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PSYC Corporation (OTCPink: PSYC) has closed an amended definitive agreement for its subsidiary, Spotlight Media Corp, to acquire media-related assets from Technical420, LLC, valued at $2.25 million USD. The transaction is expected to enhance PSYC's business and revenue expansion while diversifying its reach into the cannabis sector. CEO David Flores emphasizes the importance of this acquisition for establishing a multimedia ecosystem that integrates cannabis and psychedelic content. Michael Berger, founder of Technical420, will join as COO, focusing on asset integration and growth strategies.
PSYC Corporation (OTCPink: PSYC) has partnered with Nucleus Holding Inc. to launch Psychedelic Finder, an integrated technology platform aimed at connecting consumers with psychedelic services. The partnership will be governed by a Limited Liability Operating Agreement signed on September 2, 2022, and will involve PSYC holding a 60% share. The platform aims to foster a supportive community for users exploring psychedelic healing options. A public launch is anticipated within 30-60 days. The initiative is seen as a strategic move to enhance PSYC's presence in the psychedelic sector.
PSYC Corporation (OTCPink: PSYC) has announced that its platform, Psychedelic Spotlight, achieved over 1.24 million Page Views in August 2022, setting records for Page Views, Impressions, Organic Visits, and Click Thru Rate (CTR). This milestone highlights a significant growth of 431% in Page Views year-over-year. The management emphasized their focus on capitalizing on this growth to explore potential revenue-generating opportunities and partnerships.
PSYC Corporation (OTCPink: PSYC) published its 2021 Audited Financials, marking a significant milestone in its journey towards SEC compliance and an OTCQB uplisting. Following the 2020 audit completion in March, the company plans to audit Q1 and Q2 of 2022. CEO David Flores highlighted the success of establishing Psychedelic Spotlight as a leading information resource in the psychedelic sector and anticipates bolstering revenue through the upcoming acquisition of Technical 420, LLC. The completion of these audits is seen as crucial for enhancing market visibility and shareholder value.
PSYC Corporation (OTCPink: PSYC) is advancing its Bonfire project in partnership with Digital Acorn Ltd., aiming to engage a community around self-care practices for altered states of consciousness. A virtual event is scheduled for August 29, 2022, featuring community updates, guided meditation, and opportunities to join Bonfire’s 'Campfire Crew.' CEO David Flores emphasizes the growing interest in psychedelics for healing, while the project aims to create an inclusive and safe environment for personal growth. PSYC is positioning itself at the forefront of the psychedelic revolution, leveraging media and technology for community development.
PSYC Corporation (OTCPink: PSYC) has appointed Sacha G. Hebbert as Chief Operating Officer of its subsidiary, Spotlight Media Corporation (SMC). This strategic move aims to leverage her extensive experience in content marketing to enhance SMC's operations, focusing on the growing psychedelic and cannabis sectors. The company has launched SMC’s new website to showcase its media production services. Additionally, PSYC is optimistic about future growth, particularly in response to upcoming market catalysts and the recovery of the cannabis and psychedelic sectors.
PSYC Corporation (OTCPink: PSYC) has signed a definitive agreement for its subsidiary, Spotlight Media Corp., to acquire Technical420, LLC and certain assets from SB Partners, LLC for $2.25 million. The deal, structured in tranches tied to revenue benchmarks, is expected to enhance PSYC's market presence in the cannabis and psychedelic sectors. Michael Berger, founder of T420, will join as COO, focusing on growth and integration strategies. Management anticipates immediate revenue generation from existing clients and synergies between the acquired platforms.
PSYC Corporation (OTCPink: PSYC) announced its platform, Psychedelic Spotlight, achieved significant milestones in July 2022, surpassing 1.2 million page views and setting records in several KPIs such as impressions and organic visits. The platform saw a 639% year-over-year growth in page views compared to July 2021. PSYC’s CEO highlighted the platform's evolution from an obscure site to a leading source in psychedelic news. The company also noted increased investor interest, with PSYC stock gaining 20% in July, amid a growing market for medicinal psychedelics.
PSYC Corporation (OTCPink: PSYC) announced the consolidation of 49 convertible debentures, lowering the interest rate from 10% to 7%. This move aims to enhance the Company's balance sheet by reducing the total owed to debenture holders, primarily RB Capital Partners, Inc. The consolidation is part of a broader strategy to acquire strategic assets and prepare for an up-listing to OTCQB. Management expects to unveil more developments in the coming quarter, reinforcing their commitment to maximizing shareholder value.
PSYC Corporation (OTCPink: PSYC) announced its flagship platform, Psychedelic Spotlight, achieved over one million page views in June, marking consecutive months of this milestone. In Q2 2022, PSYC reported revenues exceeding $17K, with significant growth metrics: page views up 45% QoQ and 708% YoY. The company aims to leverage growth in the psychedelic space and related sectors, anticipating a surge in revenue driven by a projected $9.8 billion U.S. market by 2029. Management expresses optimism about their strategic positioning in the emerging psychedelic industry.