Business
PSYC Provides Shareholders with a Year-End Company Review for 2022
PSYC Provides Shareholders with a Year-End Company Review for 2022.
About this update from Psyc Corporation
[{"type":"text","content":"\n LAS VEGAS, NV, Dec. 13, 2022 (GLOBE NEWSWIRE) -- PSYC Corporation (OTC Pink Market: PSYC) (“PSYC” or the “Company”), a multimedia leader focused on forward thinking market sectors such as psychedelics, cannabis, and mining and precious metals, is pleased to provide its shareholders with an overview of Company highlights and achievements from 2022 and insight into the potential it believes lies ahead in 2023. Incorporation and Launch of Spotlight Media Corporation In February of this year, the Company launched Spotlight Media Corporation (“SMC”), a Nevada corporation and wholly owned subsidiary of PSYC. The Company contends that it has and plans to continue to strategically utilize SMC to effectively compartmentalize its growing list of performing media assets such as Psychedelic Spotlight, Technical 420, On the Bid, along with its respective ownership stakes in Bonfire and Psychedelic Finder. Additionally, in recognizing the potential that it sees developing through the crossover between the psychedelics and cannabis market sectors, and as further evidenced by the Company while exhibiting at this year’s Marijuana Business Conference (“MJBizCon”) in Las Vegas, the Company will continue to evolve SMC into a multimedia leader positioned to dominate the intersection where each of these value-driven market sectors converge. In doing so, the Company sees a unique opportunity for PSYC to become one of the first publicly traded media-focused companies to be positioned within this intersection of psychedelics and cannabis and is cautiously optimistic as to the long-term value this will present for the Company and its shareholders. PSYC Secures $350K in Private Equity-Based Capital Financing In March of this year, the Company secured a $350K private equity-based capital financing deal with Trent Sullivan of Jackson, Tennessee. According to the Company, the deal, which was organized by former CFO and now Advisor to PSYC, Craig Schlesinger, played a vital role in helping strengthen the Company’s financial position throughout 2022 and directly contributed to fostering the growth of its Psychedelic Spotlight platform, as well as helping facilitate the eventual acquisition of media assets from Technical420, LLC. PSYC’s Psychedelic Spotlight Surpasses 1M Page View Milestone In...