PSYC Corporation (OTCPink: PSYC), a media leader focused on the emerging psychedelic sector through its flagship platform, Psychedelic Spotlight, completed and published its 2021 Audited Financials.
The accomplishment comes after PSYC completed its 2020 Audited Financials in March, representing an important milestone as it works towards becoming a fully current SEC reporting company and up listing to the OTCQB.
Following the completion of the documents, PSYC will now commence the audit of its first two quarters of 2022 and plans to continue to work towards filing their Form-10 registration statement as part of the OTCQB up listing process.
“In our opinion, much of 2022 has really been focused on garnering momentum behind PSYC in preparation for taking that next leap forward.” “From our perspective, we succeeded in solidifying Psychedelic Spotlight as a recognized leader for news and information within the growing psychedelic space and now reasonably view it as a tangible asset for the Company. We’re currently in the process of putting the finishing touches on launching our Bonfire platform and are optimistic in the value we believe it will return to PSYC in the months and years ahead. Moreover, we expect to complete the acquisition of Technical 420, LLC in the coming weeks; a deal that we believe will immediately bolster our revenue generation capabilities and make an immediate, positive impact on our bottom line.”
PSYC CEO, David Flores
Flores continued, “From a timing perspective, the completion of our 2021 audited financials lines up perfectly with each of these developments, and, in my opinion, will prove to be instrumental in helping the Company take that next leap forward. Since coming aboard as CEO of PSYC in July of 2020, I made it very clear that my desire was to help PSYC achieve its full value potential by first guiding the Company to an up listing to the OTCQB. I always recognized that this objective would require execution on a fundamental strategy that would take several months. Alongside the support of some incredibly talented individuals, including our CFO Craig Schlesinger, our accountants, and our auditors at M&K CPA’s, we’ve moved this process forward and reached a point where we believe we’re closer than ever to achieving this objective. Our commitment is to not stop until we see this process all the way through.”
CFO Craig Schlesinger concluded with, “PSYC’s 2021 Audited Financials are yet another significant milestone en route to bigger and better things for the Company. The process is neither easy nor fast, but it puts us on a track to completing our Q1 and Q2 audits. We’re now one large step closer to our overarching goals of being a fully current SEC reporting company, up listing to the OTCQB, attracting more public market visibility, increasing our ability to raise equity financing, and ultimately returning value to our loyal shareholders, stakeholders, team members, and communities we serve. Exciting times are ahead for Team PSYC.”
About PSYC Corporation
At PSYC Corporation we are integrating media, creativity, and technology to develop and deploy thought-provoking ideas and solutions that are fostering and transforming the approach to some of society’s most pressing matters.
PSYC has expressed its intent and commitment to positioning itself at the forefront of the psychedelic revolution and as a resource center for discovering and understanding the latest research and business opportunities surrounding psychedelic inspired medicines. In conjunction with the FDA’s more open-minded approach to psychedelic medicines, and as several major U.S. cities continue to approve the decriminalization of psilocybin, we believe investors are speculating that the psychedelic boom could be bigger than that of cannabis. PSYC is your source for current investment related news specific to psychedelic medicines and cutting-edge research improving overall health, moving this sector into the mainstream.