Business
PSYC Eyes Future Media Expansion & Diversification Possibilities with Launch of Spotlight Media Corp. Subsidiary
PSYC Eyes Future Media Expansion & Diversification Possibilities with Launch of Spotlight Media Corp. Subsidiary.
About this update from Psyc Corporation
[{"type":"text","content":"\n LAKE OSWEGO,OR, March 08, 2022 (GLOBE NEWSWIRE) -- PSYC Corporation (OTCPink: PSYC) (“Global” “PSYC” or the “Company”) a media leader for the emerging medicinal psychedelics sector, and authorities behind Psychedelic Spotlight, a top ranking psychedelic news and information platform, is pleased to announce that the Company incorporated Spotlight Media Corporation (“Spotlight Media Corp.,” “SMC”), a wholly owned subsidiary of PSYC, with the intent of more effectively positioning the Company to expand on its existing media ventures both within, and potentially outside, of the medicinal psychedelic industry. Since launching Psychedelic Spotlight in 2020, the Company contends it established a significantly valuable foothold within the burgeoning psychedelics industry and emerged as a recognized leader in the production of premium, industry-focused content. And with the Company’s belief that a majority of the anticipated growth and expansion of the industry is still ahead of it, PSYC is aiming to stay ahead of the curve by strengthening its position as media leader in the psychedelic space. “Our goal here with PSYC is to develop an all-encompassing, interconnected network of assets that are capable of supporting one another and becoming recognized staples within the ever-evolving psychedelic space and community,” said PSYC CEO, David Flores. “The incorporation of Spotlight Media Corp. as a subsidiary to PSYC creates an extremely sensible opportunity to compartmentalize the valuable media assets we assembled, such as Psychedelic Spotlight, The Psychedelic Investor, and our stake in PsycheDev.”  Mr. Flores continued, “We believe this establishes a more clearly defined path for the Company to not only expand on current and future media-focused ventures, but potentially contribute to diversification opportunities that will have a direct impact on our revenue initiatives for the Company. As we continue to strive towards solidifying PSYC’s position as a leader for medicinal psychedelics, we are committed to exploring strategies, in the coming months, that may optimize our ability to diversify our performing assets, both within and potentially outside of psychedelics, with the very clear objective of creating tangible value for PSYC...