PSYC CORP Stock Price, News & Analysis

Global Trac Solutions (OTCPink: PSYC) is engaging with California Senator Scott Wiener regarding Senate Bill 519, which seeks to decriminalize certain psychedelics. Recently passed in the California Senate with a 21-16 vote, the bill now moves to the state Assembly. CEO David Flores acknowledges challenges ahead but views the Senate's approval as a significant step toward broader acceptance of psychedelics. Senator Wiener highlights the potential of psychedelics in addressing mental health crises, emphasizing the need for institutional support and further research.

Global Trac Solutions, Inc. (OTCPink: PSYC) has engaged M&K CPAS PLLC to audit its financials through December 31, 2020. The audit aims to bring PSYC's financial statements current, following previously filed audits for 2017, 2018, and 2019. CEO David Flores emphasized the importance of this audit for enhancing transparency and positioning the company as a reporting entity under the Securities Exchange Act of 1934. The company will keep shareholders updated on the audit's progress as it seeks to capitalize on opportunities in the medicinal psychedelics sector.

PSYC, a leader in the medicinal psychedelics sector, announced record-high page views for its Psychedelic Spotlight media platform, with nearly 125K views in May, surpassing 105K views in April. This growth indicates a significant increase in audience engagement as the psychedelics industry gains mainstream attention. CEO David Flores emphasized the strategic importance of building a substantial following, highlighting the company's commitment to harnessing its media platform's potential to deliver value to investors.

Global Trac Solutions, Inc. (OTCPink: PSYC) announced significant growth in its digital media platform, Psychedelic Spotlight, which achieved nearly 105K page views in April 2021. This record is attributed to increasing public interest in medicinal psychedelics and enhanced content production, including the new Spotlight Roundup video series. Additionally, the platform garnered over one million impressions across search and social media. CEO David Flores emphasized ongoing initiatives focused on audience growth to drive revenue and maintain industry leadership in the psychedelics sector.

Global Trac Solutions, Inc. (PSYC) reported positive developments regarding its investment in The Conscious Fund, a venture capital fund targeting the medicinal psychedelics sector. The company completed its initial investment in January and notes that the Fund has significantly enhanced its portfolio, now including companies like Wesana Health, which raised CAD $16.1 million, and April 19 Discovery, demonstrating profitability. CEO David Flores highlighted the potential of the psychedelics market, forecasted to reach $6.85 billion by 2027, reinforcing PSYC's strategic position within this emerging industry.

Global Trac Solutions, Inc. (OTCPink: PSYC) announced that CEO David Flores will appear on Cheddar TV on April 27, 2021, at 3:10 PM ET to discuss the evolving medicinal psychedelic industry. The segment aims to highlight the potential of psychedelics in addressing mental health issues, as societal perceptions shift towards acceptance. PSYC positions itself as a leader in this emerging sector, advocating for the therapeutic benefits of psychedelics while also addressing the pressing mental health crisis. A recording of the segment will be available on PSYC's platforms following the live broadcast.

Global Trac Solutions, Inc. (OTCPink: PSYC) has announced significant progress in its partnership with PsycheDev, Inc. since acquiring a 15% stake in January. The upcoming app focuses on enhancing mental well-being through interactive sessions and proven tools. Key advancements include completed prototypes and a Montreal-based development agency secured for app creation. CEO Justin Roy expresses optimism for a soft launch by Q3 2021. The collaboration aligns with the growing interest in digital mental health tools amid expanding acceptance of psychedelic therapies.

Global Trac Solutions (OTCPink: PSYC) has relocated its headquarters to Oregon, the first state to implement a regulated psilocybin therapy program. This strategic move, announced on April 14, 2021, aligns with Oregon's pioneering role in the medicinal psychedelic industry, especially following the passage of Measure 109. CEO David Flores emphasized the company's commitment to becoming a leading source of information and opportunities in the psychedelic sector. The relocation aims to enhance PSYC's influence and capitalize on the industry's growth, potentially surpassing that of cannabis.

Global Trac Solutions, Inc. (OTCPink: PSYC) has launched the Spotlight Roundup, a bi-monthly video series focused on the medicinal psychedelics sector. Produced with Elk’s Pride Pictures, the series aims to inform viewers about recent developments in this evolving industry. CEO David Flores emphasized its potential to position PSYC as a leading news resource. The company intends to eventually shift to a weekly format, enhancing engagement and revenue through sponsorships. The move highlights the growing interest in psychedelics, supported by changing regulations and increased public company presence.