_AmountOfCommonSharesShareIssuanceToNCACShareholders_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesSharesIssuedForDebtSettlement" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesSharesIssuedForDebtSettlement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesSharesIssuedForDebtSettlement_lbl" xml:lang="en-US">Number of Common shares, Shares issued for debt settlement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedForDebtSettlement" xlink:to="pbm_NumberOfCommonSharesSharesIssuedForDebtSettlement_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForDebtSettlementinDollars" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesSharesIssuedForDebtSettlementinDollars"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForDebtSettlementinDollars_lbl" xml:lang="en-US">Amount of Common shares, Shares issued for debt settlement (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedForDebtSettlementinDollars" xlink:to="pbm_AmountOfCommonSharesSharesIssuedForDebtSettlementinDollars_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesSharesIssuedToThirdPartyAdvisors" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesSharesIssuedToThirdPartyAdvisors"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesSharesIssuedToThirdPartyAdvisors_lbl" xml:lang="en-US">Number of Common shares, Shares issued to third party advisors</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedToThirdPartyAdvisors" xlink:to="pbm_NumberOfCommonSharesSharesIssuedToThirdPartyAdvisors_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesSharesIssuedToThirdPartyAdvisors" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesSharesIssuedToThirdPartyAdvisors"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesSharesIssuedToThirdPartyAdvisors_lbl" xml:lang="en-US">Amount of Common shares, Shares issued to third party advisors (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedToThirdPartyAdvisors" xlink:to="pbm_AmountOfCommonSharesSharesIssuedToThirdPartyAdvisors_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNote" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNote"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNote_lbl" xml:lang="en-US">Number of Common shares, Shares issued on conversion of convertible note</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNote" xlink:to="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNote_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNote" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNote"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNote_lbl" xml:lang="en-US">Amount of Common shares, Shares issued on conversion of convertible note (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNote" xlink:to="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNote_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants_lbl" xml:lang="en-US">Number of Common shares, Shares issued on conversion of convertible note warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants" xlink:to="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants_lbl" xml:lang="en-US">Amount of Common shares, Shares issued on conversion of convertible note warrants (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants" xlink:to="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesSharesIssuedForELOC" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesSharesIssuedForELOC"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesSharesIssuedForELOC_lbl" xml:lang="en-US">Number of Common shares, Shares issued for ELOC</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedForELOC" xlink:to="pbm_NumberOfCommonSharesSharesIssuedForELOC_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForELOC" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesSharesIssuedForELOC"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForELOC_lbl" xml:lang="en-US">Amount of Common shares, Shares issued for ELOC (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedForELOC" xlink:to="pbm_AmountOfCommonSharesSharesIssuedForELOC_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesCommitmentSharesELOC" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesCommitmentSharesELOC"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesCommitmentSharesELOC_lbl" xml:lang="en-US">Number of Common shares, Commitment shares ELOC</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesCommitmentSharesELOC" xlink:to="pbm_NumberOfCommonSharesCommitmentSharesELOC_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesCommitmentSharesELOC" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesCommitmentSharesELOC"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesCommitmentSharesELOC_lbl" xml:lang="en-US">Amount of Common shares, Commitment shares ELOC (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesCommitmentSharesELOC" xlink:to="pbm_AmountOfCommonSharesCommitmentSharesELOC_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesShareIssuanceCostsForELOC" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesShareIssuanceCostsForELOC"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesShareIssuanceCostsForELOC_lbl" xml:lang="en-US">Number of Common shares, Share issuance costs for ELOC</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesShareIssuanceCostsForELOC" xlink:to="pbm_NumberOfCommonSharesShareIssuanceCostsForELOC_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesShareIssuanceCostsForELOC" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesShareIssuanceCostsForELOC"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesShareIssuanceCostsForELOC_lbl" xml:lang="en-US">Amount of Common shares, Share issuance costs for ELOC (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesShareIssuanceCostsForELOC" xlink:to="pbm_AmountOfCommonSharesShareIssuanceCostsForELOC_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesWarrantExchange" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesWarrantExchange"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesWarrantExchange_lbl" xml:lang="en-US">Number of Common shares, Warrant exchange</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesWarrantExchange" xlink:to="pbm_NumberOfCommonSharesWarrantExchange_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesWarrantExchange" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesWarrantExchange"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesWarrantExchange_lbl" xml:lang="en-US">Amount of Common shares, Warrant exchange (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesWarrantExchange" xlink:to="pbm_AmountOfCommonSharesWarrantExchange_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes_lbl" xml:lang="en-US">Number of Common shares, Shares issued on conversion of PGI promissory notes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes" xlink:to="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes_lbl" xml:lang="en-US">Amount of Common shares, Shares issued on conversion of PGI promissory notes (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes" xlink:to="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes_lbl" xml:lang="en-US">Number of Common shares, Shares issued on conversion of NCAC promissory notes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes" xlink:to="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes_lbl" xml:lang="en-US">Amount of Common shares, Shares issued on conversion of NCAC promissory notes (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes" xlink:to="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued_lbl" xml:lang="en-US">Number of Common shares, Shares issued for PsyLabs share exchange</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued" xlink:to="ifrs-full_IncreaseDecreaseInNumberOfOrdinarySharesIssued_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForPsyLabsShareExchange" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesSharesIssuedForPsyLabsShareExchange"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForPsyLabsShareExchange_lbl" xml:lang="en-US">Amount of Common shares, Shares issued for PsyLabs share exchange (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedForPsyLabsShareExchange" xlink:to="pbm_AmountOfCommonSharesSharesIssuedForPsyLabsShareExchange_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesSharesIssuedForPIPEFinancing" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesSharesIssuedForPIPEFinancing"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesSharesIssuedForPIPEFinancing_lbl" xml:lang="en-US">Number of Common shares, Shares issued for PIPE financing</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedForPIPEFinancing" xlink:to="pbm_NumberOfCommonSharesSharesIssuedForPIPEFinancing_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForPIPEFinancing" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesSharesIssuedForPIPEFinancing"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForPIPEFinancing_lbl" xml:lang="en-US">Amount of Common shares, Shares issued for PIPE financing (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedForPIPEFinancing" xlink:to="pbm_AmountOfCommonSharesSharesIssuedForPIPEFinancing_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesShareIssuanceCostsForPIPEFinancing" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesShareIssuanceCostsForPIPEFinancing"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesShareIssuanceCostsForPIPEFinancing_lbl" xml:lang="en-US">Number of Common shares, Share issuance costs for PIPE financing</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesShareIssuanceCostsForPIPEFinancing" xlink:to="pbm_NumberOfCommonSharesShareIssuanceCostsForPIPEFinancing_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesShareIssuanceCostsForPIPEFinancing" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesShareIssuanceCostsForPIPEFinancing"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesShareIssuanceCostsForPIPEFinancing_lbl" xml:lang="en-US">Amount of Common shares, Share issuance costs for PIPE financing (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesShareIssuanceCostsForPIPEFinancing" xlink:to="pbm_AmountOfCommonSharesShareIssuanceCostsForPIPEFinancing_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised_lbl" xml:lang="en-US">Number of Common shares, Shares issued for PIPE pre-funded warrants exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised" xlink:to="pbm_NumberOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised_lbl" xml:lang="en-US">Amount of Common shares, Shares issued for PIPE pre-funded warrants exercised (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised" xlink:to="pbm_AmountOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl" xml:lang="en-US">Number of Common shares, Shares issuance costs for PIPE pre-funded warrants exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised" xlink:to="pbm_NumberOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl" xml:lang="en-US">Amount of Common shares, Shares issuance costs for PIPE pre-funded warrants exercised (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised" xlink:to="pbm_AmountOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesShareIssuanceForAssociate" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesShareIssuanceForAssociate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesShareIssuanceForAssociate_lbl" xml:lang="en-US">Number of Common shares, Share issuance for Associate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesShareIssuanceForAssociate" xlink:to="pbm_NumberOfCommonSharesShareIssuanceForAssociate_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesShareIssuanceForAssociate" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesShareIssuanceForAssociate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesShareIssuanceForAssociate_lbl" xml:lang="en-US">Amount of Common shares, Share issuance for Associate (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesShareIssuanceForAssociate" xlink:to="pbm_AmountOfCommonSharesShareIssuanceForAssociate_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfCommonSharesExerciseOfRSUs" xlink:href="pbm-20260331.xsd#pbm_NumberOfCommonSharesExerciseOfRSUs"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfCommonSharesExerciseOfRSUs_lbl" xml:lang="en-US">Number of Common shares, Exercise of RSUs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesExerciseOfRSUs" xlink:to="pbm_NumberOfCommonSharesExerciseOfRSUs_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfCommonSharesExerciseOfRSUs" xlink:href="pbm-20260331.xsd#pbm_AmountOfCommonSharesExerciseOfRSUs"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfCommonSharesExerciseOfRSUs_lbl" xml:lang="en-US">Amount of Common shares, Exercise of RSUs (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesExerciseOfRSUs" xlink:to="pbm_AmountOfCommonSharesExerciseOfRSUs_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfIssuedAndOutstandingWarrantsTableTextBlock" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfIssuedAndOutstandingWarrantsTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ScheduleOfIssuedAndOutstandingWarrantsTableTextBlock_lbl" xml:lang="en-US">Schedule of Issued and Outstanding Warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfIssuedAndOutstandingWarrantsTableTextBlock" xlink:to="pbm_ScheduleOfIssuedAndOutstandingWarrantsTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteAddendum" xlink:href="pbm-20260331.xsd#pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteAddendum"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteAddendum_lbl" xml:lang="en-US">Number of Warrants, Warrants issued for convertible note Addendum</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteAddendum" xlink:to="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteAddendum_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfWarrantsIssuedForConvertibleNoteAddendum" xlink:href="pbm-20260331.xsd#pbm_AmountOfWarrantsIssuedForConvertibleNoteAddendum"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfWarrantsIssuedForConvertibleNoteAddendum_lbl" xml:lang="en-US">Amount of Warrants, Warrants issued for convertible note Addendum (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfWarrantsIssuedForConvertibleNoteAddendum" xlink:to="pbm_AmountOfWarrantsIssuedForConvertibleNoteAddendum_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteTerminationAgreement" xlink:href="pbm-20260331.xsd#pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteTerminationAgreement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteTerminationAgreement_lbl" xml:lang="en-US">Number of Warrants, Warrants issued for convertible note Termination Agreement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteTerminationAgreement" xlink:to="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteTerminationAgreement_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantsIssuedForConvertibleNoteTerminationAgreement" xlink:href="pbm-20260331.xsd#pbm_WarrantsIssuedForConvertibleNoteTerminationAgreement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WarrantsIssuedForConvertibleNoteTerminationAgreement_lbl" xml:lang="en-US">Amount of Warrants, Warrants issued for convertible note Termination Agreement (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsIssuedForConvertibleNoteTerminationAgreement" xlink:to="pbm_WarrantsIssuedForConvertibleNoteTerminationAgreement_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfSharesConvertibleNoteTerminationAgreementWarrantsExercised" xlink:href="pbm-20260331.xsd#pbm_NumberOfSharesConvertibleNoteTerminationAgreementWarrantsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfSharesConvertibleNoteTerminationAgreementWarrantsExercised_lbl" xml:lang="en-US">Number of Warrants, Convertible note Termination Agreement warrants exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesConvertibleNoteTerminationAgreementWarrantsExercised" xlink:to="pbm_NumberOfSharesConvertibleNoteTerminationAgreementWarrantsExercised_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfConvertibleNoteTerminationAgreementWarrantsExercised" xlink:href="pbm-20260331.xsd#pbm_AmountOfConvertibleNoteTerminationAgreementWarrantsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfConvertibleNoteTerminationAgreementWarrantsExercised_lbl" xml:lang="en-US">Amount of Warrants, Convertible note Termination Agreement warrants exercised (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfConvertibleNoteTerminationAgreementWarrantsExercised" xlink:to="pbm_AmountOfConvertibleNoteTerminationAgreementWarrantsExercised_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfSharesPIPEFinancingWarrantIssuance" xlink:href="pbm-20260331.xsd#pbm_NumberOfSharesPIPEFinancingWarrantIssuance"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfSharesPIPEFinancingWarrantIssuance_lbl" xml:lang="en-US">Number of Warrants, PIPE financing warrant issuance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesPIPEFinancingWarrantIssuance" xlink:to="pbm_NumberOfSharesPIPEFinancingWarrantIssuance_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfPIPEFinancingWarrantIssuance" xlink:href="pbm-20260331.xsd#pbm_AmountOfPIPEFinancingWarrantIssuance"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfPIPEFinancingWarrantIssuance_lbl" xml:lang="en-US">Amount of Warrants, PIPE financing warrant issuance (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfPIPEFinancingWarrantIssuance" xlink:to="pbm_AmountOfPIPEFinancingWarrantIssuance_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfSharesPIPEFinancingWarrantIssuanceCosts" xlink:href="pbm-20260331.xsd#pbm_NumberOfSharesPIPEFinancingWarrantIssuanceCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfSharesPIPEFinancingWarrantIssuanceCosts_lbl" xml:lang="en-US">Number of Warrants, PIPE financing warrant issuance costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesPIPEFinancingWarrantIssuanceCosts" xlink:to="pbm_NumberOfSharesPIPEFinancingWarrantIssuanceCosts_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfPIPEFinancingWarrantIssuanceCosts" xlink:href="pbm-20260331.xsd#pbm_AmountOfPIPEFinancingWarrantIssuanceCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfPIPEFinancingWarrantIssuanceCosts_lbl" xml:lang="en-US">Amount of Warrants, PIPE financing warrant issuance costs (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfPIPEFinancingWarrantIssuanceCosts" xlink:to="pbm_AmountOfPIPEFinancingWarrantIssuanceCosts_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfSharesIssuanceCostsForPIPEFinancingWarrants" xlink:href="pbm-20260331.xsd#pbm_NumberOfSharesIssuanceCostsForPIPEFinancingWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfSharesIssuanceCostsForPIPEFinancingWarrants_lbl" xml:lang="en-US">Number of Warrants, Issuance costs for PIPE financing warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesIssuanceCostsForPIPEFinancingWarrants" xlink:to="pbm_NumberOfSharesIssuanceCostsForPIPEFinancingWarrants_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfIssuanceCostsForPIPEFinancingWarrants" xlink:href="pbm-20260331.xsd#pbm_AmountOfIssuanceCostsForPIPEFinancingWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfIssuanceCostsForPIPEFinancingWarrants_lbl" xml:lang="en-US">Amount of Warrants, Issuance costs for PIPE financing warrants (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfIssuanceCostsForPIPEFinancingWarrants" xlink:to="pbm_AmountOfIssuanceCostsForPIPEFinancingWarrants_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfSharesPIPEPrefundedWarrantsExercised" xlink:href="pbm-20260331.xsd#pbm_NumberOfSharesPIPEPrefundedWarrantsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfSharesPIPEPrefundedWarrantsExercised_lbl" xml:lang="en-US">Number of Warrants, PIPE pre-funded warrants exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesPIPEPrefundedWarrantsExercised" xlink:to="pbm_NumberOfSharesPIPEPrefundedWarrantsExercised_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfPIPEPrefundedWarrantsExercised" xlink:href="pbm-20260331.xsd#pbm_AmountOfPIPEPrefundedWarrantsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfPIPEPrefundedWarrantsExercised_lbl" xml:lang="en-US">Amount of Warrants, PIPE pre-funded warrants exercised (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfPIPEPrefundedWarrantsExercised" xlink:to="pbm_AmountOfPIPEPrefundedWarrantsExercised_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfSharesIssuanceCostsForPIPEPrefundedWarrantsExercised" xlink:href="pbm-20260331.xsd#pbm_NumberOfSharesIssuanceCostsForPIPEPrefundedWarrantsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfSharesIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl" xml:lang="en-US">Number of Warrants, Issuance costs for PIPE pre-funded warrants exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesIssuanceCostsForPIPEPrefundedWarrantsExercised" xlink:to="pbm_NumberOfSharesIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AmountOfIssuanceCostsForPIPEPrefundedWarrantsExercised" xlink:href="pbm-20260331.xsd#pbm_AmountOfIssuanceCostsForPIPEPrefundedWarrantsExercised"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AmountOfIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl" xml:lang="en-US">Amount of Warrants, Issuance costs for PIPE pre-funded warrants exercised (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfIssuanceCostsForPIPEPrefundedWarrantsExercised" xlink:to="pbm_AmountOfIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfWarrantsWereOutstandingAndExercisableTableTextBlock" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfWarrantsWereOutstandingAndExercisableTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ScheduleOfWarrantsWereOutstandingAndExercisableTableTextBlock_lbl" xml:lang="en-US">Schedule of Warrants were Outstanding and Exercisable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfWarrantsWereOutstandingAndExercisableTableTextBlock" xlink:to="pbm_ScheduleOfWarrantsWereOutstandingAndExercisableTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantsExpiryDate" xlink:href="pbm-20260331.xsd#pbm_WarrantsExpiryDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WarrantsExpiryDate_lbl" xml:lang="en-US">Expiry Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsExpiryDate" xlink:to="pbm_WarrantsExpiryDate_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantsExercisePrice" xlink:href="pbm-20260331.xsd#pbm_WarrantsExercisePrice"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WarrantsExercisePrice_lbl" xml:lang="en-US">Exercise Price (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsExercisePrice" xlink:to="pbm_WarrantsExercisePrice_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfWarrantOutstanding" xlink:href="pbm-20260331.xsd#pbm_NumberOfWarrantOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfWarrantOutstanding_lbl" xml:lang="en-US">Number of Warrants Outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantOutstanding" xlink:to="pbm_NumberOfWarrantOutstanding_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbm_NumberOfWarrantOutstanding_lbl0" xml:lang="en-US">Warrants outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantOutstanding" xlink:to="pbm_NumberOfWarrantOutstanding_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfWarrantExercisable" xlink:href="pbm-20260331.xsd#pbm_NumberOfWarrantExercisable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfWarrantExercisable_lbl" xml:lang="en-US">Number of Warrants Exercisable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantExercisable" xlink:to="pbm_NumberOfWarrantExercisable_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfRestrictedStockUnitsRSUsTableTableTextBlock" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfRestrictedStockUnitsRSUsTableTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ScheduleOfRestrictedStockUnitsRSUsTableTableTextBlock_lbl" xml:lang="en-US">Schedule of Restricted Stock Units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfRestrictedStockUnitsRSUsTableTableTextBlock" xlink:to="pbm_ScheduleOfRestrictedStockUnitsRSUsTableTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl" xml:lang="en-US">Issued during the year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsGrantedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory_lbl" xml:lang="en-US">Other income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory" xlink:to="ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory_lbl" xml:lang="en-US">Other expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory" xlink:to="ifrs-full_DisclosureOfOtherOperatingExpenseExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfConvertibleNoteLiabilityTextBlock" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfConvertibleNoteLiabilityTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfConvertibleNoteLiabilityTextBlock_lbl" xml:lang="en-US">Convertible note liability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfConvertibleNoteLiabilityTextBlock" xlink:to="pbm_DisclosureOfConvertibleNoteLiabilityTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesExplanatory_lbl" xml:lang="en-US">Schedule of Using the Black-Scholes Pricing Model</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesExplanatory" xlink:to="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_SignificantUnobservableInputEntitysOwnEquityInstrument" xlink:href="pbm-20260331.xsd#pbm_SignificantUnobservableInputEntitysOwnEquityInstrument"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_SignificantUnobservableInputEntitysOwnEquityInstrument_lbl" xml:lang="en-US">Warrants, measurement input</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_SignificantUnobservableInputEntitysOwnEquityInstrument" xlink:to="pbm_SignificantUnobservableInputEntitysOwnEquityInstrument_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbm_SignificantUnobservableInputEntitysOwnEquityInstrument_lbl0" xml:lang="en-US">Fair value of pre-funded warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_SignificantUnobservableInputEntitysOwnEquityInstrument" xlink:to="pbm_SignificantUnobservableInputEntitysOwnEquityInstrument_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_PromissoryNotesTextBlock" xlink:href="pbm-20260331.xsd#pbm_PromissoryNotesTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PromissoryNotesTextBlock_lbl" xml:lang="en-US">Promissory Notes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PromissoryNotesTextBlock" xlink:to="pbm_PromissoryNotesTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_EquityLineOfCreditDisclosureTextBlock" xlink:href="pbm-20260331.xsd#pbm_EquityLineOfCreditDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_EquityLineOfCreditDisclosureTextBlock_lbl" xml:lang="en-US">ELOC</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_EquityLineOfCreditDisclosureTextBlock" xlink:to="pbm_EquityLineOfCreditDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfPrivatePlacementAndWarrantsExplanatory" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfPrivatePlacementAndWarrantsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfPrivatePlacementAndWarrantsExplanatory_lbl" xml:lang="en-US">PIPE Financing - Private Placement and Warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfPrivatePlacementAndWarrantsExplanatory" xlink:to="pbm_DisclosureOfPrivatePlacementAndWarrantsExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfCommonSharesWarrantsInputsUsedInFairValueMeasurementExplanatory" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfCommonSharesWarrantsInputsUsedInFairValueMeasurementExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfCommonSharesWarrantsInputsUsedInFairValueMeasurementExplanatory_lbl" xml:lang="en-US">Schedule of Fair Value Allocation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfCommonSharesWarrantsInputsUsedInFairValueMeasurementExplanatory" xlink:to="pbm_DisclosureOfCommonSharesWarrantsInputsUsedInFairValueMeasurementExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_IssuedCapitalOrdinaryShares" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapitalOrdinaryShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssuedCapitalOrdinaryShares_lbl" xml:lang="en-US">Common shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapitalOrdinaryShares" xlink:to="ifrs-full_IssuedCapitalOrdinaryShares_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IssuedCapitalOrdinaryShares_lbl0" xml:lang="en-US">Fair value of shares issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapitalOrdinaryShares" xlink:to="ifrs-full_IssuedCapitalOrdinaryShares_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_PrefundedWarrants" xlink:href="pbm-20260331.xsd#pbm_PrefundedWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PrefundedWarrants_lbl" xml:lang="en-US">Pre-funded warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PrefundedWarrants" xlink:to="pbm_PrefundedWarrants_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_WarrantLiability" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WarrantLiability"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WarrantLiability_lbl" xml:lang="en-US">Warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WarrantLiability" xlink:to="ifrs-full_WarrantLiability_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfPrefundedWarrantsUsedInFairValueMeasurementOfLiabilitiesExplanatory" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfPrefundedWarrantsUsedInFairValueMeasurementOfLiabilitiesExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfPrefundedWarrantsUsedInFairValueMeasurementOfLiabilitiesExplanatory_lbl" xml:lang="en-US">Schedule of Pre-funded Warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfPrefundedWarrantsUsedInFairValueMeasurementOfLiabilitiesExplanatory" xlink:to="pbm_DisclosureOfPrefundedWarrantsUsedInFairValueMeasurementOfLiabilitiesExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_SignificantUnobservableInputEntitysOwnEquityInstruments" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantUnobservableInputEntitysOwnEquityInstruments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SignificantUnobservableInputEntitysOwnEquityInstruments_lbl" xml:lang="en-US">Fair value of pre-funded warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantUnobservableInputEntitysOwnEquityInstruments" xlink:to="ifrs-full_SignificantUnobservableInputEntitysOwnEquityInstruments_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_CapitalManagementDisclosureTextBlock" xlink:href="pbm-20260331.xsd#pbm_CapitalManagementDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_CapitalManagementDisclosureTextBlock_lbl" xml:lang="en-US">Capital management</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CapitalManagementDisclosureTextBlock" xlink:to="pbm_CapitalManagementDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DisclosureOfTotalManagedCapitalTableTextBlock" xlink:href="pbm-20260331.xsd#pbm_DisclosureOfTotalManagedCapitalTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DisclosureOfTotalManagedCapitalTableTextBlock_lbl" xml:lang="en-US">Schedule of Total Managed Capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfTotalManagedCapitalTableTextBlock" xlink:to="pbm_DisclosureOfTotalManagedCapitalTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfRelatedPartyExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfRelatedPartyExplanatory_lbl" xml:lang="en-US">Transactions with related parties</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRelatedPartyExplanatory" xlink:to="ifrs-full_DisclosureOfRelatedPartyExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory_lbl" xml:lang="en-US">Schedule of Key Management Personnel</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory" xlink:to="ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_lbl" xml:lang="en-US">Short term benefits</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationSharebasedPayment_lbl" xml:lang="en-US">Share-based compensation</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DeferredTaxLiabilityAbstract" xlink:to="pbm_DeferredTaxLiabilityAbstract_lbl"/>
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    <loc xlink:type="locator" xlink:label="pbm_SummaryOfOperatingLossCarryForwardsTableTextBlock" xlink:href="pbm-20260331.xsd#pbm_SummaryOfOperatingLossCarryForwardsTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_SummaryOfOperatingLossCarryForwardsTableTextBlock_lbl" xml:lang="en-US">Schedule of Non-Capital Loss Carry Forwards</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfFinancialRiskManagementExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialRiskManagementExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialRiskManagementExplanatory_lbl" xml:lang="en-US">Financial instruments and financial risk management</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValue_lbl" xml:lang="en-US">Financial instruments at fair value assets</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" xml:lang="en-US">Financial instruments at fair value liabilities</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue_lbl0" xml:lang="en-US">Fair value of warrants (in Dollars)</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue_lbl1" xml:lang="en-US">Fair value</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilities_lbl" xml:lang="en-US">Carrying Amount</label>
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    <loc xlink:type="locator" xlink:label="pbm_FinancialLiabilitiesUndiscountedCashFlows" xlink:href="pbm-20260331.xsd#pbm_FinancialLiabilitiesUndiscountedCashFlows"/>
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    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory"/>
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    <loc xlink:type="locator" xlink:label="ifrs-full_TradeAndOtherCurrentPayables" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherCurrentPayables"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US">NCAC promissory note (Note 18)</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationPropertyPlantAndEquipment"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationPropertyPlantAndEquipment" xlink:to="ifrs-full_DepreciationPropertyPlantAndEquipment_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsExercisedInSharebasedPaymentArrangement"/>
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    <loc xlink:type="locator" xlink:label="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsForfeitedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ShareIssueCostsBookedToEquity" xlink:href="pbm-20260331.xsd#pbm_ShareIssueCostsBookedToEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="pbm_ShareIssueCostsBookedToEquity_lbl" xml:lang="en-US">Share issue costs booked to equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ShareIssueCostsBookedToEquity" xlink:to="pbm_ShareIssueCostsBookedToEquity_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DeferredTaxLiabilities" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US">Investment in Associate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxLiabilities" xlink:to="ifrs-full_DeferredTaxLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PsyenceAustraliaPtyLtdMember" xlink:href="pbm-20260331.xsd#pbm_PsyenceAustraliaPtyLtdMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PsyenceAustraliaPtyLtdMember_lbl" xml:lang="en-US">Psyence Australia Pty Ltd. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PsyenceAustraliaPtyLtdMember" xlink:to="pbm_PsyenceAustraliaPtyLtdMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PysenceBiomedIICorpMember" xlink:href="pbm-20260331.xsd#pbm_PysenceBiomedIICorpMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PysenceBiomedIICorpMember_lbl" xml:lang="en-US">Pysence Biomed II Corp. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PysenceBiomedIICorpMember" xlink:to="pbm_PysenceBiomedIICorpMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NewcourtAcquisitionCorpMember" xlink:href="pbm-20260331.xsd#pbm_NewcourtAcquisitionCorpMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NewcourtAcquisitionCorpMember_lbl" xml:lang="en-US">Newcourt Acquisition Corp. [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NewcourtAcquisitionCorpMember" xlink:to="pbm_NewcourtAcquisitionCorpMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_CashAndCashEquivalentMember" xlink:href="pbm-20260331.xsd#pbm_CashAndCashEquivalentMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_CashAndCashEquivalentMember_lbl" xml:lang="en-US">Cash and cash equivalents [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CashAndCashEquivalentMember" xlink:to="pbm_CashAndCashEquivalentMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_RestrictedCashMember" xlink:href="pbm-20260331.xsd#pbm_RestrictedCashMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_RestrictedCashMember_lbl" xml:lang="en-US">Restricted cash [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_RestrictedCashMember" xlink:to="pbm_RestrictedCashMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_OtherReceivablesMember" xlink:href="pbm-20260331.xsd#pbm_OtherReceivablesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_OtherReceivablesMember_lbl" xml:lang="en-US">Other receivables [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_OtherReceivablesMember" xlink:to="pbm_OtherReceivablesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_LoanReceivableMember" xlink:href="pbm-20260331.xsd#pbm_LoanReceivableMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_LoanReceivableMember_lbl" xml:lang="en-US">Loan receivable [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_LoanReceivableMember" xlink:to="pbm_LoanReceivableMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_InvestmentInPsyenceLabsLtdMember" xlink:href="pbm-20260331.xsd#pbm_InvestmentInPsyenceLabsLtdMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_InvestmentInPsyenceLabsLtdMember_lbl" xml:lang="en-US">Investment in Psyence Labs Ltd [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_InvestmentInPsyenceLabsLtdMember" xlink:to="pbm_InvestmentInPsyenceLabsLtdMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AccountsPayableAndAccruedLiabilitieMember" xlink:href="pbm-20260331.xsd#pbm_AccountsPayableAndAccruedLiabilitieMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AccountsPayableAndAccruedLiabilitieMember_lbl" xml:lang="en-US">Accounts payable and accrued liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AccountsPayableAndAccruedLiabilitieMember" xlink:to="pbm_AccountsPayableAndAccruedLiabilitieMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DerivativeWarrantLiabilitiesMember" xlink:href="pbm-20260331.xsd#pbm_DerivativeWarrantLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DerivativeWarrantLiabilitiesMember_lbl" xml:lang="en-US">Derivative warrant liability [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DerivativeWarrantLiabilitiesMember" xlink:to="pbm_DerivativeWarrantLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMember_lbl" xml:lang="en-US">Reported [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMember" xlink:to="ifrs-full_IncreaseDecreaseDueToChangesInAccountingPolicyRequiredByIFRSsCumulativeEffectAtDateOfInitialApplicationMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember_lbl" xml:lang="en-US">Foreign Currency Translation [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember" xlink:to="ifrs-full_OpeningBalanceAfterAdjustmentCumulativeEffectAtDateOfInitialApplicationMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NcacMember" xlink:href="pbm-20260331.xsd#pbm_NcacMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NcacMember_lbl" xml:lang="en-US">NCAC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NcacMember" xlink:to="pbm_NcacMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_BitcoinMember" xlink:href="pbm-20260331.xsd#pbm_BitcoinMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_BitcoinMember_lbl" xml:lang="en-US">Bitcoin [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_BitcoinMember" xlink:to="pbm_BitcoinMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_EthereumMember" xlink:href="pbm-20260331.xsd#pbm_EthereumMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_EthereumMember_lbl" xml:lang="en-US">Ethereum [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_EthereumMember" xlink:to="pbm_EthereumMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_SolanaMember" xlink:href="pbm-20260331.xsd#pbm_SolanaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_SolanaMember_lbl" xml:lang="en-US">Solana [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_SolanaMember" xlink:to="pbm_SolanaMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_TetherMember" xlink:href="pbm-20260331.xsd#pbm_TetherMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_TetherMember_lbl" xml:lang="en-US">Tether [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TetherMember" xlink:to="pbm_TetherMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_USDCoinMember" xlink:href="pbm-20260331.xsd#pbm_USDCoinMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_USDCoinMember_lbl" xml:lang="en-US">USD Coin [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_USDCoinMember" xlink:to="pbm_USDCoinMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_CashUSDMember" xlink:href="pbm-20260331.xsd#pbm_CashUSDMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_CashUSDMember_lbl" xml:lang="en-US">Cash (USD) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CashUSDMember" xlink:to="pbm_CashUSDMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ComputerEquipmentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComputerEquipmentMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComputerEquipmentMember_lbl" xml:lang="en-US">Computer equipment [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComputerEquipmentMember" xlink:to="ifrs-full_ComputerEquipmentMember_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ComputerEquipmentMember_lbl0" xml:lang="en-US">Equipment [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComputerEquipmentMember" xlink:to="ifrs-full_ComputerEquipmentMember_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_GrossCarryingAmountMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GrossCarryingAmountMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossCarryingAmountMember_lbl" xml:lang="en-US">Cost [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossCarryingAmountMember" xlink:to="ifrs-full_GrossCarryingAmountMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedDepreciationAndAmortisationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl" xml:lang="en-US">Accumulated Depreciation [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:to="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_SharePriceMeasurementInputMember" xlink:href="pbm-20260331.xsd#pbm_SharePriceMeasurementInputMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_SharePriceMeasurementInputMember_lbl" xml:lang="en-US">Share price [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_SharePriceMeasurementInputMember" xlink:to="pbm_SharePriceMeasurementInputMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ExpectedDividendYieldMeasurementInputMember" xlink:href="pbm-20260331.xsd#pbm_ExpectedDividendYieldMeasurementInputMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ExpectedDividendYieldMeasurementInputMember_lbl" xml:lang="en-US">Expected dividend yield [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpectedDividendYieldMeasurementInputMember" xlink:to="pbm_ExpectedDividendYieldMeasurementInputMember_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbm_ExpectedDividendYieldMeasurementInputMember_lbl0" xml:lang="en-US">Expected Dividend Yield, Measurement Input [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpectedDividendYieldMeasurementInputMember" xlink:to="pbm_ExpectedDividendYieldMeasurementInputMember_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_ExercisePriceMeasurementInputMember" xlink:href="pbm-20260331.xsd#pbm_ExercisePriceMeasurementInputMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ExercisePriceMeasurementInputMember_lbl" xml:lang="en-US">Exercise price	[Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExercisePriceMeasurementInputMember" xlink:to="pbm_ExercisePriceMeasurementInputMember_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbm_ExercisePriceMeasurementInputMember_lbl0" xml:lang="en-US">Exercise Price, Measurement Input [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExercisePriceMeasurementInputMember" xlink:to="pbm_ExercisePriceMeasurementInputMember_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_InterestRateMeasurementInputMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestRateMeasurementInputMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestRateMeasurementInputMember_lbl" xml:lang="en-US">Risk-free interest rate [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateMeasurementInputMember" xlink:to="ifrs-full_InterestRateMeasurementInputMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ExpectedLifeMeasurementInputMember" xlink:href="pbm-20260331.xsd#pbm_ExpectedLifeMeasurementInputMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ExpectedLifeMeasurementInputMember_lbl" xml:lang="en-US">Expected life [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpectedLifeMeasurementInputMember" xlink:to="pbm_ExpectedLifeMeasurementInputMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember_lbl" xml:lang="en-US">Expected volatility [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember" xlink:to="ifrs-full_HistoricalVolatilityForSharesMeasurementInputMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ExpiryDateMember" xlink:href="pbm-20260331.xsd#pbm_ExpiryDateMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ExpiryDateMember_lbl" xml:lang="en-US">Expiry date [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpiryDateMember" xlink:to="pbm_ExpiryDateMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PrivateWarrantsMember" xlink:href="pbm-20260331.xsd#pbm_PrivateWarrantsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PrivateWarrantsMember_lbl" xml:lang="en-US">Private Warrants [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PrivateWarrantsMember" xlink:to="pbm_PrivateWarrantsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PublicWarrantsMember" xlink:href="pbm-20260331.xsd#pbm_PublicWarrantsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PublicWarrantsMember_lbl" xml:lang="en-US">Public Warrants [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PublicWarrantsMember" xlink:to="pbm_PublicWarrantsMember_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbm_PublicWarrantsMember_lbl0" xml:lang="en-US">Derivative warrant liabilities &#8211; public warrants [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PublicWarrantsMember" xlink:to="pbm_PublicWarrantsMember_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_WarrantsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WarrantsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WarrantsMember_lbl" xml:lang="en-US">Warrant [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WarrantsMember" xlink:to="ifrs-full_WarrantsMember_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_WarrantsMember_lbl0" xml:lang="en-US">Warrants [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WarrantsMember" xlink:to="ifrs-full_WarrantsMember_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_IssuedCapital1Member" xlink:href="pbm-20260331.xsd#pbm_IssuedCapital1Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_IssuedCapital1Member_lbl" xml:lang="en-US">Issued Capital [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IssuedCapital1Member" xlink:to="pbm_IssuedCapital1Member_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AugustMember" xlink:href="pbm-20260331.xsd#pbm_AugustMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AugustMember_lbl" xml:lang="en-US">August 20, 2024 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AugustMember" xlink:to="pbm_AugustMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DecemberTwenteyFourMember" xlink:href="pbm-20260331.xsd#pbm_DecemberTwenteyFourMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DecemberTwenteyFourMember_lbl" xml:lang="en-US">December 24, 2024 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DecemberTwenteyFourMember" xlink:to="pbm_DecemberTwenteyFourMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DecemberTwentyFourOneMember" xlink:href="pbm-20260331.xsd#pbm_DecemberTwentyFourOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DecemberTwentyFourOneMember_lbl" xml:lang="en-US">December 24, 2024 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DecemberTwentyFourOneMember" xlink:to="pbm_DecemberTwentyFourOneMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DecemberTwentyFourTwoMember" xlink:href="pbm-20260331.xsd#pbm_DecemberTwentyFourTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DecemberTwentyFourTwoMember_lbl" xml:lang="en-US">December 24, 2024 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DecemberTwentyFourTwoMember" xlink:to="pbm_DecemberTwentyFourTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_RestrictedShareUnitsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RestrictedShareUnitsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RestrictedShareUnitsMember_lbl" xml:lang="en-US">RSUs [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RestrictedShareUnitsMember" xlink:to="ifrs-full_RestrictedShareUnitsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DiscountRateSharesMeasurementInputMember" xlink:href="pbm-20260331.xsd#pbm_DiscountRateSharesMeasurementInputMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DiscountRateSharesMeasurementInputMember_lbl" xml:lang="en-US">Discount rate shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DiscountRateSharesMeasurementInputMember" xlink:to="pbm_DiscountRateSharesMeasurementInputMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ExpiryDateMeasurementInputMember" xlink:href="pbm-20260331.xsd#pbm_ExpiryDateMeasurementInputMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ExpiryDateMeasurementInputMember_lbl" xml:lang="en-US">Expiry date [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpiryDateMeasurementInputMember" xlink:to="pbm_ExpiryDateMeasurementInputMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AtFairValueMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AtFairValueMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AtFairValueMember_lbl" xml:lang="en-US">Fair Value Allocation [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AtFairValueMember" xlink:to="ifrs-full_AtFairValueMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_SharePriceWarrantMember" xlink:href="pbm-20260331.xsd#pbm_SharePriceWarrantMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_SharePriceWarrantMember_lbl" xml:lang="en-US">Share price [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_SharePriceWarrantMember" xlink:to="pbm_SharePriceWarrantMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ExpectedDividendYieldWarrantMember" xlink:href="pbm-20260331.xsd#pbm_ExpectedDividendYieldWarrantMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ExpectedDividendYieldWarrantMember_lbl" xml:lang="en-US">Expected dividend yield [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpectedDividendYieldWarrantMember" xlink:to="pbm_ExpectedDividendYieldWarrantMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ExercisePriceWarrantMember" xlink:href="pbm-20260331.xsd#pbm_ExercisePriceWarrantMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ExercisePriceWarrantMember_lbl" xml:lang="en-US">Exercise price	[Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExercisePriceWarrantMember" xlink:to="pbm_ExercisePriceWarrantMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_RiskfreeInterestRateWarrantMember" xlink:href="pbm-20260331.xsd#pbm_RiskfreeInterestRateWarrantMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_RiskfreeInterestRateWarrantMember_lbl" xml:lang="en-US">Risk-free interest rate [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_RiskfreeInterestRateWarrantMember" xlink:to="pbm_RiskfreeInterestRateWarrantMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ExpectedLifeWarrantMember" xlink:href="pbm-20260331.xsd#pbm_ExpectedLifeWarrantMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ExpectedLifeWarrantMember_lbl" xml:lang="en-US">Expected life [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpectedLifeWarrantMember" xlink:to="pbm_ExpectedLifeWarrantMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ExpectedVolatilityWarrantMember" xlink:href="pbm-20260331.xsd#pbm_ExpectedVolatilityWarrantMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ExpectedVolatilityWarrantMember_lbl" xml:lang="en-US">Expected volatility [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpectedVolatilityWarrantMember" xlink:to="pbm_ExpectedVolatilityWarrantMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ExpiryDateWarrantMember" xlink:href="pbm-20260331.xsd#pbm_ExpiryDateWarrantMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ExpiryDateWarrantMember_lbl" xml:lang="en-US">Expiry date [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpiryDateWarrantMember" xlink:to="pbm_ExpiryDateWarrantMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PrefundedWarrantsMember" xlink:href="pbm-20260331.xsd#pbm_PrefundedWarrantsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PrefundedWarrantsMember_lbl" xml:lang="en-US">Pre-funded warrants [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PrefundedWarrantsMember" xlink:to="pbm_PrefundedWarrantsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantsWith5YearExpiryMember" xlink:href="pbm-20260331.xsd#pbm_WarrantsWith5YearExpiryMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WarrantsWith5YearExpiryMember_lbl" xml:lang="en-US">Warrants with 5 year expiry [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsWith5YearExpiryMember" xlink:to="pbm_WarrantsWith5YearExpiryMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantWith2YearExpiryMember" xlink:href="pbm-20260331.xsd#pbm_WarrantWith2YearExpiryMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WarrantWith2YearExpiryMember_lbl" xml:lang="en-US">Warrant with 2 year expiry [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantWith2YearExpiryMember" xlink:to="pbm_WarrantWith2YearExpiryMember_lbl"/>
    <loc xlink:type="locator" xlink:label="country_CA" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_CA"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_CA_lbl" xml:lang="en-US">Canada [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CA" xlink:to="country_CA_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OtherTemporaryDifferencesMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherTemporaryDifferencesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherTemporaryDifferencesMember_lbl" xml:lang="en-US">Restricted interest and financing expenses [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherTemporaryDifferencesMember" xlink:to="ifrs-full_OtherTemporaryDifferencesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ShareIssuanceCostsAndOthersMember" xlink:href="pbm-20260331.xsd#pbm_ShareIssuanceCostsAndOthersMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ShareIssuanceCostsAndOthersMember_lbl" xml:lang="en-US">Share issuance costs and others [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ShareIssuanceCostsAndOthersMember" xlink:to="pbm_ShareIssuanceCostsAndOthersMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_InvestmentInDigitalAssetsMember" xlink:href="pbm-20260331.xsd#pbm_InvestmentInDigitalAssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_InvestmentInDigitalAssetsMember_lbl" xml:lang="en-US">Investment in digital assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_InvestmentInDigitalAssetsMember" xlink:to="pbm_InvestmentInDigitalAssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NonCapitalLossesCarriedForwardMember" xlink:href="pbm-20260331.xsd#pbm_NonCapitalLossesCarriedForwardMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NonCapitalLossesCarriedForwardMember_lbl" xml:lang="en-US">Non-capital losses carried forward [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NonCapitalLossesCarriedForwardMember" xlink:to="pbm_NonCapitalLossesCarriedForwardMember_lbl"/>
    <loc xlink:type="locator" xlink:label="country_AU" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_AU"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_AU_lbl" xml:lang="en-US">Australia [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_AU" xlink:to="country_AU_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_TaxYear2044Member" xlink:href="pbm-20260331.xsd#pbm_TaxYear2044Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_TaxYear2044Member_lbl" xml:lang="en-US">2044 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TaxYear2044Member" xlink:to="pbm_TaxYear2044Member_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_TaxYear2045Member" xlink:href="pbm-20260331.xsd#pbm_TaxYear2045Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_TaxYear2045Member_lbl" xml:lang="en-US">2045 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TaxYear2045Member" xlink:to="pbm_TaxYear2045Member_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_TaxYear2046Member" xlink:href="pbm-20260331.xsd#pbm_TaxYear2046Member"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_TaxYear2046Member_lbl" xml:lang="en-US">Tax Year 2046 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TaxYear2046Member" xlink:to="pbm_TaxYear2046Member_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_IndefinitePeriodMember" xlink:href="pbm-20260331.xsd#pbm_IndefinitePeriodMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_IndefinitePeriodMember_lbl" xml:lang="en-US">Indefinite [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IndefinitePeriodMember" xlink:to="pbm_IndefinitePeriodMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantLiabilitiesMember" xlink:href="pbm-20260331.xsd#pbm_WarrantLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WarrantLiabilitiesMember_lbl" xml:lang="en-US">Warrant Liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantLiabilitiesMember" xlink:to="pbm_WarrantLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level1OfFairValueHierarchyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level 1 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="ifrs-full_Level1OfFairValueHierarchyMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level2OfFairValueHierarchyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level 2 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="ifrs-full_Level2OfFairValueHierarchyMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level3OfFairValueHierarchyMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level 3 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="ifrs-full_Level3OfFairValueHierarchyMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_IfrsAccountsPayableAndAccruedLiabilitiesMember" xlink:href="pbm-20260331.xsd#pbm_IfrsAccountsPayableAndAccruedLiabilitiesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_IfrsAccountsPayableAndAccruedLiabilitiesMember_lbl" xml:lang="en-US">Accounts payable &amp; accrued liabilities [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IfrsAccountsPayableAndAccruedLiabilitiesMember" xlink:to="pbm_IfrsAccountsPayableAndAccruedLiabilitiesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NotLaterThanOneYearMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotLaterThanOneYearMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US">&#8203;Less than 1 year [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanOneYearMember" xlink:to="ifrs-full_NotLaterThanOneYearMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US">&#8203;Between 1 and 3 years [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ReverseTakeoverTransactionWithNcacAxis" xlink:href="pbm-20260331.xsd#pbm_ReverseTakeoverTransactionWithNcacAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ReverseTakeoverTransactionWithNcacAxis_lbl" xml:lang="en-US">Reverse Takeover Transaction with NCAC [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ReverseTakeoverTransactionWithNcacAxis" xlink:to="pbm_ReverseTakeoverTransactionWithNcacAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_RangeAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RangeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RangeAxis_lbl" xml:lang="en-US">Range [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangeAxis" xlink:to="ifrs-full_RangeAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="srt_RangeAxis" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_RangeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RangeAxis_lbl" xml:lang="en-US">Statistical Measurement [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeAxis" xlink:to="srt_RangeAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_lbl" xml:lang="en-US">Types of share-based payment arrangements [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis" xlink:to="ifrs-full_TypesOfSharebasedPaymentArrangementsAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl" xml:lang="en-US">Non-adjusting events after reporting period [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_BorrowingsByNameAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsByNameAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsByNameAxis_lbl" xml:lang="en-US">Borrowings by name [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameAxis" xlink:to="ifrs-full_BorrowingsByNameAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AgreementAxis" xlink:href="pbm-20260331.xsd#pbm_AgreementAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AgreementAxis_lbl" xml:lang="en-US">Agreement [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AgreementAxis" xlink:to="pbm_AgreementAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis_lbl" xml:lang="en-US">Classes of financial assets [axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="ifrs-full_ClassesOfFinancialAssetsAxis_lbl"/>
    <loc xlink:type="locator" xlink:label="us-gaap_AccountingPoliciesAbstract" xlink:href="https://xbrl.fasb.org/us-gaap/2025/elts/us-gaap-2025.xsd#us-gaap_AccountingPoliciesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xml:lang="en-US">Accounting Policies [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_AccountingPoliciesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:label="ecd_InsiderTrdPoliciesProcAdoptedFlag" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_InsiderTrdPoliciesProcAdoptedFlag"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ecd_InsiderTrdPoliciesProcAdoptedFlag_lbl" xml:lang="en-US">Insider Trading Policies and Procedures Adopted [Flag]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ecd_InsiderTrdPoliciesProcAdoptedFlag" xlink:to="ecd_InsiderTrdPoliciesProcAdoptedFlag_lbl"/>
    <loc xlink:type="locator" xlink:label="cyd_CybersecurityRiskManagementProcessesForAssessingIdentifyingAndManagingThreatsTextBlock" xlink:href="https://xbrl.sec.gov/cyd/2025/cyd-2025.xsd#cyd_CybersecurityRiskManagementProcessesForAssessingIdentifyingAndManagingThreatsTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cyd_CybersecurityRiskManagementProcessesForAssessingIdentifyingAndManagingThreatsTextBlock_lbl" xml:lang="en-US">Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cyd_CybersecurityRiskManagementProcessesForAssessingIdentifyingAndManagingThreatsTextBlock" xlink:to="cyd_CybersecurityRiskManagementProcessesForAssessingIdentifyingAndManagingThreatsTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="cyd_CybersecurityRiskManagementProcessesIntegratedTextBlock" xlink:href="https://xbrl.sec.gov/cyd/2025/cyd-2025.xsd#cyd_CybersecurityRiskManagementProcessesIntegratedTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cyd_CybersecurityRiskManagementProcessesIntegratedTextBlock_lbl" xml:lang="en-US">Cybersecurity Risk Management Processes Integrated [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cyd_CybersecurityRiskManagementProcessesIntegratedTextBlock" xlink:to="cyd_CybersecurityRiskManagementProcessesIntegratedTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="cyd_CybersecurityRiskManagementProcessesIntegratedFlag" xlink:href="https://xbrl.sec.gov/cyd/2025/cyd-2025.xsd#cyd_CybersecurityRiskManagementProcessesIntegratedFlag"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cyd_CybersecurityRiskManagementProcessesIntegratedFlag_lbl" xml:lang="en-US">Cybersecurity Risk Management Processes Integrated [Flag]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cyd_CybersecurityRiskManagementProcessesIntegratedFlag" xlink:to="cyd_CybersecurityRiskManagementProcessesIntegratedFlag_lbl"/>
    <loc xlink:type="locator" xlink:label="cyd_CybersecurityRiskManagementThirdPartyEngagedFlag" xlink:href="https://xbrl.sec.gov/cyd/2025/cyd-2025.xsd#cyd_CybersecurityRiskManagementThirdPartyEngagedFlag"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cyd_CybersecurityRiskManagementThirdPartyEngagedFlag_lbl" xml:lang="en-US">Cybersecurity Risk Management Third Party Engaged [Flag]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cyd_CybersecurityRiskManagementThirdPartyEngagedFlag" xlink:to="cyd_CybersecurityRiskManagementThirdPartyEngagedFlag_lbl"/>
    <loc xlink:type="locator" xlink:label="cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantTextBlock" xlink:href="https://xbrl.sec.gov/cyd/2025/cyd-2025.xsd#cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantTextBlock_lbl" xml:lang="en-US">Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantTextBlock" xlink:to="cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag" xlink:href="https://xbrl.sec.gov/cyd/2025/cyd-2025.xsd#cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_lbl" xml:lang="en-US">Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag" xlink:to="cyd_CybersecurityRiskMateriallyAffectedOrReasonablyLikelyToMateriallyAffectRegistrantFlag_lbl"/>
    <loc xlink:type="locator" xlink:label="cyd_CybersecurityRiskBoardOfDirectorsOversightTextBlock" xlink:href="https://xbrl.sec.gov/cyd/2025/cyd-2025.xsd#cyd_CybersecurityRiskBoardOfDirectorsOversightTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cyd_CybersecurityRiskBoardOfDirectorsOversightTextBlock_lbl" xml:lang="en-US">Cybersecurity Risk Board of Directors Oversight [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cyd_CybersecurityRiskBoardOfDirectorsOversightTextBlock" xlink:to="cyd_CybersecurityRiskBoardOfDirectorsOversightTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="cyd_CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock" xlink:href="https://xbrl.sec.gov/cyd/2025/cyd-2025.xsd#cyd_CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cyd_CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_lbl" xml:lang="en-US">Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cyd_CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock" xlink:to="cyd_CybersecurityRiskBoardCommitteeOrSubcommitteeResponsibleForOversightTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="cyd_CybersecurityRiskManagementExpertiseOfManagementResponsibleTextBlock" xlink:href="https://xbrl.sec.gov/cyd/2025/cyd-2025.xsd#cyd_CybersecurityRiskManagementExpertiseOfManagementResponsibleTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cyd_CybersecurityRiskManagementExpertiseOfManagementResponsibleTextBlock_lbl" xml:lang="en-US">Cybersecurity Risk Management Expertise of Management Responsible [Text Block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cyd_CybersecurityRiskManagementExpertiseOfManagementResponsibleTextBlock" xlink:to="cyd_CybersecurityRiskManagementExpertiseOfManagementResponsibleTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ClosingForeignExchangeRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClosingForeignExchangeRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ClosingForeignExchangeRate_lbl" xml:lang="en-US">Closing rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClosingForeignExchangeRate" xlink:to="ifrs-full_ClosingForeignExchangeRate_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AverageForeignExchangeRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AverageForeignExchangeRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AverageForeignExchangeRate_lbl" xml:lang="en-US">Average rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AverageForeignExchangeRate" xlink:to="ifrs-full_AverageForeignExchangeRate_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ResearchAndDevelopmentExpenditurePercentage" xlink:href="pbm-20260331.xsd#pbm_ResearchAndDevelopmentExpenditurePercentage"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ResearchAndDevelopmentExpenditurePercentage_lbl" xml:lang="en-US">Percentage of research and development expenditures</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ResearchAndDevelopmentExpenditurePercentage" xlink:to="pbm_ResearchAndDevelopmentExpenditurePercentage_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_TradingPricePerShares" xlink:href="pbm-20260331.xsd#pbm_TradingPricePerShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_TradingPricePerShares_lbl" xml:lang="en-US">Closing trading price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TradingPricePerShares" xlink:to="pbm_TradingPricePerShares_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_lbl" xml:lang="en-US">Deposit made in a guaranteed investment certificate with the bank</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed" xlink:to="ifrs-full_ReverseRepurchaseAgreementsAndCashCollateralOnSecuritiesBorrowed_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DigitalAssetDeposits" xlink:href="pbm-20260331.xsd#pbm_DigitalAssetDeposits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DigitalAssetDeposits_lbl" xml:lang="en-US">Deposited digital asset</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DigitalAssetDeposits" xlink:to="pbm_DigitalAssetDeposits_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_LoansAndAdvances" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvances"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LoansAndAdvances_lbl" xml:lang="en-US">Advanced loan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LoansAndAdvances" xlink:to="ifrs-full_LoansAndAdvances_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_BorrowerAgreedToPurchaseShares" xlink:href="pbm-20260331.xsd#pbm_BorrowerAgreedToPurchaseShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_BorrowerAgreedToPurchaseShares_lbl" xml:lang="en-US">Borrower agreed to purchase shares (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_BorrowerAgreedToPurchaseShares" xlink:to="pbm_BorrowerAgreedToPurchaseShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PpurchasePricePerShares" xlink:href="pbm-20260331.xsd#pbm_PpurchasePricePerShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PpurchasePricePerShares_lbl" xml:lang="en-US">Purchase price per shares (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PpurchasePricePerShares" xlink:to="pbm_PpurchasePricePerShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_TotalPurchasePrice" xlink:href="pbm-20260331.xsd#pbm_TotalPurchasePrice"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_TotalPurchasePrice_lbl" xml:lang="en-US">Total purchase price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TotalPurchasePrice" xlink:to="pbm_TotalPurchasePrice_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ConsiderationOfShares" xlink:href="pbm-20260331.xsd#pbm_ConsiderationOfShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ConsiderationOfShares_lbl" xml:lang="en-US">Consideration of shares (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ConsiderationOfShares" xlink:to="pbm_ConsiderationOfShares_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_InvestmentPropertyFairValueUsedAsDeemedCost" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentPropertyFairValueUsedAsDeemedCost"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentPropertyFairValueUsedAsDeemedCost_lbl" xml:lang="en-US">Fair value of investment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentPropertyFairValueUsedAsDeemedCost" xlink:to="ifrs-full_InvestmentPropertyFairValueUsedAsDeemedCost_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ThirdPartyInvestor" xlink:href="pbm-20260331.xsd#pbm_ThirdPartyInvestor"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ThirdPartyInvestor_lbl" xml:lang="en-US">Third-party investor</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ThirdPartyInvestor" xlink:to="pbm_ThirdPartyInvestor_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_SubscriptionAgreementOfAdditionalShares" xlink:href="pbm-20260331.xsd#pbm_SubscriptionAgreementOfAdditionalShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_SubscriptionAgreementOfAdditionalShares_lbl" xml:lang="en-US">Additional shares (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_SubscriptionAgreementOfAdditionalShares" xlink:to="pbm_SubscriptionAgreementOfAdditionalShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AcquisitionsSharesHeld" xlink:href="pbm-20260331.xsd#pbm_AcquisitionsSharesHeld"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_AcquisitionsSharesHeld_lbl" xml:lang="en-US">Acquisitions shares held (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AcquisitionsSharesHeld" xlink:to="pbm_AcquisitionsSharesHeld_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PercentageOfOutstandingShares" xlink:href="pbm-20260331.xsd#pbm_PercentageOfOutstandingShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PercentageOfOutstandingShares_lbl" xml:lang="en-US">Percentage of outstanding shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PercentageOfOutstandingShares" xlink:to="pbm_PercentageOfOutstandingShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_UnrealizedFairValueGain" xlink:href="pbm-20260331.xsd#pbm_UnrealizedFairValueGain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_UnrealizedFairValueGain_lbl" xml:lang="en-US">Unrealized fair value gain</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_UnrealizedFairValueGain" xlink:to="pbm_UnrealizedFairValueGain_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_FixedConsiderationAmount" xlink:href="pbm-20260331.xsd#pbm_FixedConsiderationAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FixedConsiderationAmount_lbl" xml:lang="en-US">Fixed consideration amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FixedConsiderationAmount" xlink:to="pbm_FixedConsiderationAmount_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PercentageOwnershipInterest" xlink:href="pbm-20260331.xsd#pbm_PercentageOwnershipInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PercentageOwnershipInterest_lbl" xml:lang="en-US">Percentage of ownership interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PercentageOwnershipInterest" xlink:to="pbm_PercentageOwnershipInterest_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_RemeasuredCarryingAmount" xlink:href="pbm-20260331.xsd#pbm_RemeasuredCarryingAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_RemeasuredCarryingAmount_lbl" xml:lang="en-US">Remeasured carrying amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_RemeasuredCarryingAmount" xlink:to="pbm_RemeasuredCarryingAmount_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PercentageOfVotingEquityInterestsAcquired"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" xml:lang="en-US">Percentage of equity method post acquisition</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:to="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfWarrantsIssued" xlink:href="pbm-20260331.xsd#pbm_NumberOfWarrantsIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfWarrantsIssued_lbl" xml:lang="en-US">Number of warrants issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsIssued" xlink:to="pbm_NumberOfWarrantsIssued_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="pbm_NumberOfWarrantsIssued_lbl0" xml:lang="en-US">Pre-funded warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsIssued" xlink:to="pbm_NumberOfWarrantsIssued_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_CancellationOfPublicWarrants" xlink:href="pbm-20260331.xsd#pbm_CancellationOfPublicWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_CancellationOfPublicWarrants_lbl" xml:lang="en-US">Cancellation of public warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CancellationOfPublicWarrants" xlink:to="pbm_CancellationOfPublicWarrants_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US">Fair value loss (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives" xlink:to="ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodShareStockSplits" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodShareStockSplits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodShareStockSplits_lbl" xml:lang="en-US">Number of stock split</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodShareStockSplits" xlink:to="pbm_StockIssuedDuringPeriodShareStockSplits_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AmountsPayableRelatedPartyTransactions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AmountsPayableRelatedPartyTransactions_lbl" xml:lang="en-US">Accounts payable (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsPayableRelatedPartyTransactions" xlink:to="ifrs-full_AmountsPayableRelatedPartyTransactions_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_OwnedAmountOfService" xlink:href="pbm-20260331.xsd#pbm_OwnedAmountOfService"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_OwnedAmountOfService_lbl" xml:lang="en-US">Owned amount of service (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_OwnedAmountOfService" xlink:to="pbm_OwnedAmountOfService_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_IfrsGainLossOnExtinguishmentOfDebt" xlink:href="pbm-20260331.xsd#pbm_IfrsGainLossOnExtinguishmentOfDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_IfrsGainLossOnExtinguishmentOfDebt_lbl" xml:lang="en-US">Gain on debt settlement (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IfrsGainLossOnExtinguishmentOfDebt" xlink:to="pbm_IfrsGainLossOnExtinguishmentOfDebt_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement_lbl" xml:lang="en-US">Exercisable into common shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfOtherEquityInstrumentsExercisableInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_IncrementalFairValueGrantedModifiedSharebasedPaymentArrangements" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncrementalFairValueGrantedModifiedSharebasedPaymentArrangements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncrementalFairValueGrantedModifiedSharebasedPaymentArrangements_lbl" xml:lang="en-US">Fair value (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncrementalFairValueGrantedModifiedSharebasedPaymentArrangements" xlink:to="ifrs-full_IncrementalFairValueGrantedModifiedSharebasedPaymentArrangements_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_lbl" xml:lang="en-US">RSU settled shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted" xlink:to="ifrs-full_NumberOfInstrumentsOtherEquityInstrumentsGranted_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_lbl" xml:lang="en-US">Shares exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfOtherEquityInstrumentsExercisedOrVestedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_lbl" xml:lang="en-US">Share-based payments (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets" xlink:to="ifrs-full_ExpenseFromSharebasedPaymentTransactionsInWhichGoodsOrServicesReceivedDidNotQualifyForRecognitionAsAssets_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_lbl" xml:lang="en-US">RSUs cancelled shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfOtherEquityInstrumentsForfeitedInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfOtherEquityInstrumentsAcceleratedVestingInSharebasedPaymentArrangement" xlink:href="pbm-20260331.xsd#pbm_NumberOfOtherEquityInstrumentsAcceleratedVestingInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfOtherEquityInstrumentsAcceleratedVestingInSharebasedPaymentArrangement_lbl" xml:lang="en-US">RSUs accelerated vesting</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfOtherEquityInstrumentsAcceleratedVestingInSharebasedPaymentArrangement" xlink:to="pbm_NumberOfOtherEquityInstrumentsAcceleratedVestingInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_MaximumPercentageOfRebateOnResearchDevelopmentTaxIncentiveProgram" xlink:href="pbm-20260331.xsd#pbm_MaximumPercentageOfRebateOnResearchDevelopmentTaxIncentiveProgram"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_MaximumPercentageOfRebateOnResearchDevelopmentTaxIncentiveProgram_lbl" xml:lang="en-US">Research and development expenses percentage</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_MaximumPercentageOfRebateOnResearchDevelopmentTaxIncentiveProgram" xlink:to="pbm_MaximumPercentageOfRebateOnResearchDevelopmentTaxIncentiveProgram_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PaidAmount" xlink:href="pbm-20260331.xsd#pbm_PaidAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PaidAmount_lbl" xml:lang="en-US">Settlement paid amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PaidAmount" xlink:to="pbm_PaidAmount_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PurchaseOfCommonShares" xlink:href="pbm-20260331.xsd#pbm_PurchaseOfCommonShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PurchaseOfCommonShares_lbl" xml:lang="en-US">Purchase of common shares (in Shares)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PurchaseOfCommonShares" xlink:to="pbm_PurchaseOfCommonShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PurchasePricePerShare" xlink:href="pbm-20260331.xsd#pbm_PurchasePricePerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PurchasePricePerShare_lbl" xml:lang="en-US">Purchase price per share (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PurchasePricePerShare" xlink:to="pbm_PurchasePricePerShare_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PurchaseValueOfCommonShares" xlink:href="pbm-20260331.xsd#pbm_PurchaseValueOfCommonShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PurchaseValueOfCommonShares_lbl" xml:lang="en-US">Purchase value of common shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PurchaseValueOfCommonShares" xlink:to="pbm_PurchaseValueOfCommonShares_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_PaymentsForShareIssueCosts" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PaymentsForShareIssueCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PaymentsForShareIssueCosts_lbl" xml:lang="en-US">Obligation to pay (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PaymentsForShareIssueCosts" xlink:to="ifrs-full_PaymentsForShareIssueCosts_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OtherExpenseByNature" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherExpenseByNature"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherExpenseByNature_lbl" xml:lang="en-US">Total net settlement expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherExpenseByNature" xlink:to="ifrs-full_OtherExpenseByNature_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NotionalAmount" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotionalAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US">Aggregate principal amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotionalAmount" xlink:to="ifrs-full_NotionalAmount_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NotionalAmount_lbl0" xml:lang="en-US">Principal amount of debt issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotionalAmount" xlink:to="ifrs-full_NotionalAmount_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_SubscriptionAmount" xlink:href="pbm-20260331.xsd#pbm_SubscriptionAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_SubscriptionAmount_lbl" xml:lang="en-US">Subscription amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_SubscriptionAmount" xlink:to="pbm_SubscriptionAmount_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ProceedsFromIssuanceOfFinancingDebt" xlink:href="pbm-20260331.xsd#pbm_ProceedsFromIssuanceOfFinancingDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ProceedsFromIssuanceOfFinancingDebt_lbl" xml:lang="en-US">Proceeds from convertible debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ProceedsFromIssuanceOfFinancingDebt" xlink:to="pbm_ProceedsFromIssuanceOfFinancingDebt_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_lbl" xml:lang="en-US">Exercisable per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement" xlink:to="ifrs-full_NumberOfShareOptionsExercisableInSharebasedPaymentArrangement_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ProceedsFromExerciseOfWarrants" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromExerciseOfWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProceedsFromExerciseOfWarrants_lbl" xml:lang="en-US">Warrants valued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromExerciseOfWarrants" xlink:to="ifrs-full_ProceedsFromExerciseOfWarrants_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_lbl" xml:lang="en-US">Risk free interest rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted" xlink:to="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ExpectedLife" xlink:href="pbm-20260331.xsd#pbm_ExpectedLife"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ExpectedLife_lbl" xml:lang="en-US">Expected life</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpectedLife" xlink:to="pbm_ExpectedLife_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ConvertibleNoteFairValue" xlink:href="pbm-20260331.xsd#pbm_ConvertibleNoteFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ConvertibleNoteFairValue_lbl" xml:lang="en-US">Convertible note, fair value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ConvertibleNoteFairValue" xlink:to="pbm_ConvertibleNoteFairValue_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_RepaymentsOfCurrentBorrowings" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RepaymentsOfCurrentBorrowings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RepaymentsOfCurrentBorrowings_lbl" xml:lang="en-US">Notes paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepaymentsOfCurrentBorrowings" xlink:to="ifrs-full_RepaymentsOfCurrentBorrowings_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ExtinguishmentOfDebtEquity" xlink:href="pbm-20260331.xsd#pbm_ExtinguishmentOfDebtEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ExtinguishmentOfDebtEquity_lbl" xml:lang="en-US">Extinguishment amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExtinguishmentOfDebtEquity" xlink:to="pbm_ExtinguishmentOfDebtEquity_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DebtInstrumentConvertibleInitialConversionPrice" xlink:href="pbm-20260331.xsd#pbm_DebtInstrumentConvertibleInitialConversionPrice"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DebtInstrumentConvertibleInitialConversionPrice_lbl" xml:lang="en-US">Conversion price (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DebtInstrumentConvertibleInitialConversionPrice" xlink:to="pbm_DebtInstrumentConvertibleInitialConversionPrice_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_WeightedAverageSharePrice2019" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageSharePrice2019"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WeightedAverageSharePrice2019_lbl" xml:lang="en-US">Weighted average share price (in Dollars per share)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageSharePrice2019" xlink:to="ifrs-full_WeightedAverageSharePrice2019_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Fair value of notes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome" xlink:to="ifrs-full_DebtInstrumentsHeldMeasuredAtFairValueThroughOtherComprehensiveIncome_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_EquityLineOfCredit" xlink:href="pbm-20260331.xsd#pbm_EquityLineOfCredit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_EquityLineOfCredit_lbl" xml:lang="en-US">Equity line of credit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_EquityLineOfCredit" xlink:to="pbm_EquityLineOfCredit_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PurchaseAgreement" xlink:href="pbm-20260331.xsd#pbm_PurchaseAgreement"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PurchaseAgreement_lbl" xml:lang="en-US">Purchase agreement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PurchaseAgreement" xlink:to="pbm_PurchaseAgreement_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_OtherFeeAndCommissionExpense" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherFeeAndCommissionExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherFeeAndCommissionExpense_lbl" xml:lang="en-US">Commitment fee</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFeeAndCommissionExpense" xlink:to="ifrs-full_OtherFeeAndCommissionExpense_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_CashTransferred" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashTransferred"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashTransferred_lbl" xml:lang="en-US">Total consideration amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashTransferred" xlink:to="ifrs-full_CashTransferred_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_IssuanceCosts" xlink:href="pbm-20260331.xsd#pbm_IssuanceCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_IssuanceCosts_lbl" xml:lang="en-US">Issuance costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IssuanceCosts" xlink:to="pbm_IssuanceCosts_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_StockIssuedDuringPeriodSharesNewIssue" xlink:href="pbm-20260331.xsd#pbm_StockIssuedDuringPeriodSharesNewIssue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_StockIssuedDuringPeriodSharesNewIssue_lbl" xml:lang="en-US">Issuance of shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesNewIssue" xlink:to="pbm_StockIssuedDuringPeriodSharesNewIssue_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfWarrantPurchased" xlink:href="pbm-20260331.xsd#pbm_NumberOfWarrantPurchased"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfWarrantPurchased_lbl" xml:lang="en-US">Number of warrant purchased</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantPurchased" xlink:to="pbm_NumberOfWarrantPurchased_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantsAndRightsTerm" xlink:href="pbm-20260331.xsd#pbm_WarrantsAndRightsTerm"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WarrantsAndRightsTerm_lbl" xml:lang="en-US">Warrant outstanding term</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsAndRightsTerm" xlink:to="pbm_WarrantsAndRightsTerm_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ShareSettledIssuanceCostsCostsSettled" xlink:href="pbm-20260331.xsd#pbm_ShareSettledIssuanceCostsCostsSettled"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ShareSettledIssuanceCostsCostsSettled_lbl" xml:lang="en-US">Cash settled share issuance costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ShareSettledIssuanceCostsCostsSettled" xlink:to="pbm_ShareSettledIssuanceCostsCostsSettled_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WarrantSettledIssuanceCosts" xlink:href="pbm-20260331.xsd#pbm_WarrantSettledIssuanceCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WarrantSettledIssuanceCosts_lbl" xml:lang="en-US">Warrant settled issuance costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantSettledIssuanceCosts" xlink:to="pbm_WarrantSettledIssuanceCosts_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ShareWarrantIssued" xlink:href="pbm-20260331.xsd#pbm_ShareWarrantIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ShareWarrantIssued_lbl" xml:lang="en-US">Share warrant issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ShareWarrantIssued" xlink:to="pbm_ShareWarrantIssued_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ApplicableTaxRate" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ApplicableTaxRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xml:lang="en-US">Percentage of statutory income tax rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ApplicableTaxRate" xlink:to="ifrs-full_ApplicableTaxRate_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PercentageOfReasonablyPossibleChangeInRiskAssumption" xlink:href="pbm-20260331.xsd#pbm_PercentageOfReasonablyPossibleChangeInRiskAssumption"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PercentageOfReasonablyPossibleChangeInRiskAssumption_lbl" xml:lang="en-US">Percentage of fluctuation in foreign exchange rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PercentageOfReasonablyPossibleChangeInRiskAssumption" xlink:to="pbm_PercentageOfReasonablyPossibleChangeInRiskAssumption_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_IncreaseDecreaseInProfitOrLossDueToReasonablyPossibleChangeInDesignatedRiskComponent" xlink:href="pbm-20260331.xsd#pbm_IncreaseDecreaseInProfitOrLossDueToReasonablyPossibleChangeInDesignatedRiskComponent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_IncreaseDecreaseInProfitOrLossDueToReasonablyPossibleChangeInDesignatedRiskComponent_lbl" xml:lang="en-US">Impact to net loss and comprehensive loss</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IncreaseDecreaseInProfitOrLossDueToReasonablyPossibleChangeInDesignatedRiskComponent" xlink:to="pbm_IncreaseDecreaseInProfitOrLossDueToReasonablyPossibleChangeInDesignatedRiskComponent_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NumberOfExercisedShares" xlink:href="pbm-20260331.xsd#pbm_NumberOfExercisedShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NumberOfExercisedShares_lbl" xml:lang="en-US">Number of exercised shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfExercisedShares" xlink:to="pbm_NumberOfExercisedShares_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_GrossProceeds" xlink:href="pbm-20260331.xsd#pbm_GrossProceeds"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_GrossProceeds_lbl" xml:lang="en-US">Gross proceeds (in Dollars)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_GrossProceeds" xlink:to="pbm_GrossProceeds_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_lbl" xml:lang="en-US">Financial instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents" xlink:to="ifrs-full_DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory_lbl" xml:lang="en-US">Restricted cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DescriptionOfAccountingPolicyForDigitalAssetsExplanatory" xlink:href="pbm-20260331.xsd#pbm_DescriptionOfAccountingPolicyForDigitalAssetsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DescriptionOfAccountingPolicyForDigitalAssetsExplanatory_lbl" xml:lang="en-US">Digital Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DescriptionOfAccountingPolicyForDigitalAssetsExplanatory" xlink:to="pbm_DescriptionOfAccountingPolicyForDigitalAssetsExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory_lbl" xml:lang="en-US">Related party transactions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfVoluntaryChangeInAccountingPolicy" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfVoluntaryChangeInAccountingPolicy"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfVoluntaryChangeInAccountingPolicy_lbl" xml:lang="en-US">Change in accounting policy</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfVoluntaryChangeInAccountingPolicy" xlink:to="ifrs-full_DescriptionOfVoluntaryChangeInAccountingPolicy_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory_lbl" xml:lang="en-US">Research and development</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_lbl" xml:lang="en-US">Provisions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_lbl" xml:lang="en-US">Foreign currency translation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory_lbl" xml:lang="en-US">Income/(loss) per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_lbl" xml:lang="en-US">Share based compensation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants_lbl" xml:lang="en-US">Government grants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl" xml:lang="en-US">Income taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_lbl" xml:lang="en-US">Investment in Associate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DescriptionOfAccountingPolicyForInvestmentInPsyLabstextBlock" xlink:href="pbm-20260331.xsd#pbm_DescriptionOfAccountingPolicyForInvestmentInPsyLabstextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_DescriptionOfAccountingPolicyForInvestmentInPsyLabstextBlock_lbl" xml:lang="en-US">Investment in PsyLabs</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_RemeasurementOfPreviouslyHeldInterestMember_lbl" xml:lang="en-US">Remeasurement of Previously Held Interest [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_RemeasurementOfPreviouslyHeldInterestMember" xlink:to="pbm_RemeasurementOfPreviouslyHeldInterestMember_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ConsiderationTransferredForAdditionalSharesMember_lbl" xml:lang="en-US">Consideration Transferred for Additional Shares [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ConsiderationTransferredForAdditionalSharesMember" xlink:to="pbm_ConsiderationTransferredForAdditionalSharesMember_lbl"/>
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    <loc xlink:type="locator" xlink:label="pbm_PGIMember" xlink:href="pbm-20260331.xsd#pbm_PGIMember"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PGIMember" xlink:to="pbm_PGIMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ThirdPartyAdvisorsMember" xlink:href="pbm-20260331.xsd#pbm_ThirdPartyAdvisorsMember"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_RTOTransactionMember" xlink:to="pbm_RTOTransactionMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_RestrictedStockUnitsRSUsMember" xlink:href="pbm-20260331.xsd#pbm_RestrictedStockUnitsRSUsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_RestrictedStockUnitsRSUsMember_lbl" xml:lang="en-US">Restricted Stock Units (RSUs) [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_RestrictedStockUnitsRSUsMember" xlink:to="pbm_RestrictedStockUnitsRSUsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="srt_MinimumMember" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_MinimumMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_MinimumMember_lbl" xml:lang="en-US">Minimum [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MinimumMember" xlink:to="srt_MinimumMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_SubsequentEventsMember" xlink:href="pbm-20260331.xsd#pbm_SubsequentEventsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_SubsequentEventsMember_lbl" xml:lang="en-US">Subsequent Events [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_SubsequentEventsMember" xlink:to="pbm_SubsequentEventsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ForecastMember" xlink:href="pbm-20260331.xsd#pbm_ForecastMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ForecastMember_lbl" xml:lang="en-US">Forecast [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ForecastMember" xlink:to="pbm_ForecastMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ResearchAndDevelopmentExpensesMember" xlink:href="pbm-20260331.xsd#pbm_ResearchAndDevelopmentExpensesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ResearchAndDevelopmentExpensesMember_lbl" xml:lang="en-US">Research and Development Expenses [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ResearchAndDevelopmentExpensesMember" xlink:to="pbm_ResearchAndDevelopmentExpensesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_KAOSGroupMember" xlink:href="pbm-20260331.xsd#pbm_KAOSGroupMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_KAOSGroupMember_lbl" xml:lang="en-US">KAOS Group [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_KAOSGroupMember" xlink:to="pbm_KAOSGroupMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_OntarioSuperiorCourtMember" xlink:href="pbm-20260331.xsd#pbm_OntarioSuperiorCourtMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_OntarioSuperiorCourtMember_lbl" xml:lang="en-US">Ontario Superior Court [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_OntarioSuperiorCourtMember" xlink:to="pbm_OntarioSuperiorCourtMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_InvestorsMember" xlink:href="pbm-20260331.xsd#pbm_InvestorsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_InvestorsMember_lbl" xml:lang="en-US">Investors [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_InvestorsMember" xlink:to="pbm_InvestorsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ConvertibleInstrumentsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ConvertibleInstrumentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ConvertibleInstrumentsMember_lbl" xml:lang="en-US">Convertible Instruments [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConvertibleInstrumentsMember" xlink:to="ifrs-full_ConvertibleInstrumentsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_FirstTrancheNoteMember" xlink:href="pbm-20260331.xsd#pbm_FirstTrancheNoteMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FirstTrancheNoteMember_lbl" xml:lang="en-US">First Tranche Note [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FirstTrancheNoteMember" xlink:to="pbm_FirstTrancheNoteMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_SecondTrancheNotesMember" xlink:href="pbm-20260331.xsd#pbm_SecondTrancheNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_SecondTrancheNotesMember_lbl" xml:lang="en-US">Second Tranche Notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_SecondTrancheNotesMember" xlink:to="pbm_SecondTrancheNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_TerminationAgreementMember" xlink:href="pbm-20260331.xsd#pbm_TerminationAgreementMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_TerminationAgreementMember_lbl" xml:lang="en-US">Termination Agreement [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TerminationAgreementMember" xlink:to="pbm_TerminationAgreementMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_FirstTrancheNotesMember" xlink:href="pbm-20260331.xsd#pbm_FirstTrancheNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FirstTrancheNotesMember_lbl" xml:lang="en-US">First Tranche Notes [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FirstTrancheNotesMember" xlink:to="pbm_FirstTrancheNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_UnsecuredConvertiblePromissoryNotesMember" xlink:href="pbm-20260331.xsd#pbm_UnsecuredConvertiblePromissoryNotesMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_UnsecuredConvertiblePromissoryNotesMember_lbl" xml:lang="en-US">Unsecured Convertible Promissory Note [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_UnsecuredConvertiblePromissoryNotesMember" xlink:to="pbm_UnsecuredConvertiblePromissoryNotesMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ParentMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ParentMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ParentMember_lbl" xml:lang="en-US">Parent [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ParentMember" xlink:to="ifrs-full_ParentMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_NCACNoteMember" xlink:href="pbm-20260331.xsd#pbm_NCACNoteMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_NCACNoteMember_lbl" xml:lang="en-US">NCAC Note [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NCACNoteMember" xlink:to="pbm_NCACNoteMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ELOCMember" xlink:href="pbm-20260331.xsd#pbm_ELOCMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_ELOCMember_lbl" xml:lang="en-US">ELOC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ELOCMember" xlink:to="pbm_ELOCMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WhiteLionCapitalLLCMember" xlink:href="pbm-20260331.xsd#pbm_WhiteLionCapitalLLCMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WhiteLionCapitalLLCMember_lbl" xml:lang="en-US">White Lion Capital, LLC [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WhiteLionCapitalLLCMember" xlink:to="pbm_WhiteLionCapitalLLCMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_WhiteLionMember" xlink:href="pbm-20260331.xsd#pbm_WhiteLionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_WhiteLionMember_lbl" xml:lang="en-US">White Lion [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WhiteLionMember" xlink:to="pbm_WhiteLionMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PrivatePlacementAndWarrantsMember" xlink:href="pbm-20260331.xsd#pbm_PrivatePlacementAndWarrantsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_PrivatePlacementAndWarrantsMember_lbl" xml:lang="en-US">Private Placement and Warrants [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PrivatePlacementAndWarrantsMember" xlink:to="pbm_PrivatePlacementAndWarrantsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_FairValueAllocationAssumptionsMember" xlink:href="pbm-20260331.xsd#pbm_FairValueAllocationAssumptionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="pbm_FairValueAllocationAssumptionsMember_lbl" xml:lang="en-US">Fair Value Allocation Assumptions [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueAllocationAssumptionsMember" xlink:to="pbm_FairValueAllocationAssumptionsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MajorOrdinaryShareTransactionsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MajorOrdinaryShareTransactionsMember_lbl" xml:lang="en-US">Subsequent Events [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MajorOrdinaryShareTransactionsMember" xlink:to="ifrs-full_MajorOrdinaryShareTransactionsMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ComponentsOfEquityDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfEquityDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfEquityDomain_lbl" xml:lang="en-US">Components of equity [domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityDomain" xlink:to="ifrs-full_ComponentsOfEquityDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_StatementOfChangesInEquityTable" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfChangesInEquityTable_lbl" xml:lang="en-US">Statement of changes in equity [table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityTable" xlink:to="ifrs-full_StatementOfChangesInEquityTable_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_StatementOfChangesInEquityLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfChangesInEquityLineItems_lbl" xml:lang="en-US">Statement of changes in equity [line items]</label>
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    <loc xlink:type="locator" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain"/>
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    <loc xlink:type="locator" xlink:label="pbm_DerivativeWarrantLiabilitiesScheduleofPrivateWarrantsDetailsTable" xlink:href="pbm-20260331.xsd#pbm_DerivativeWarrantLiabilitiesScheduleofPrivateWarrantsDetailsTable"/>
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    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfLiabilitiesLineItems"/>
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    <loc xlink:type="locator" xlink:label="pbm_DerivativeWarrantLiabilitiesScheduleofWarrantTransactionsDetailsTable" xlink:href="pbm-20260331.xsd#pbm_DerivativeWarrantLiabilitiesScheduleofWarrantTransactionsDetailsTable"/>
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    <loc xlink:type="locator" xlink:label="pbm_ShareCapitalScheduleofIssuedandOutstandingCommonSharesDetailsTable" xlink:href="pbm-20260331.xsd#pbm_ShareCapitalScheduleofIssuedandOutstandingCommonSharesDetailsTable"/>
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    <loc xlink:type="locator" xlink:label="ifrs-full_DefaultFinancialStatementsDateMember" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DefaultFinancialStatementsDateMember"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ShareCapitalScheduleofWarrantswereOutstandingandExercisableDetailsTable" xlink:to="pbm_ShareCapitalScheduleofWarrantswereOutstandingandExercisableDetailsTable_lbl"/>
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    <loc xlink:type="locator" xlink:label="ifrs-full_TypesOfAntidilutiveInstrumentsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfAntidilutiveInstrumentsDomain"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangeDomain" xlink:to="ifrs-full_RangeDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PsyenceLabsLtdInvestmentandInvestmentinAssociateDetailsTable" xlink:href="pbm-20260331.xsd#pbm_PsyenceLabsLtdInvestmentandInvestmentinAssociateDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_PsyenceLabsLtdInvestmentandInvestmentinAssociateDetailsTable_lbl" xml:lang="en-US">Psyence Labs Ltd. Investment and Investment in Associate (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PsyenceLabsLtdInvestmentandInvestmentinAssociateDetailsTable" xlink:to="pbm_PsyenceLabsLtdInvestmentandInvestmentinAssociateDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfInvestmentPropertyLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInvestmentPropertyLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInvestmentPropertyLineItems_lbl" xml:lang="en-US">Psyence Labs Ltd. Investment and Investment in Associate [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInvestmentPropertyLineItems" xlink:to="ifrs-full_DisclosureOfInvestmentPropertyLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DerivativeWarrantLiabilitiesDetailsTable" xlink:href="pbm-20260331.xsd#pbm_DerivativeWarrantLiabilitiesDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_DerivativeWarrantLiabilitiesDetailsTable_lbl" xml:lang="en-US">Derivative Warrant Liabilities (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DerivativeWarrantLiabilitiesDetailsTable" xlink:to="pbm_DerivativeWarrantLiabilitiesDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_DerivativeWarrantLiabilitiesLineItems" xlink:href="pbm-20260331.xsd#pbm_DerivativeWarrantLiabilitiesLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_DerivativeWarrantLiabilitiesLineItems_lbl" xml:lang="en-US">Derivative Warrant Liabilities [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DerivativeWarrantLiabilitiesLineItems" xlink:to="pbm_DerivativeWarrantLiabilitiesLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="srt_RangeMember" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_RangeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_RangeMember_lbl" xml:lang="en-US">Statistical Measurement [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeMember" xlink:to="srt_RangeMember_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfSharebasedPaymentArrangementsDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfSharebasedPaymentArrangementsDomain_lbl" xml:lang="en-US">Types of share-based payment arrangements [domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfSharebasedPaymentArrangementsDomain" xlink:to="ifrs-full_TypesOfSharebasedPaymentArrangementsDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodDomain_lbl" xml:lang="en-US">Non-adjusting events after reporting period [domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:to="ifrs-full_NonadjustingEventsAfterReportingPeriodDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ShareCapitalDetailsTable" xlink:href="pbm-20260331.xsd#pbm_ShareCapitalDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ShareCapitalDetailsTable_lbl" xml:lang="en-US">Share Capital (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ShareCapitalDetailsTable" xlink:to="pbm_ShareCapitalDetailsTable_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalLineItems_lbl0" xml:lang="en-US">Share Capital [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:to="ifrs-full_DisclosureOfClassesOfShareCapitalLineItems_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_OtherIncomeDetailsTable" xlink:href="pbm-20260331.xsd#pbm_OtherIncomeDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_OtherIncomeDetailsTable_lbl" xml:lang="en-US">Other Income (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_OtherIncomeDetailsTable" xlink:to="pbm_OtherIncomeDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_OtherIncomeLineItems" xlink:href="pbm-20260331.xsd#pbm_OtherIncomeLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_OtherIncomeLineItems_lbl" xml:lang="en-US">Other Income [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_OtherIncomeLineItems" xlink:to="pbm_OtherIncomeLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_OtherExpenseDetailsTable" xlink:href="pbm-20260331.xsd#pbm_OtherExpenseDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_OtherExpenseDetailsTable_lbl" xml:lang="en-US">Other Expense (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_OtherExpenseDetailsTable" xlink:to="pbm_OtherExpenseDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_OtherExpenseLineItems" xlink:href="pbm-20260331.xsd#pbm_OtherExpenseLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_OtherExpenseLineItems_lbl" xml:lang="en-US">Other Expense [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_OtherExpenseLineItems" xlink:to="pbm_OtherExpenseLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_AgreementDomainDomain" xlink:href="pbm-20260331.xsd#pbm_AgreementDomainDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_AgreementDomainDomain_lbl" xml:lang="en-US">AgreementDomain [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AgreementDomainDomain" xlink:to="pbm_AgreementDomainDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_BorrowingsByNameDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsByNameDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsByNameDomain_lbl" xml:lang="en-US">Borrowings by name [domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByNameDomain" xlink:to="ifrs-full_BorrowingsByNameDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ConvertibleNoteLiabilityDetailsTable" xlink:href="pbm-20260331.xsd#pbm_ConvertibleNoteLiabilityDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ConvertibleNoteLiabilityDetailsTable_lbl" xml:lang="en-US">Convertible Note Liability (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ConvertibleNoteLiabilityDetailsTable" xlink:to="pbm_ConvertibleNoteLiabilityDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_lbl" xml:lang="en-US">Convertible Note Liability [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PromissoryNotesDetailsTable" xlink:href="pbm-20260331.xsd#pbm_PromissoryNotesDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_PromissoryNotesDetailsTable_lbl" xml:lang="en-US">Promissory Notes (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PromissoryNotesDetailsTable" xlink:to="pbm_PromissoryNotesDetailsTable_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_lbl0" xml:lang="en-US">Promissory Notes [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_lbl0"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_ClassesOfFinancialAssetsDomain" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialAssetsDomain_lbl" xml:lang="en-US">Classes of financial assets [domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialAssetsDomain" xlink:to="ifrs-full_ClassesOfFinancialAssetsDomain_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ELOCDetailsTable" xlink:href="pbm-20260331.xsd#pbm_ELOCDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ELOCDetailsTable_lbl" xml:lang="en-US">ELOC (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ELOCDetailsTable" xlink:to="pbm_ELOCDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_ELOCLineItems" xlink:href="pbm-20260331.xsd#pbm_ELOCLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ELOCLineItems_lbl" xml:lang="en-US">ELOC [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ELOCLineItems" xlink:to="pbm_ELOCLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PIPEFinancingPrivatePlacementandWarrantsDetailsTable" xlink:href="pbm-20260331.xsd#pbm_PIPEFinancingPrivatePlacementandWarrantsDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_PIPEFinancingPrivatePlacementandWarrantsDetailsTable_lbl" xml:lang="en-US">PIPE Financing - Private Placement and Warrants (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PIPEFinancingPrivatePlacementandWarrantsDetailsTable" xlink:to="pbm_PIPEFinancingPrivatePlacementandWarrantsDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_PIPEFinancingPrivatePlacementAndWarrantsLineItems" xlink:href="pbm-20260331.xsd#pbm_PIPEFinancingPrivatePlacementAndWarrantsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_PIPEFinancingPrivatePlacementAndWarrantsLineItems_lbl" xml:lang="en-US">PIPE Financing - Private Placement and Warrants [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PIPEFinancingPrivatePlacementAndWarrantsLineItems" xlink:to="pbm_PIPEFinancingPrivatePlacementAndWarrantsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:label="pbm_IncomeTaxNoteDetailsTable" xlink:href="pbm-20260331.xsd#pbm_IncomeTaxNoteDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_IncomeTaxNoteDetailsTable_lbl" xml:lang="en-US">Income Tax Note (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IncomeTaxNoteDetailsTable" xlink:to="pbm_IncomeTaxNoteDetailsTable_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems_lbl0" xml:lang="en-US">Income Tax Note [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems" xlink:to="ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsLineItems_lbl0"/>
    <loc xlink:type="locator" xlink:label="pbm_SubsequentEventsDetailsTable" xlink:href="pbm-20260331.xsd#pbm_SubsequentEventsDetailsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_SubsequentEventsDetailsTable_lbl" xml:lang="en-US">Subsequent Events (Details) [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_SubsequentEventsDetailsTable" xlink:to="pbm_SubsequentEventsDetailsTable_lbl"/>
    <loc xlink:type="locator" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems_lbl" xml:lang="en-US">Subsequent Events [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:to="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AccountingMethodOfSubsidiary_lbl0" xml:lang="en-US">The accounting methods used in subsidiaries are classified as consolidated or unconsolidated.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AccountingMethodOfSubsidiary" xlink:to="pbm_AccountingMethodOfSubsidiary_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AcquisitionsSharesHeld_lbl0" xml:lang="en-US">Represents the acquisitions shares held.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AcquisitionsSharesHeld" xlink:to="pbm_AcquisitionsSharesHeld_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AdjustmentsForIncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl0" xml:lang="en-US">Adjustments for increase (decrease) in accounts payable and accrued liabilities to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AdjustmentsForIncreaseDecreaseInAccountsPayableAndAccruedLiabilities" xlink:to="pbm_AdjustmentsForIncreaseDecreaseInAccountsPayableAndAccruedLiabilities_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AdjustmentsForListingExpense_lbl0" xml:lang="en-US">Adjustments for listing expense to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AdjustmentsForListingExpense" xlink:to="pbm_AdjustmentsForListingExpense_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AdjustmentsForTransactionExpenses_lbl0" xml:lang="en-US">Adjustments for transaction expenses to reconcile profit (loss) to net cash flow from (used in) operating activities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AdjustmentsForTransactionExpenses" xlink:to="pbm_AdjustmentsForTransactionExpenses_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesCommitmentSharesELOC_lbl0" xml:lang="en-US">Amount of Common shares, Commitment shares ELOC.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesCommitmentSharesELOC" xlink:to="pbm_AmountOfCommonSharesCommitmentSharesELOC_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesExerciseOfRSUs_lbl0" xml:lang="en-US">Amount of common shares, exercise of RSUs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesExerciseOfRSUs" xlink:to="pbm_AmountOfCommonSharesExerciseOfRSUs_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesShareIssuanceCostsForELOC_lbl0" xml:lang="en-US">Amount of Common shares, Share issuance costs for ELOC.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesShareIssuanceCostsForELOC" xlink:to="pbm_AmountOfCommonSharesShareIssuanceCostsForELOC_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesShareIssuanceCostsForPIPEFinancing_lbl0" xml:lang="en-US">Amount of Common shares, Share issuance costs for PIPE financing.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesShareIssuanceCostsForPIPEFinancing" xlink:to="pbm_AmountOfCommonSharesShareIssuanceCostsForPIPEFinancing_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesShareIssuanceForAssociate_lbl0" xml:lang="en-US">Amount of common shares, share issuance for associate.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesShareIssuanceForAssociate" xlink:to="pbm_AmountOfCommonSharesShareIssuanceForAssociate_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesShareIssuanceToNCACShareholders_lbl0" xml:lang="en-US">Amount of common shares, share issuance to NCAC shareholders.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesShareIssuanceToNCACShareholders" xlink:to="pbm_AmountOfCommonSharesShareIssuanceToNCACShareholders_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesShareIssuanceToPGI_lbl0" xml:lang="en-US">Amount of common shares, share issuance to PGI.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesShareIssuanceToPGI" xlink:to="pbm_AmountOfCommonSharesShareIssuanceToPGI_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl0" xml:lang="en-US">Amount of Common shares, Shares issuance costs for PIPE pre-funded warrants exercised.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised" xlink:to="pbm_AmountOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForDebtSettlementinDollars_lbl0" xml:lang="en-US">Amount of common shares, shares issued for debt settlement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedForDebtSettlementinDollars" xlink:to="pbm_AmountOfCommonSharesSharesIssuedForDebtSettlementinDollars_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForELOC_lbl0" xml:lang="en-US">Amount of common shares, shares issued for ELOC.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedForELOC" xlink:to="pbm_AmountOfCommonSharesSharesIssuedForELOC_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForPIPEFinancing_lbl0" xml:lang="en-US">Amount of Common shares, Shares issued for PIPE financing.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedForPIPEFinancing" xlink:to="pbm_AmountOfCommonSharesSharesIssuedForPIPEFinancing_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised_lbl0" xml:lang="en-US">Amount of Common shares, Shares issued for PIPE pre-funded warrants exercised.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised" xlink:to="pbm_AmountOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForPsyLabsShareExchange_lbl0" xml:lang="en-US">Amount of Common shares, Shares issued for PsyLabs share exchange.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedForPsyLabsShareExchange" xlink:to="pbm_AmountOfCommonSharesSharesIssuedForPsyLabsShareExchange_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNote_lbl0" xml:lang="en-US">Amount of common shares, shares issued on conversion of convertible note.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNote" xlink:to="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNote_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants_lbl0" xml:lang="en-US">Amount of Common shares, Shares issued on conversion of convertible note warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants" xlink:to="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes_lbl0" xml:lang="en-US">Amount of Common shares, Shares issued on conversion of NCAC promissory notes.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes" xlink:to="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes_lbl0" xml:lang="en-US">Amount of Common shares, Shares issued on conversion of PGI promissory notes.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes" xlink:to="pbm_AmountOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesSharesIssuedToThirdPartyAdvisors_lbl0" xml:lang="en-US">Amount of common shares, shares issued to third party advisors.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedToThirdPartyAdvisors" xlink:to="pbm_AmountOfCommonSharesSharesIssuedToThirdPartyAdvisors_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfCommonSharesWarrantExchange_lbl0" xml:lang="en-US">Amount of Common shares, Warrant exchange.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesWarrantExchange" xlink:to="pbm_AmountOfCommonSharesWarrantExchange_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfConvertibleNoteTerminationAgreementWarrantsExercised_lbl0" xml:lang="en-US">Amount of convertible note termination agreement warrants exercised.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfConvertibleNoteTerminationAgreementWarrantsExercised" xlink:to="pbm_AmountOfConvertibleNoteTerminationAgreementWarrantsExercised_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfIssuanceCostsForPIPEFinancingWarrants_lbl0" xml:lang="en-US">Amount of issuance costs for PIPE financing warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfIssuanceCostsForPIPEFinancingWarrants" xlink:to="pbm_AmountOfIssuanceCostsForPIPEFinancingWarrants_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl0" xml:lang="en-US">Amount of issuance costs for PIPE pre-funded warrants exercised.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfIssuanceCostsForPIPEPrefundedWarrantsExercised" xlink:to="pbm_AmountOfIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfPIPEFinancingWarrantIssuance_lbl0" xml:lang="en-US">Amount of PIPE financing warrant issuance.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfPIPEFinancingWarrantIssuance" xlink:to="pbm_AmountOfPIPEFinancingWarrantIssuance_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfPIPEFinancingWarrantIssuanceCosts_lbl0" xml:lang="en-US">Amount of PIPE financing warrant issuance costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfPIPEFinancingWarrantIssuanceCosts" xlink:to="pbm_AmountOfPIPEFinancingWarrantIssuanceCosts_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfPIPEPrefundedWarrantsExercised_lbl0" xml:lang="en-US">Amount of PIPE pre-funded warrants exercised.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfPIPEPrefundedWarrantsExercised" xlink:to="pbm_AmountOfPIPEPrefundedWarrantsExercised_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfWarrantsEndingBalance_lbl0" xml:lang="en-US">Amount of warrants ending balance.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfWarrantsEndingBalance" xlink:to="pbm_AmountOfWarrantsEndingBalance_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfWarrantsIssuedForConvertibleNoteAddendum_lbl0" xml:lang="en-US">Amount of warrants issued for convertible note addendum.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfWarrantsIssuedForConvertibleNoteAddendum" xlink:to="pbm_AmountOfWarrantsIssuedForConvertibleNoteAddendum_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_AmountOfWarrantsOpeningBalance_lbl0" xml:lang="en-US">Amount of warrants opening balance.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfWarrantsOpeningBalance" xlink:to="pbm_AmountOfWarrantsOpeningBalance_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_BorrowerAgreedToPurchaseShares_lbl0" xml:lang="en-US">Borrower agreed to purchase shares.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_BorrowerAgreedToPurchaseShares" xlink:to="pbm_BorrowerAgreedToPurchaseShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_CancellationOfPublicWarrants_lbl0" xml:lang="en-US">The number of public warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CancellationOfPublicWarrants" xlink:to="pbm_CancellationOfPublicWarrants_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_CapitalManagementDisclosureTextBlock_lbl0" xml:lang="en-US">The entire disclosure on capital management.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CapitalManagementDisclosureTextBlock" xlink:to="pbm_CapitalManagementDisclosureTextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights_lbl1" xml:lang="en-US">Exercise price per share or per unit of warrants or rights outstanding.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights" xlink:to="pbm_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ClassificationOfFinancialAssetsAndLiabilities_lbl0" xml:lang="en-US">Classification of financial assets and liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ClassificationOfFinancialAssetsAndLiabilities" xlink:to="pbm_ClassificationOfFinancialAssetsAndLiabilities_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ConsiderationOfShares_lbl0" xml:lang="en-US">Represent the consideration of shares.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ConsiderationOfShares" xlink:to="pbm_ConsiderationOfShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ConsiderationTransferredForAdditionalSharesAcquiredShares_lbl0" xml:lang="en-US">The number of consideration transferred for additional shares acquired, shares.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ConsiderationTransferredForAdditionalSharesAcquiredShares" xlink:to="pbm_ConsiderationTransferredForAdditionalSharesAcquiredShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ConvertibleNoteFairValue_lbl0" xml:lang="en-US">Represents the fair value of convertible note.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ConvertibleNoteFairValue" xlink:to="pbm_ConvertibleNoteFairValue_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_CostOfDigitalAsset_lbl0" xml:lang="en-US">Amount of digital asset.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CostOfDigitalAsset" xlink:to="pbm_CostOfDigitalAsset_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_CurrentAccountsPayableAndAccruedLiabilities_lbl1" xml:lang="en-US">Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_CurrentAccountsPayableAndAccruedLiabilities" xlink:to="pbm_CurrentAccountsPayableAndAccruedLiabilities_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DebtInstrumentConvertibleInitialConversionPrice_lbl0" xml:lang="en-US">The price per share of the conversion feature embedded in the debt instrument.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DebtInstrumentConvertibleInitialConversionPrice" xlink:to="pbm_DebtInstrumentConvertibleInitialConversionPrice_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DescriptionOfAccountingPolicyForDigitalAssetsExplanatory_lbl0" xml:lang="en-US">The description of the entity&apos;s material accounting policy information for Digital Assets . [Refer: Classes of financial instruments [domain]]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DescriptionOfAccountingPolicyForDigitalAssetsExplanatory" xlink:to="pbm_DescriptionOfAccountingPolicyForDigitalAssetsExplanatory_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DescriptionOfAccountingPolicyForInvestmentInPsyLabstextBlock_lbl0" xml:lang="en-US">The description of the entity&apos;s material accounting policy information for investments in PsyLabs. [Refer: Total for all associates [member]]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DescriptionOfAccountingPolicyForInvestmentInPsyLabstextBlock" xlink:to="pbm_DescriptionOfAccountingPolicyForInvestmentInPsyLabstextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DigitalAssetDeposits_lbl0" xml:lang="en-US">Amount of digital asset deposits.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DigitalAssetDeposits" xlink:to="pbm_DigitalAssetDeposits_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DigitalAssets_lbl0" xml:lang="en-US">Amount of digital assets.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DigitalAssets" xlink:to="pbm_DigitalAssets_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfAccountsPayableAndAccruedLiabilitiesExplanatoryTableTextBlock_lbl0" xml:lang="en-US">Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity&apos;s business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfAccountsPayableAndAccruedLiabilitiesExplanatoryTableTextBlock" xlink:to="pbm_DisclosureOfAccountsPayableAndAccruedLiabilitiesExplanatoryTableTextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfCommonSharesWarrantsInputsUsedInFairValueMeasurementExplanatory_lbl0" xml:lang="en-US">The disclosure of Common Shares Warrants inputs for which market data are not available and that are developed using the best information available about the assumptions that market participants would use when measuring the fair value.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfCommonSharesWarrantsInputsUsedInFairValueMeasurementExplanatory" xlink:to="pbm_DisclosureOfCommonSharesWarrantsInputsUsedInFairValueMeasurementExplanatory_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfConvertibleNoteLiabilityTextBlock_lbl0" xml:lang="en-US">The entire disclosure of Convertible note liability.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfConvertibleNoteLiabilityTextBlock" xlink:to="pbm_DisclosureOfConvertibleNoteLiabilityTextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfDetailedInformationAboutPrepaidExpensesExplanatoryTableTextBlock_lbl0" xml:lang="en-US">The disclosure of transactions between the entity and its prepaid expenses. [Refer: Total for all related parties [member]]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfDetailedInformationAboutPrepaidExpensesExplanatoryTableTextBlock" xlink:to="pbm_DisclosureOfDetailedInformationAboutPrepaidExpensesExplanatoryTableTextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfDigitalAssetHoldingsExplanatoryTextBlock_lbl0" xml:lang="en-US">The detailed information of digital asset holdings.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfDigitalAssetHoldingsExplanatoryTextBlock" xlink:to="pbm_DisclosureOfDigitalAssetHoldingsExplanatoryTextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfDigitalAssets_lbl0" xml:lang="en-US">The entire disclosure for digital assets.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfDigitalAssets" xlink:to="pbm_DisclosureOfDigitalAssets_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfLoanProceeds_lbl0" xml:lang="en-US">The disclosure of loan proceeds.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfLoanProceeds" xlink:to="pbm_DisclosureOfLoanProceeds_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfPrefundedWarrantsUsedInFairValueMeasurementOfLiabilitiesExplanatory_lbl0" xml:lang="en-US">The disclosure of pre-funded Warrants inputs for which market data are not available and that are developed using the best information available about the assumptions that market participants would use when measuring the fair value.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfPrefundedWarrantsUsedInFairValueMeasurementOfLiabilitiesExplanatory" xlink:to="pbm_DisclosureOfPrefundedWarrantsUsedInFairValueMeasurementOfLiabilitiesExplanatory_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfPrivatePlacementAndWarrantsExplanatory_lbl0" xml:lang="en-US">The entire disclosure for private placement and warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfPrivatePlacementAndWarrantsExplanatory" xlink:to="pbm_DisclosureOfPrivatePlacementAndWarrantsExplanatory_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfPrivateWarrantExplanatory_lbl0" xml:lang="en-US">The disclosure of private warrant.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfPrivateWarrantExplanatory" xlink:to="pbm_DisclosureOfPrivateWarrantExplanatory_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfPsyenceLabsLtdInvestmentAndInvestmentInAssociate_lbl0" xml:lang="en-US">The entire disclosure for Psyence Labs Ltd. Investment and Investment in Associate.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfPsyenceLabsLtdInvestmentAndInvestmentInAssociate" xlink:to="pbm_DisclosureOfPsyenceLabsLtdInvestmentAndInvestmentInAssociate_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfTotalManagedCapitalTableTextBlock_lbl0" xml:lang="en-US">Schedule disclosing information related to total managed capital.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfTotalManagedCapitalTableTextBlock" xlink:to="pbm_DisclosureOfTotalManagedCapitalTableTextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfWarrantsExplanatoryTableTextBlock_lbl0" xml:lang="en-US">Tabular disclosure of the warrants transactions and the number of warrants outstanding.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfWarrantsExplanatoryTableTextBlock" xlink:to="pbm_DisclosureOfWarrantsExplanatoryTableTextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DisclosureOfWarrantsOutstandingAndExercisableExplanatoryTableTextBlock_lbl0" xml:lang="en-US">Tabular disclosure of the warrants outstanding and exercisable.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfWarrantsOutstandingAndExercisableExplanatoryTableTextBlock" xlink:to="pbm_DisclosureOfWarrantsOutstandingAndExercisableExplanatoryTableTextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_EquityLineOfCredit_lbl0" xml:lang="en-US">The amount of equity line of credit.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_EquityLineOfCredit" xlink:to="pbm_EquityLineOfCredit_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_EquityLineOfCreditDisclosureTextBlock_lbl0" xml:lang="en-US">The entire disclosure of equity line of credit.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_EquityLineOfCreditDisclosureTextBlock" xlink:to="pbm_EquityLineOfCreditDisclosureTextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ExpectedLife_lbl0" xml:lang="en-US">Expected life.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpectedLife" xlink:to="pbm_ExpectedLife_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ExtinguishmentOfDebtEquity_lbl0" xml:lang="en-US">The amount of extinguishment of debt equity.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExtinguishmentOfDebtEquity" xlink:to="pbm_ExtinguishmentOfDebtEquity_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FairValueAdjustmentOnConvertibleNote_lbl1" xml:lang="en-US">Amount of expense (income) related to adjustment to fair value of convertible note.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueAdjustmentOnConvertibleNote" xlink:to="pbm_FairValueAdjustmentOnConvertibleNote_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FairValueAdjustmentOnPromissoryNote_lbl1" xml:lang="en-US">Amount of expense (income) related to adjustment to fair value of promissory note.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueAdjustmentOnPromissoryNote" xlink:to="pbm_FairValueAdjustmentOnPromissoryNote_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FairValueAdjustmentsOnPromissoryNote_lbl0" xml:lang="en-US">Amount of expense (income) related to adjustment to fair&#xd;
 value of promissory note.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueAdjustmentsOnPromissoryNote" xlink:to="pbm_FairValueAdjustmentsOnPromissoryNote_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FairValueAllocationGrossProceeds_lbl1" xml:lang="en-US">It represents fair value allocation on gross proceeds.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueAllocationGrossProceeds" xlink:to="pbm_FairValueAllocationGrossProceeds_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FairValueGainOnInvestment_lbl0" xml:lang="en-US">The amount of fair value gain on investment.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueGainOnInvestment" xlink:to="pbm_FairValueGainOnInvestment_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FairValueGainOnPsyenceLabsLtd_lbl0" xml:lang="en-US">Amount of income related to adjustment to fair value of psyence labs ltd.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueGainOnPsyenceLabsLtd" xlink:to="pbm_FairValueGainOnPsyenceLabsLtd_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FairValueLossOnDigitalAssets_lbl0" xml:lang="en-US">Amount of fair value loss on digital assets.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueLossOnDigitalAssets" xlink:to="pbm_FairValueLossOnDigitalAssets_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FairValueLossOnWarrantExchange_lbl1" xml:lang="en-US">Amount of expense (income) related to adjustment to fair value of warrant exchange.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueLossOnWarrantExchange" xlink:to="pbm_FairValueLossOnWarrantExchange_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FairValueOfDigitalAsset_lbl0" xml:lang="en-US">Amount of fair value.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValueOfDigitalAsset" xlink:to="pbm_FairValueOfDigitalAsset_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FairValuePerUnitOfDigitalAsset_lbl0" xml:lang="en-US">Amount of fair value per unit.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValuePerUnitOfDigitalAsset" xlink:to="pbm_FairValuePerUnitOfDigitalAsset_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FairValuegainlossOnWarrantLiability_lbl1" xml:lang="en-US">Amount of expense (income) related to adjustment to fair value of warrant liability.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValuegainlossOnWarrantLiability" xlink:to="pbm_FairValuegainlossOnWarrantLiability_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FairValuesLossOnWarrantExchange_lbl0" xml:lang="en-US">Adjustments for fair value losses (gains) to reconcile profit (loss) to net cash flow from (used in) operating activities. [Refer: Profit (loss)]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FairValuesLossOnWarrantExchange" xlink:to="pbm_FairValuesLossOnWarrantExchange_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FinancialLiabilitiesUndiscountedCashFlows_lbl0" xml:lang="en-US">The amount of contractual undiscounted cash flows in relation to financial liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FinancialLiabilitiesUndiscountedCashFlows" xlink:to="pbm_FinancialLiabilitiesUndiscountedCashFlows_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FixedConsiderationAmount_lbl0" xml:lang="en-US">The amount of fixed consideration.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FixedConsiderationAmount" xlink:to="pbm_FixedConsiderationAmount_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_GainOnDebtSettlement_lbl0" xml:lang="en-US">Represents the value of gain on debt settlement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_GainOnDebtSettlement" xlink:to="pbm_GainOnDebtSettlement_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_GainOnDebtSettlements_lbl0" xml:lang="en-US">The amount of gain on debt settlement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_GainOnDebtSettlements" xlink:to="pbm_GainOnDebtSettlements_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_GrossProceeds_lbl0" xml:lang="en-US">The amount of gross proceeds.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_GrossProceeds" xlink:to="pbm_GrossProceeds_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_IfrsFairValueAdjustmentOfWarrants_lbl0" xml:lang="en-US">Amount of expense (income) related to adjustment to fair value of warrant liability.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IfrsFairValueAdjustmentOfWarrants" xlink:to="pbm_IfrsFairValueAdjustmentOfWarrants_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_IfrsGainLossOnExtinguishmentOfDebt_lbl0" xml:lang="en-US">Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IfrsGainLossOnExtinguishmentOfDebt" xlink:to="pbm_IfrsGainLossOnExtinguishmentOfDebt_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_IncreaseDecreaseInProfitOrLossDueToReasonablyPossibleChangeInDesignatedRiskComponent_lbl0" xml:lang="en-US">The increase (decrease) in profit and loss as a result of an change in a designated risk component that was reasonably possible at the end of the reporting period.  Excludes defined benefit plan obligations.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IncreaseDecreaseInProfitOrLossDueToReasonablyPossibleChangeInDesignatedRiskComponent" xlink:to="pbm_IncreaseDecreaseInProfitOrLossDueToReasonablyPossibleChangeInDesignatedRiskComponent_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_InvestmentInAssociateAtAcquisitionDate_lbl0" xml:lang="en-US">The number of investment in associate at acquisition date.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_InvestmentInAssociateAtAcquisitionDate" xlink:to="pbm_InvestmentInAssociateAtAcquisitionDate_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_InvestmentInPsyenceLabsLtd_lbl0" xml:lang="en-US">Amount of investment in psyence labs ltd.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_InvestmentInPsyenceLabsLtd" xlink:to="pbm_InvestmentInPsyenceLabsLtd_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_IssuanceCosts_lbl0" xml:lang="en-US">The amount of issuance costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IssuanceCosts" xlink:to="pbm_IssuanceCosts_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_IssuanceOfSharesForInvestmentInAssociate_lbl0" xml:lang="en-US">Issuance of shares for investment in Associate.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IssuanceOfSharesForInvestmentInAssociate" xlink:to="pbm_IssuanceOfSharesForInvestmentInAssociate_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_IssuanceOfSharesOnExerciseOfRSUs_lbl0" xml:lang="en-US">Issuance of shares on exercise of RSUs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IssuanceOfSharesOnExerciseOfRSUs" xlink:to="pbm_IssuanceOfSharesOnExerciseOfRSUs_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_IssuanceOfSharesOnExerciseOfRSUsinShares_lbl0" xml:lang="en-US">Issuance of shares on exercise of RSUs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IssuanceOfSharesOnExerciseOfRSUsinShares" xlink:to="pbm_IssuanceOfSharesOnExerciseOfRSUsinShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ListingExpense_lbl0" xml:lang="en-US">The amount of listing expense.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ListingExpense" xlink:to="pbm_ListingExpense_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_LoanPrincipals_lbl0" xml:lang="en-US">The amount of loan principal.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_LoanPrincipals" xlink:to="pbm_LoanPrincipals_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_LoanReceivableTextBlock_lbl0" xml:lang="en-US">The entire disclosure of loan receivable.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_LoanReceivableTextBlock" xlink:to="pbm_LoanReceivableTextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_MaximumPercentageOfRebateOnResearchDevelopmentTaxIncentiveProgram_lbl0" xml:lang="en-US">The maximum percentage of rebate for the research &amp; development expenses under the research &amp; development tax incentive program.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_MaximumPercentageOfRebateOnResearchDevelopmentTaxIncentiveProgram" xlink:to="pbm_MaximumPercentageOfRebateOnResearchDevelopmentTaxIncentiveProgram_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_MeasurementsOfFinancialAssetsAndLiabilities_lbl0" xml:lang="en-US">measurements of financial assets and liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_MeasurementsOfFinancialAssetsAndLiabilities" xlink:to="pbm_MeasurementsOfFinancialAssetsAndLiabilities_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NetProceedsReceivedFromELOC_lbl0" xml:lang="en-US">The cash inflow from received from the of (ELOC) ordinary shares.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NetProceedsReceivedFromELOC" xlink:to="pbm_NetProceedsReceivedFromELOC_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NonCapitalLossCarryForwards_lbl0" xml:lang="en-US">Amount of non-capital loss carry forwards.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NonCapitalLossCarryForwards" xlink:to="pbm_NonCapitalLossCarryForwards_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NondeductibleLossOnLoanSettlement_lbl0" xml:lang="en-US">Represent the amount of non-deductible loss on loan settlement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NondeductibleLossOnLoanSettlement" xlink:to="pbm_NondeductibleLossOnLoanSettlement_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NondeductibleRampDCosts_lbl0" xml:lang="en-US">Amount of non-deductible R&amp;D costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NondeductibleRampDCosts" xlink:to="pbm_NondeductibleRampDCosts_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesCommitmentSharesELOC_lbl0" xml:lang="en-US">Number of Common shares, Commitment shares ELOC.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesCommitmentSharesELOC" xlink:to="pbm_NumberOfCommonSharesCommitmentSharesELOC_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesExerciseOfRSUs_lbl0" xml:lang="en-US">Number of common shares, exercise of RSUs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesExerciseOfRSUs" xlink:to="pbm_NumberOfCommonSharesExerciseOfRSUs_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesShareIssuanceCostsForELOC_lbl0" xml:lang="en-US">Number of Common shares, Share issuance costs for ELOC.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesShareIssuanceCostsForELOC" xlink:to="pbm_NumberOfCommonSharesShareIssuanceCostsForELOC_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesShareIssuanceCostsForPIPEFinancing_lbl0" xml:lang="en-US">Number of Common shares, Share issuance costs for PIPE financing.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesShareIssuanceCostsForPIPEFinancing" xlink:to="pbm_NumberOfCommonSharesShareIssuanceCostsForPIPEFinancing_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesShareIssuanceForAssociate_lbl0" xml:lang="en-US">Number of common shares, share issuance for associate.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesShareIssuanceForAssociate" xlink:to="pbm_NumberOfCommonSharesShareIssuanceForAssociate_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesShareIssuanceToNCACShareholders_lbl0" xml:lang="en-US">Number of Common shares, Share issuance to NCAC shareholders.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesShareIssuanceToNCACShareholders" xlink:to="pbm_NumberOfCommonSharesShareIssuanceToNCACShareholders_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesShareIssuanceToPGI_lbl0" xml:lang="en-US">Number of Common shares issuance to PGI.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesShareIssuanceToPGI" xlink:to="pbm_NumberOfCommonSharesShareIssuanceToPGI_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl0" xml:lang="en-US">Number of Common shares, Shares issuance costs for PIPE pre-funded warrants exercised.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised" xlink:to="pbm_NumberOfCommonSharesSharesIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesSharesIssuedForDebtSettlement_lbl0" xml:lang="en-US">Number of common shares, shares issued for debt settlement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedForDebtSettlement" xlink:to="pbm_NumberOfCommonSharesSharesIssuedForDebtSettlement_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesSharesIssuedForELOC_lbl0" xml:lang="en-US">Number of common shares, shares issued for ELOC.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedForELOC" xlink:to="pbm_NumberOfCommonSharesSharesIssuedForELOC_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesSharesIssuedForPIPEFinancing_lbl0" xml:lang="en-US">Number of common shares, shares issued for PIPE financing.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedForPIPEFinancing" xlink:to="pbm_NumberOfCommonSharesSharesIssuedForPIPEFinancing_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised_lbl0" xml:lang="en-US">Number of Common shares, Shares issued for PIPE pre-funded warrants exercised.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised" xlink:to="pbm_NumberOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNote_lbl0" xml:lang="en-US">Number of common shares, shares issued on conversion of convertible note.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNote" xlink:to="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNote_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants_lbl0" xml:lang="en-US">Number of Common shares, Shares issued on conversion of convertible note warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants" xlink:to="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfConvertibleNoteWarrants_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes_lbl0" xml:lang="en-US">Number of Common shares, Shares issued on conversion of NCAC promissory notes.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes" xlink:to="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfNCACPromissoryNotes_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes_lbl0" xml:lang="en-US">Number of Common shares, Shares issued on conversion of PGI promissory notes.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes" xlink:to="pbm_NumberOfCommonSharesSharesIssuedOnConversionOfPGIPromissoryNotes_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesSharesIssuedToThirdPartyAdvisors_lbl0" xml:lang="en-US">Number of common shares, shares issued to third party advisors.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesSharesIssuedToThirdPartyAdvisors" xlink:to="pbm_NumberOfCommonSharesSharesIssuedToThirdPartyAdvisors_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfCommonSharesWarrantExchange_lbl0" xml:lang="en-US">Number of common shares, warrant exchange.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesWarrantExchange" xlink:to="pbm_NumberOfCommonSharesWarrantExchange_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfExercisedShares_lbl0" xml:lang="en-US">Number of exercised shares.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfExercisedShares" xlink:to="pbm_NumberOfExercisedShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfOtherEquityInstrumentsAcceleratedVestingInSharebasedPaymentArrangement_lbl0" xml:lang="en-US">The number of other equity instruments accelerated vesting in share-based payment arrangement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfOtherEquityInstrumentsAcceleratedVestingInSharebasedPaymentArrangement" xlink:to="pbm_NumberOfOtherEquityInstrumentsAcceleratedVestingInSharebasedPaymentArrangement_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfShareIssuedWarrantLiability_lbl1" xml:lang="en-US">The number of share issued in warrant liability.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfShareIssuedWarrantLiability" xlink:to="pbm_NumberOfShareIssuedWarrantLiability_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfSharesConvertibleNoteTerminationAgreementWarrantsExercised_lbl0" xml:lang="en-US">Number of shares convertible note termination agreement warrants exercised.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesConvertibleNoteTerminationAgreementWarrantsExercised" xlink:to="pbm_NumberOfSharesConvertibleNoteTerminationAgreementWarrantsExercised_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfSharesInFairValueGainloss_lbl0" xml:lang="en-US">The number of share in Fair value gain loss.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesInFairValueGainloss" xlink:to="pbm_NumberOfSharesInFairValueGainloss_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfSharesIssuanceCostsForPIPEFinancingWarrants_lbl0" xml:lang="en-US">Number of shares Issuance costs for PIPE financing warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesIssuanceCostsForPIPEFinancingWarrants" xlink:to="pbm_NumberOfSharesIssuanceCostsForPIPEFinancingWarrants_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfSharesIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl0" xml:lang="en-US">Number of shares Issuance costs for PIPE pre-funded warrants exercised.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesIssuanceCostsForPIPEPrefundedWarrantsExercised" xlink:to="pbm_NumberOfSharesIssuanceCostsForPIPEPrefundedWarrantsExercised_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfSharesPIPEFinancingWarrantIssuance_lbl0" xml:lang="en-US">Number of shares PIPE financing warrant issuance.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesPIPEFinancingWarrantIssuance" xlink:to="pbm_NumberOfSharesPIPEFinancingWarrantIssuance_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfSharesPIPEFinancingWarrantIssuanceCosts_lbl0" xml:lang="en-US">Number of shares PIPE financing warrant issuance costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesPIPEFinancingWarrantIssuanceCosts" xlink:to="pbm_NumberOfSharesPIPEFinancingWarrantIssuanceCosts_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfSharesPIPEPrefundedWarrantsExercised_lbl0" xml:lang="en-US">Number of shares PIPE pre-funded warrants exercised.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesPIPEPrefundedWarrantsExercised" xlink:to="pbm_NumberOfSharesPIPEPrefundedWarrantsExercised_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteAddendum_lbl0" xml:lang="en-US">Number of shares Warrants issued for convertible note Addendum.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteAddendum" xlink:to="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteAddendum_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteTerminationAgreement_lbl0" xml:lang="en-US">Number of shares warrants issued for convertible note termination agreement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteTerminationAgreement" xlink:to="pbm_NumberOfSharesWarrantsIssuedForConvertibleNoteTerminationAgreement_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfWarrantExercisable_lbl0" xml:lang="en-US">Represents the number of warrants exercisable.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantExercisable" xlink:to="pbm_NumberOfWarrantExercisable_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfWarrantOutstanding_lbl1" xml:lang="en-US">Number of warrants outstanding.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantOutstanding" xlink:to="pbm_NumberOfWarrantOutstanding_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfWarrantPurchased_lbl0" xml:lang="en-US">Number of warrants purchased.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantPurchased" xlink:to="pbm_NumberOfWarrantPurchased_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfWarrantsExercisable_lbl0" xml:lang="en-US">Number of warrants exercisable.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsExercisable" xlink:to="pbm_NumberOfWarrantsExercisable_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfWarrantsIssued_lbl1" xml:lang="en-US">Number of warrants issued.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsIssued" xlink:to="pbm_NumberOfWarrantsIssued_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfWarrantsOutstanding_lbl4" xml:lang="en-US">Number of warrants outstanding.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsOutstanding" xlink:to="pbm_NumberOfWarrantsOutstanding_lbl4"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfWarrantsSharesEndingBalanceinShares_lbl0" xml:lang="en-US">Number of warrants shares ending balance.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsSharesEndingBalanceinShares" xlink:to="pbm_NumberOfWarrantsSharesEndingBalanceinShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NumberOfWarrantsSharesOpeningBalance_lbl0" xml:lang="en-US">Number of warrants shares opening balance.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsSharesOpeningBalance" xlink:to="pbm_NumberOfWarrantsSharesOpeningBalance_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_OtherComprehensiveIncomeLoss_lbl0" xml:lang="en-US">The amount of income and expense (including reclassification adjustments) that is not recognized in profit or loss as required or permitted by IFRSs. [Refer: IFRSs [member]]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_OtherComprehensiveIncomeLoss" xlink:to="pbm_OtherComprehensiveIncomeLoss_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_OwnedAmountOfService_lbl0" xml:lang="en-US">Owned amount of service.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_OwnedAmountOfService" xlink:to="pbm_OwnedAmountOfService_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PaidAmount_lbl0" xml:lang="en-US">The amount of paid amount.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PaidAmount" xlink:to="pbm_PaidAmount_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PercentageOfOutstandingShares_lbl0" xml:lang="en-US">Represents the percentage of outstanding shares.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PercentageOfOutstandingShares" xlink:to="pbm_PercentageOfOutstandingShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PercentageOfReasonablyPossibleChangeInRiskAssumption_lbl0" xml:lang="en-US">The reasonably possible percentage of the change in the designated risk component used to determine the value of the financial instrument.  Excludes defined benefit plan obligations.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PercentageOfReasonablyPossibleChangeInRiskAssumption" xlink:to="pbm_PercentageOfReasonablyPossibleChangeInRiskAssumption_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PercentageOwnershipInterest_lbl0" xml:lang="en-US">The percentage of ownership interest.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PercentageOwnershipInterest" xlink:to="pbm_PercentageOwnershipInterest_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PpurchasePricePerShares_lbl0" xml:lang="en-US">Purchase price per shares.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PpurchasePricePerShares" xlink:to="pbm_PpurchasePricePerShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PrefundedWarrants_lbl0" xml:lang="en-US">It represents fair value of allocated pre funded warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PrefundedWarrants" xlink:to="pbm_PrefundedWarrants_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PreviouslyHeldInterestRemeasuredToFairValueAtAcquisitionDateShares_lbl0" xml:lang="en-US">The number of previously held interest remeasured to fair value at acquisition date, shares.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PreviouslyHeldInterestRemeasuredToFairValueAtAcquisitionDateShares" xlink:to="pbm_PreviouslyHeldInterestRemeasuredToFairValueAtAcquisitionDateShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ProceedsFromContributionsOfParent_lbl0" xml:lang="en-US">The amount of proceeds from contributions of parent.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ProceedsFromContributionsOfParent" xlink:to="pbm_ProceedsFromContributionsOfParent_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ProceedsFromIssuanceOfFinancingDebt_lbl0" xml:lang="en-US">The cash inflow during the period from additional borrowings in aggregate debt. Includes proceeds from short-term and long-term debt.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ProceedsFromIssuanceOfFinancingDebt" xlink:to="pbm_ProceedsFromIssuanceOfFinancingDebt_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PromissoryNotesTextBlock_lbl0" xml:lang="en-US">The entire disclosure on promissory notes.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PromissoryNotesTextBlock" xlink:to="pbm_PromissoryNotesTextBlock_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PurchaseAgreement_lbl0" xml:lang="en-US">The amount of purchase agreement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PurchaseAgreement" xlink:to="pbm_PurchaseAgreement_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PurchaseOfCommonShares_lbl0" xml:lang="en-US">The number of common shares purchase.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PurchaseOfCommonShares" xlink:to="pbm_PurchaseOfCommonShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PurchasePricePerShare_lbl0" xml:lang="en-US">Purchase price per common shares.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PurchasePricePerShare" xlink:to="pbm_PurchasePricePerShare_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PurchaseValueOfCommonShares_lbl0" xml:lang="en-US">The amount of purchase value of common shares.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PurchaseValueOfCommonShares" xlink:to="pbm_PurchaseValueOfCommonShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_QuantityOfDigitalAssets_lbl0" xml:lang="en-US">Number of quantity.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_QuantityOfDigitalAssets" xlink:to="pbm_QuantityOfDigitalAssets_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_RemeasuredCarryingAmount_lbl0" xml:lang="en-US">The amount of remeasured carrying amount.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_RemeasuredCarryingAmount" xlink:to="pbm_RemeasuredCarryingAmount_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ResearchAndDevelopmentExpenditurePercentage_lbl0" xml:lang="en-US">Percentage of research and development expenditures.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ResearchAndDevelopmentExpenditurePercentage" xlink:to="pbm_ResearchAndDevelopmentExpenditurePercentage_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_RevaluationDecreaseOfDigitalAsset_lbl0" xml:lang="en-US">Amount of revaluation decrease.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_RevaluationDecreaseOfDigitalAsset" xlink:to="pbm_RevaluationDecreaseOfDigitalAsset_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ReverseTakeoverTransactionWithNcacTextBlock_lbl0" xml:lang="en-US">Reverse takeover transaction with NCAC</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ScheduleOfCarryingAmountOfInvestmentTableTextBlock_lbl0" xml:lang="en-US">The tabular disclosure of carrying amount of investment.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ScheduleOfClassificationAndMeasurementsOfFinancialAssetsAndLiabilitiesTextBlock_lbl0" xml:lang="en-US">The description of the entity&apos;s classification and measurements of financial assets and liabilities.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ScheduleOfEffectiveIncomeTaxRateReconciliationsTableTextBlock_lbl0" xml:lang="en-US">Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ScheduleOfIssuedAndOutstandingCommonSharesTableTextBlock_lbl0" xml:lang="en-US">Tabular disclosure of issued and outstanding common shares.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ScheduleOfIssuedAndOutstandingWarrantsTableTextBlock_lbl0" xml:lang="en-US">Tabular disclosure of issued and outstanding warrants.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ScheduleOfListingExpensesTableTextBlock_lbl0" xml:lang="en-US">The tabular disclosure of calculation of listing expenses.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ScheduleOfRestrictedStockUnitsRSUsTableTableTextBlock_lbl0" xml:lang="en-US">The entire tabular disclosure of restricted stock units (RSUs).</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ScheduleOfWarrantsWereOutstandingAndExercisableTableTextBlock_lbl0" xml:lang="en-US">Tabular disclosure of Warrants were outstanding and exercisable.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ShareIssueCostsBookedToEquity_lbl0" xml:lang="en-US">Share issue costs booked to equity.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ShareSettledIssuanceCostsCostsSettled_lbl0" xml:lang="en-US">The amount of share settled issuance costs settled during the period.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ShareWarrantIssued_lbl0" xml:lang="en-US">Share warrant issued.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_SignificantUnobservableInputEntitysOwnEquityInstrument_lbl1" xml:lang="en-US">The value of significant unobservable input used in the measurement of the fair value of entity&apos;s own equity instruments.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodShareIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCostsinShares_lbl0" xml:lang="en-US">Number of shares issuance of units for PIPE financing, net of issuance costs.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodShareStockSplits_lbl0" xml:lang="en-US">Description of the stock split arrangement. Also provide the retroactive effect given by a stock split that occurs after the balance date but before the release of financial statements.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForConvertibleNoteinShares_lbl0" xml:lang="en-US">Number of shares Issuance of shares for convertible note.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForDebtSettlement_lbl0" xml:lang="en-US">Number of issuance of shares for debt settlement.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForELOCNetOfIssuanceCostsinShares_lbl0" xml:lang="en-US">Number of shares issuance of shares for ELOC, net of issuance costs.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForELOCNetOfIssuanceCostsinShares" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForELOCNetOfIssuanceCostsinShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForPromissoryNotesinShares_lbl0" xml:lang="en-US">Number of shares issuance of shares for promissory notes.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForPsyenceLabsLtdSharesinShares_lbl0" xml:lang="en-US">Number of shares issuance of shares for psyence labs ltd shares.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantConversioninShares_lbl0" xml:lang="en-US">Number of shares issuance of shares for warrant conversion.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchange_lbl0" xml:lang="en-US">Represent the stock issued during period shares issuance of shares for warrant exchange.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchangeinShares_lbl0" xml:lang="en-US">Number of shares issuance of shares for warrant exchange.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchanges_lbl0" xml:lang="en-US">Number of shares issuance of shares for warrant exchange.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchanges" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchanges_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToNCACShareholders_lbl0" xml:lang="en-US">Number of issuance of shares to NCAC shareholders.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToPsyenceGroupInc_lbl0" xml:lang="en-US">Number of issuance of shares to Psyence Group Inc.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToThirdPartyAdvisors_lbl0" xml:lang="en-US">Number of issuance of shares to third party advisors.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToThirdPartyAdvisors" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToThirdPartyAdvisors_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuedForReverseTakeoverTransaction_lbl0" xml:lang="en-US">Number of stock issued during the period for reverse takeover transaction.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodSharesNewIssue_lbl0" xml:lang="en-US">Number of new stock issued during the period.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForConvertibleNote_lbl0" xml:lang="en-US">Represent the amount of issuance of shares for convertible note.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForDebtSettlement_lbl0" xml:lang="en-US">Value of issuance of shares for debt settlement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForDebtSettlement" xlink:to="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForDebtSettlement_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForELOCNetOfIssuanceCosts_lbl0" xml:lang="en-US">Represent the amount of issuance of shares for ELOC, net of issuance costs.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForInvestmentInAssociate_lbl0" xml:lang="en-US">Issuance of shares for investment in Associate.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForPromissoryNotes_lbl0" xml:lang="en-US">Represent the amount of issuance of shares for promissory notes.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForPsyenceLabsLtdShares_lbl0" xml:lang="en-US">Represent the amount of issuance of shares for Psyence Labs Ltd shares.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesForWarrantExchange_lbl0" xml:lang="en-US">Represent  the amount of issuance of shares for warrant exchange.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesToNCACShareholders_lbl0" xml:lang="en-US">Value of issuance of shares to NCAC shareholders.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfSharesToThirdPartyAdvisors_lbl0" xml:lang="en-US">Value of issuance of shares to third party advisors.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_StockIssuedDuringPeriodValueIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCosts_lbl0" xml:lang="en-US">Represent the amount of issuance of units for PIPE financing, net of issuance costs.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_SubscriptionAgreementOfAdditionalShares_lbl0" xml:lang="en-US">Subscription agreement of additional shares.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_SubscriptionAmount_lbl0" xml:lang="en-US">Represents the subscription amounts.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_SummaryOfOperatingLossCarryForwardsTableTextBlock_lbl0" xml:lang="en-US">Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carry forwards, including an assessment of the likelihood of utilization.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_TaxEffectFromChangeInTaxBenefitsNotRecognized_lbl0" xml:lang="en-US">The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to change in tax benefits not recognized.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_TaxEffectOflistingExpense_lbl0" xml:lang="en-US">The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to listing expense.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TaxEffectOflistingExpense" xlink:to="pbm_TaxEffectOflistingExpense_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_TaxEffectOfotherPermanentExpenses_lbl0" xml:lang="en-US">The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to other permanent expenses.</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ThirdPartyAdvisorsShareIssuance_lbl0" xml:lang="en-US">Adjustments for third party advisors share issuance to reconcile operating profit (loss) to net cash flow from (used in) operating activities. [Refer: Operating profit (loss), operating]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ThirdPartyInvestor_lbl0" xml:lang="en-US">Represent the amount of third-party investor.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ThirdPartyInvestor" xlink:to="pbm_ThirdPartyInvestor_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_TotalInvestmentInAssociateAtAcquisitionDateAmount_lbl0" xml:lang="en-US">The amount of investments in associates acquisition date.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TotalInvestmentInAssociateAtAcquisitionDateAmount" xlink:to="pbm_TotalInvestmentInAssociateAtAcquisitionDateAmount_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_TotalPurchasePrice_lbl0" xml:lang="en-US">Total purchase price.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TotalPurchasePrice" xlink:to="pbm_TotalPurchasePrice_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_TradingPricePerShares_lbl0" xml:lang="en-US">Price of a single share of a number of closing trading price of a company.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TradingPricePerShares" xlink:to="pbm_TradingPricePerShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_TransactionExpense_lbl1" xml:lang="en-US">The amount of transaction expense.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TransactionExpense" xlink:to="pbm_TransactionExpense_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_UnrealizedFairValueGain_lbl0" xml:lang="en-US">Represent the amount of unrealized fair value gain.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_UnrealizedFairValueGain" xlink:to="pbm_UnrealizedFairValueGain_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_WarrantExchange_lbl0" xml:lang="en-US">The amount of Warrant exchange.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantExchange" xlink:to="pbm_WarrantExchange_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_WarrantExpiryDate_lbl0" xml:lang="en-US">Warrant, expiry date.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantExpiryDate" xlink:to="pbm_WarrantExpiryDate_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_WarrantSettledIssuanceCosts_lbl0" xml:lang="en-US">The amount of share settled issuance costs settled during the period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantSettledIssuanceCosts" xlink:to="pbm_WarrantSettledIssuanceCosts_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_WarrantsAndRightsTerm_lbl0" xml:lang="en-US">Period between issuance and expiration of outstanding warrant and right embodying unconditional obligation requiring redemption by transferring asset at specified or determinable date or upon event certain to occur, in &apos;PnYnMnDTnHnMnS&apos; format, for example, &apos;P1Y5M13D&apos; represents reported fact of one year, five months, and thirteen days.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsAndRightsTerm" xlink:to="pbm_WarrantsAndRightsTerm_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_WarrantsExercisePrice_lbl0" xml:lang="en-US">Represent the exercise price of warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsExercisePrice" xlink:to="pbm_WarrantsExercisePrice_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_WarrantsExpiryDate_lbl0" xml:lang="en-US">Represent the date of warrants expires.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsExpiryDate" xlink:to="pbm_WarrantsExpiryDate_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_WarrantsIssuedForConvertibleNoteTerminationAgreement_lbl0" xml:lang="en-US">The amount of warrants issued for convertible note termination agreement.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsIssuedForConvertibleNoteTerminationAgreement" xlink:to="pbm_WarrantsIssuedForConvertibleNoteTerminationAgreement_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_WarrantsOrRightsExpirationDate_lbl0" xml:lang="en-US">Date which warrants or rights is set to expire, in YYYY-MM-DD format.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsOrRightsExpirationDate" xlink:to="pbm_WarrantsOrRightsExpirationDate_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_WeightedAverageExercisePriceWarrantExchange_lbl0" xml:lang="en-US">Represent the weighted average exercise price warrant exchange.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WeightedAverageExercisePriceWarrantExchange" xlink:to="pbm_WeightedAverageExercisePriceWarrantExchange_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_IfrsClassOfWarrantOrRightAxis_lbl0" xml:lang="en-US">Information by type of warrant or right issued.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IfrsClassOfWarrantOrRightAxis" xlink:to="pbm_IfrsClassOfWarrantOrRightAxis_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_IfrsTaxPeriodAxis_lbl0" xml:lang="en-US">N/A</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IfrsTaxPeriodAxis" xlink:to="pbm_IfrsTaxPeriodAxis_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ReverseTakeoverTransactionWithNcacAxis_lbl0" xml:lang="en-US">The axis of a table defines the relationship between the members in the table and the line items or concepts that complete the table.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ReverseTakeoverTransactionWithNcacAxis" xlink:to="pbm_ReverseTakeoverTransactionWithNcacAxis_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_DiscountRateSharesMeasurementInputMember_lbl0" xml:lang="en-US">This member stands for a discount rate, shares used as a measurement input used in valuation techniques based on a present value calculation.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DiscountRateSharesMeasurementInputMember" xlink:to="pbm_DiscountRateSharesMeasurementInputMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ExercisePriceMeasurementInputMember_lbl1" xml:lang="en-US">This member stands for exercise price used as a measurement input.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExercisePriceMeasurementInputMember" xlink:to="pbm_ExercisePriceMeasurementInputMember_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ExpectedDividendYieldMeasurementInputMember_lbl1" xml:lang="en-US">This member stands for expected dividend yield used as a measurement input.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpectedDividendYieldMeasurementInputMember" xlink:to="pbm_ExpectedDividendYieldMeasurementInputMember_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ExpectedLifeMeasurementInputMember_lbl0" xml:lang="en-US">This member stands for expected life used as a measurement input.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpectedLifeMeasurementInputMember" xlink:to="pbm_ExpectedLifeMeasurementInputMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_FirstTrancheNoteMember_lbl0" xml:lang="en-US">This member stands for First tranche note.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_FirstTrancheNoteMember" xlink:to="pbm_FirstTrancheNoteMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_IfrsAccountsPayableAndAccruedLiabilitiesMember_lbl0" xml:lang="en-US">Primary financial statement caption encompassing accounts payable and accrued liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IfrsAccountsPayableAndAccruedLiabilitiesMember" xlink:to="pbm_IfrsAccountsPayableAndAccruedLiabilitiesMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_IndefinitePeriodMember_lbl0" xml:lang="en-US">Represents the indefinite period.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IndefinitePeriodMember" xlink:to="pbm_IndefinitePeriodMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_InvestorsMember_lbl0" xml:lang="en-US">This member stands for investors.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_InvestorsMember" xlink:to="pbm_InvestorsMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_NcacMember_lbl0" xml:lang="en-US">This member stands for Newcourt Acquisition Corp (NCAC).</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NcacMember" xlink:to="pbm_NcacMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PrivateWarrantsMember_lbl0" xml:lang="en-US">This member stands for private warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PrivateWarrantsMember" xlink:to="pbm_PrivateWarrantsMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PublicWarrantsMember_lbl1" xml:lang="en-US">This member stands for public warrants.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PublicWarrantsMember" xlink:to="pbm_PublicWarrantsMember_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_PysenceBiomedIICorpMember_lbl0" xml:lang="en-US">This member stands for Pysence Biomed II Corp.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PysenceBiomedIICorpMember" xlink:to="pbm_PysenceBiomedIICorpMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_SharePriceMeasurementInputMember_lbl0" xml:lang="en-US">This member stands for share price used as a measurement input.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_SharePriceMeasurementInputMember" xlink:to="pbm_SharePriceMeasurementInputMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_TaxYear2044Member_lbl0" xml:lang="en-US">Identified as tax year 2044.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TaxYear2044Member" xlink:to="pbm_TaxYear2044Member_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_ThirdPartyAdvisorsMember_lbl0" xml:lang="en-US">This member stands for third party advisors.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ThirdPartyAdvisorsMember" xlink:to="pbm_ThirdPartyAdvisorsMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_UnsecuredConvertiblePromissoryNotesMember_lbl0" xml:lang="en-US">Represents information pertaining to unsecured convertible promissory note.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_UnsecuredConvertiblePromissoryNotesMember" xlink:to="pbm_UnsecuredConvertiblePromissoryNotesMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="pbm_WarrantLiabilitiesMember_lbl0" xml:lang="en-US">This member stands for warrant liabilities.</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantLiabilitiesMember" xlink:to="pbm_WarrantLiabilitiesMember_lbl0"/>
    <loc xlink:type="locator" xlink:label="dei_AddressTypeDomain" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AddressTypeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AddressTypeDomain_lbl" xml:lang="en-US">Address Type [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AddressTypeDomain" xlink:to="dei_AddressTypeDomain_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl0" xml:lang="en-US">Additions other than through business combinations, property, plant and equipment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsPropertyPlantAndEquipment_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl0" xml:lang="en-US">Basic earnings (loss) per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicEarningsLossPerShare" xlink:to="ifrs-full_BasicEarningsLossPerShare_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_IfrsAccountsPayableAndAccruedLiabilitiesMember_lbl1" xml:lang="en-US">Ifrs Accounts Payable And Accrued Liabilities Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IfrsAccountsPayableAndAccruedLiabilitiesMember" xlink:to="pbm_IfrsAccountsPayableAndAccruedLiabilitiesMember_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAbstract_lbl0" xml:lang="en-US">Assets [abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAbstract" xlink:to="ifrs-full_AssetsAbstract_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncome_lbl0" xml:lang="en-US">Comprehensive income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncome" xlink:to="ifrs-full_ComprehensiveIncome_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_AmountOfWarrantsOpeningBalance_lbl1" xml:lang="en-US">Amount Of Warrants Opening Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfWarrantsOpeningBalance" xlink:to="pbm_AmountOfWarrantsOpeningBalance_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_DisclosureOfPrivateWarrantExplanatory_lbl1" xml:lang="en-US">Disclosure Of Private Warrant Explanatory</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfPrivateWarrantExplanatory" xlink:to="pbm_DisclosureOfPrivateWarrantExplanatory_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl0" xml:lang="en-US">Deferred tax liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxLiabilities" xlink:to="ifrs-full_DeferredTaxLiabilities_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl0" xml:lang="en-US">Accumulated depreciation and amortisation [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:to="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesToPsyenceGroupInc_lbl1" xml:lang="en-US">Stock Issued During Period Shares Issuance Of Shares To Psyence Group Inc</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarningsMember_lbl0" xml:lang="en-US">Retained earnings [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarningsMember" xlink:to="ifrs-full_RetainedEarningsMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestReceivable_lbl0" xml:lang="en-US">Interest receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestReceivable" xlink:to="ifrs-full_InterestReceivable_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentAssets_lbl0" xml:lang="en-US">Current assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentAssets" xlink:to="ifrs-full_CurrentAssets_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_NetProceedsReceivedFromELOC_lbl1" xml:lang="en-US">Net Proceeds Received From ELOC</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NetProceedsReceivedFromELOC" xlink:to="pbm_NetProceedsReceivedFromELOC_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_WarrantsEachExercisableToPurchaseOneCommonShareAtAnExercisePriceOf4296328PerShareMember_lbl0" xml:lang="en-US">Warrants Each Exercisable To Purchase One Common Share At An Exercise Price Of4296328 Per Share Member</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_FairValuegainlossOnWarrantLiability_lbl2" xml:lang="en-US">Fair Valuegainloss On Warrant Liability</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_PaidAmount_lbl1" xml:lang="en-US">Paid Amount</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl0" xml:lang="en-US">Trading Symbol</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl0" xml:lang="en-US">Cash flows from (used in) operating activities</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl0" xml:lang="en-US">City Area Code</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_FairValuePerUnitOfDigitalAsset_lbl1" xml:lang="en-US">Fair Value Per Unit Of Digital Asset</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl0" xml:lang="en-US">Entity Address, City or Town</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ResearchAndDevelopmentExpense_lbl0" xml:lang="en-US">Research and development expense</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl0" xml:lang="en-US">Entity Address, State or Province</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl0" xml:lang="en-US">Entity Shell Company</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Equity_lbl3" xml:lang="en-US">Equity</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_NCACNoteMember_lbl0" xml:lang="en-US">NCACNote Member</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ScheduleOfRestrictedStockUnitsRSUsTableTableTextBlock_lbl1" xml:lang="en-US">Schedule Of Restricted Stock Units RSUs Table Table Text Block</label>
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    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfFairValueAllocationAbstract" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfFairValueAllocationAbstract"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalents_lbl3" xml:lang="en-US">Cash and cash equivalents</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WarrantReserve_lbl1" xml:lang="en-US">Warrant reserve</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SalesAndMarketingExpense_lbl0" xml:lang="en-US">Sales and marketing expense</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_EthereumMember_lbl0" xml:lang="en-US">Ethereum Member</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary_lbl0" xml:lang="en-US">Country of incorporation of subsidiary</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherPayablesToTradeSuppliers_lbl0" xml:lang="en-US">Trade payables</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_InvestmentInDigitalAssetsMember_lbl0" xml:lang="en-US">Investment In Digital Assets Member</label>
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    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfEquipmentAbstract" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfEquipmentAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ScheduleOfEquipmentAbstract_lbl" xml:lang="en-US">Schedule Of Equipment Abstract</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfEquipmentAbstract" xlink:to="pbm_ScheduleOfEquipmentAbstract_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_IfrsTaxPeriodAxis_lbl1" xml:lang="en-US">Ifrs Tax Period Axis</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_IfrsTaxPeriodAxis" xlink:to="pbm_IfrsTaxPeriodAxis_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromIssuingShares_lbl0" xml:lang="en-US">Proceeds from issuing shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssuingShares" xlink:to="ifrs-full_ProceedsFromIssuingShares_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ExpectedDividendYieldWarrantMember_lbl0" xml:lang="en-US">Expected Dividend Yield Warrant Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExpectedDividendYieldWarrantMember" xlink:to="pbm_ExpectedDividendYieldWarrantMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_DiscountRateSharesMeasurementInputMember_lbl1" xml:lang="en-US">Discount Rate Shares Measurement Input Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DiscountRateSharesMeasurementInputMember" xlink:to="pbm_DiscountRateSharesMeasurementInputMember_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_DeferredTaxLiabilityAbstract_lbl0" xml:lang="en-US">Deferred Tax Liability Abstract</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DeferredTaxLiabilityAbstract" xlink:to="pbm_DeferredTaxLiabilityAbstract_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl0" xml:lang="en-US">Amendment Flag</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_DisclosureOfDigitalAssets_lbl1" xml:lang="en-US">Disclosure Of Digital Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfDigitalAssets" xlink:to="pbm_DisclosureOfDigitalAssets_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_AU_lbl0" xml:lang="en-US">AUSTRALIA</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_AU" xlink:to="country_AU_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="cyd_CybersecurityRiskManagementProcessesIntegratedFlag_lbl0" xml:lang="en-US">Cybersecurity Risk Management Processes Integrated [Flag]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cyd_CybersecurityRiskManagementProcessesIntegratedFlag" xlink:to="cyd_CybersecurityRiskManagementProcessesIntegratedFlag_lbl0"/>
    <loc xlink:type="locator" xlink:label="cyd_CybersecurityRiskManagementStrategyAndGovernanceAbstract" xlink:href="https://xbrl.sec.gov/cyd/2025/cyd-2025.xsd#cyd_CybersecurityRiskManagementStrategyAndGovernanceAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="cyd_CybersecurityRiskManagementStrategyAndGovernanceAbstract_lbl" xml:lang="en-US">Cybersecurity Risk Management, Strategy, and Governance [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cyd_CybersecurityRiskManagementStrategyAndGovernanceAbstract" xlink:to="cyd_CybersecurityRiskManagementStrategyAndGovernanceAbstract_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_lbl0" xml:lang="en-US">Description of accounting policy for investment in associates [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociates_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl0" xml:lang="en-US">Entity Central Index Key</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ecd_InsiderTrdPoliciesProcAdoptedFlag_lbl0" xml:lang="en-US">Insider Trading Policies and Procedures Adopted [Flag]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ecd_InsiderTrdPoliciesProcAdoptedFlag" xlink:to="ecd_InsiderTrdPoliciesProcAdoptedFlag_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl0" xml:lang="en-US">Entity Address, Country</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditorLocation_lbl0" xml:lang="en-US">Auditor Location</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditorLocation" xlink:to="dei_AuditorLocation_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl0" xml:lang="en-US">Document Annual Report</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl0" xml:lang="en-US">Proportion of ownership interest in subsidiary</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchange_lbl1" xml:lang="en-US">Stock Issued During Period Shares Issuance Of Shares For Warrant Exchange</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchange" xlink:to="pbm_StockIssuedDuringPeriodSharesIssuanceOfSharesForWarrantExchange_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ExercisePriceWarrantMember_lbl0" xml:lang="en-US">Exercise Price Warrant Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ExercisePriceWarrantMember" xlink:to="pbm_ExercisePriceWarrantMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CA_lbl0" xml:lang="en-US">CANADA</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CA" xlink:to="country_CA_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForDebtSettlementinDollars_lbl1" xml:lang="en-US">Amount Of Common Shares Shares Issued For Debt Settlementin Dollars</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedForDebtSettlementinDollars" xlink:to="pbm_AmountOfCommonSharesSharesIssuedForDebtSettlementinDollars_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssuedCapital_lbl3" xml:lang="en-US">Issued capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital_lbl3"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants_lbl0" xml:lang="en-US">Description of accounting policy for government grants [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForGovernmentGrants_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIssuedCapitalExplanatory_lbl0" xml:lang="en-US">Disclosure of issued capital [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIssuedCapitalExplanatory" xlink:to="ifrs-full_DisclosureOfIssuedCapitalExplanatory_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_TaxEffectOfotherPermanentExpenses_lbl1" xml:lang="en-US">Tax Effect Ofother Permanent Expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_TaxEffectOfotherPermanentExpenses" xlink:to="pbm_TaxEffectOfotherPermanentExpenses_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_NumberOfCommonSharesShareIssuanceToPGI_lbl1" xml:lang="en-US">Number Of Common Shares Share Issuance To PGI</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfCommonSharesShareIssuanceToPGI" xlink:to="pbm_NumberOfCommonSharesShareIssuanceToPGI_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_WarrantsExercisePrice_lbl1" xml:lang="en-US">Warrants Exercise Price</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_WarrantsExercisePrice" xlink:to="pbm_WarrantsExercisePrice_lbl1"/>
    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfWarrantTransactionsAbstract" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfWarrantTransactionsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ScheduleOfWarrantTransactionsAbstract_lbl" xml:lang="en-US">Schedule Of Warrant Transactions Abstract</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_ScheduleOfWarrantTransactionsAbstract" xlink:to="pbm_ScheduleOfWarrantTransactionsAbstract_lbl"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_lbl0" xml:lang="en-US">Description of accounting policy for share-based payment transactions [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_NumberOfWarrantsSharesOpeningBalance_lbl1" xml:lang="en-US">Number Of Warrants Shares Opening Balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsSharesOpeningBalance" xlink:to="pbm_NumberOfWarrantsSharesOpeningBalance_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_AmountOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised_lbl1" xml:lang="en-US">Amount Of Common Shares Shares Issued For PIPEPrefunded Warrants Exercised</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised" xlink:to="pbm_AmountOfCommonSharesSharesIssuedForPIPEPrefundedWarrantsExercised_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_EquityLineOfCredit_lbl1" xml:lang="en-US">Equity Line Of Credit</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_EquityLineOfCredit" xlink:to="pbm_EquityLineOfCredit_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl0" xml:lang="en-US">Entity Registrant Name</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_GainOnDebtSettlements_lbl1" xml:lang="en-US">Gain On Debt Settlements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_GainOnDebtSettlements" xlink:to="pbm_GainOnDebtSettlements_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_LoanCarryingAmountAbstract_lbl0" xml:lang="en-US">Loan Carrying Amount Abstract</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_LoanCarryingAmountAbstract" xlink:to="pbm_LoanCarryingAmountAbstract_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory_lbl0" xml:lang="en-US">Description of accounting policy for research and development expense [text block]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_OtherReceivablesMember_lbl0" xml:lang="en-US">Other Receivables Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_OtherReceivablesMember" xlink:to="pbm_OtherReceivablesMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfOutstandingShareOptions_lbl1" xml:lang="en-US">Number of share options outstanding in share-based payment arrangement</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfOutstandingShareOptions" xlink:to="ifrs-full_NumberOfOutstandingShareOptions_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_DeferredTaxAssetAbstract_lbl0" xml:lang="en-US">Deferred Tax Asset Abstract</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DeferredTaxAssetAbstract" xlink:to="pbm_DeferredTaxAssetAbstract_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_DisclosureOfTotalManagedCapitalTableTextBlock_lbl1" xml:lang="en-US">Disclosure Of Total Managed Capital Table Text Block</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_DisclosureOfTotalManagedCapitalTableTextBlock" xlink:to="pbm_DisclosureOfTotalManagedCapitalTableTextBlock_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_AmountOfIssuanceCostsForPIPEFinancingWarrants_lbl1" xml:lang="en-US">Amount Of Issuance Costs For PIPEFinancing Warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_AmountOfIssuanceCostsForPIPEFinancingWarrants" xlink:to="pbm_AmountOfIssuanceCostsForPIPEFinancingWarrants_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsInterestRate_lbl1" xml:lang="en-US">Borrowings, interest rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsInterestRate" xlink:to="ifrs-full_BorrowingsInterestRate_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_NumberOfWarrantsOutstanding_lbl5" xml:lang="en-US">Number Of Warrants Outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_NumberOfWarrantsOutstanding" xlink:to="pbm_NumberOfWarrantsOutstanding_lbl5"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_DisclosureOfDetailedInformationAboutPrepaidExpensesExplanatoryTableTextBlock_lbl1" xml:lang="en-US">Disclosure Of Detailed Information About Prepaid Expenses Explanatory Table Text Block</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_PromissoryNotesTextBlock_lbl1" xml:lang="en-US">Promissory Notes Text Block</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_PreviouslyHeldInterestRemeasuredToFairValueAtAcquisitionDateShares_lbl1" xml:lang="en-US">Previously Held Interest Remeasured To Fair Value At Acquisition Date Shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PreviouslyHeldInterestRemeasuredToFairValueAtAcquisitionDateShares" xlink:to="pbm_PreviouslyHeldInterestRemeasuredToFairValueAtAcquisitionDateShares_lbl1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_PsyenceAustraliaPtyLtdMember_lbl0" xml:lang="en-US">Psyence Australia Pty Ltd Member</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="pbm_PsyenceAustraliaPtyLtdMember" xlink:to="pbm_PsyenceAustraliaPtyLtdMember_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfessionalFeesExpense_lbl0" xml:lang="en-US">Professional fees expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfessionalFeesExpense" xlink:to="ifrs-full_ProfessionalFeesExpense_lbl0"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WarrantsMember_lbl1" xml:lang="en-US">Warrants [member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WarrantsMember" xlink:to="ifrs-full_WarrantsMember_lbl1"/>
    <loc xlink:type="locator" xlink:label="ecd_InsiderTradingArrLineItems" xlink:href="https://xbrl.sec.gov/ecd/2025/ecd-2025.xsd#ecd_InsiderTradingArrLineItems"/>
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    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfWarrantsOutstandingAndExercisableAbstract" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfWarrantsOutstandingAndExercisableAbstract"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory_lbl0" xml:lang="en-US">Description of accounting policy for transactions with related parties [text block]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_StockIssuedDuringPeriodShareIssuanceOfUnitsForPIPEFinancingNetOfIssuanceCostsinShares_lbl1" xml:lang="en-US">Stock Issued During Period Share Issuance Of Units For PIPEFinancing Net Of Issuance Costsin Shares</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_ResearchAndDevelopmentExpenditurePercentage_lbl1" xml:lang="en-US">Research And Development Expenditure Percentage</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustedWeightedAverageShares_lbl0" xml:lang="en-US">Weighted average number of ordinary shares used in calculating diluted earnings per share</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_KAOSGroupMember_lbl0" xml:lang="en-US">KAOSGroup Member</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfRiskFreeInterestRateShareOptionsGranted_lbl0" xml:lang="en-US">Risk free interest rate, share options granted</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_NumberOfShareIssuedWarrantLiability_lbl2" xml:lang="en-US">Number Of Share Issued Warrant Liability</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation_lbl0" xml:lang="en-US">Other comprehensive income, net of tax, exchange differences on translation of foreign operations</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_NondeductibleRampDCosts_lbl1" xml:lang="en-US">Nondeductible Ramp DCosts</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_AmountOfPIPEFinancingWarrantIssuance_lbl1" xml:lang="en-US">Amount Of PIPEFinancing Warrant Issuance</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_AccumulatedDepreciationAbstract_lbl0" xml:lang="en-US">Accumulated Depreciation Abstract</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_SharePriceWarrantMember_lbl0" xml:lang="en-US">Share Price Warrant Member</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_IssuanceOfSharesOnExerciseOfRSUs_lbl1" xml:lang="en-US">Issuance Of Shares On Exercise Of RSUs</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl0" xml:lang="en-US">Purchase of property, plant and equipment, classified as investing activities</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_NonCapitalLossCarryForwards_lbl1" xml:lang="en-US">Non Capital Loss Carry Forwards</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherCurrentPayables_lbl0" xml:lang="en-US">Trade and other current payables</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_TotalInvestmentInAssociateAtAcquisitionDateAmount_lbl1" xml:lang="en-US">Total Investment In Associate At Acquisition Date Amount</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_NumberOfSharesPIPEFinancingWarrantIssuanceCosts_lbl1" xml:lang="en-US">Number Of Shares PIPEFinancing Warrant Issuance Costs</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory_lbl0" xml:lang="en-US">Disclosure of cash and cash equivalents [text block]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClosingForeignExchangeRate_lbl0" xml:lang="en-US">Closing foreign exchange rate</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="pbm_FirstTrancheNotesMember_lbl0" xml:lang="en-US">First Tranche Notes Member</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl0" xml:lang="en-US">Entity Ex Transition Period</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComputerEquipmentMember_lbl1" xml:lang="en-US">Computer equipment [member]</label>
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    <loc xlink:type="locator" xlink:label="pbm_ScheduleOfUsingTheBlackScholesPricingModelAbstract" xlink:href="pbm-20260331.xsd#pbm_ScheduleOfUsingTheBlackScholesPricingModelAbstract"/>
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