Ei.Ventures, Inc. and Mycotopia Therapies Inc. (OTC: TPIA) announced today that on February 16, 2023, PSLY.com, Inc., Ei.Ventures and Mycotopia Therapies agreed to mutually terminate the Agreement and Plan of Merger, dated May 17, 2022, which provided for the acquisition of Ei.Ventures and Mycotopia Therapies by PSLY.com, Inc. by way of triangular merger, wherein the two companies would form a new holding company, PSLY.COM, and operate as a wholly-owned subsidiary of PSLY.com, Inc. following completion of the merger. In connection with the termination of the Merger Agreement PSLY.com, Inc. is withdrawing its Form S-4 Registration Statement that was previously filed with the Securities and Exchange Commission (SEC) and discontinue its application for listing on The NASDAQ Capital Market.
“We were excited by the potential of the transaction, but we have determined that it is not the right time for the business combination to move forward or for us to pursue a listing on the NASDAQ Capital Market.”
PSLY.com and Ei.Ventures CEO, David Nikzad
Ben Kaplan, CEO of Mycotopia Therapies stated “While we were looking forward to working with David and the Ei.Ventures team, overall market conditions were not favorable for creating optimal shareholder value.”
About Mycotopia Therapies
Mycotopia Therapies focuses on helping you heal and reclaim your life. Your journey of healing is an understanding of the causes and works to mental wellness through psychedelic enhanced psychotherapy, integrated with a professional team of mental wellness practitioners and cutting-edge technology. Psychedelic therapy is a holistic and spiritual approach providing healing and has shown successful treatment for many years.
About Ei.Ventures Inc.
Ei Ventures is a lifestyle company with products and services that support well-care in an effort to address the global mental crises. We are building a platform around the use of natural medicines and their ability to support the symbiosis of happy humans and a healthy planet.