PSYC CORPORATION - PSYC STOCK NEWS

PSYC Corporation (OTC Pink Market: PSYC) announced the launch of its new video series, PSYC Taboo, which premieres on April 28, 2023. The series will explore the interplay between psychedelics and various societal topics, beginning with an episode addressing the relationship between sex and psychedelics.

This first episode features a personal story from a Type 1 Diabetic and commentary from experts like Lauren Taus and Dr. David Tripp. Future episodes aim to delve deeper into the societal acceptance of psychedelics, aiming to normalize discussions around these topics. CEO David Flores emphasized the importance of addressing often-taboo subjects in a candid manner to de-stigmatize psychedelics.

PSYC seeks to position itself as an authority in the expanding psychedelics sector through this multimedia initiative.

PSYC Corporation (OTC Pink Market: PSYC) announced a relaunch of its Bonfire community platform set for May 1, 2023, featuring new monetization strategies aimed at enhancing growth and scalability. After pausing development due to doubts about scalability potential and leadership changes, the Company conducted extensive market analysis to redefine Bonfire's offerings. The initial product is a free online course titled 'Psychedelics for Beginners,' which has already attracted over 450 sign-ups in two weeks. Management emphasizes that this redevelopment focuses on quality, safety, and revenue scalability. The Company believes Bonfire can significantly contribute to PSYC's growth and shareholder value as the psychedelic integration sector expands.

PSYC Corporation (OTC Pink Market: PSYC) announces a record month for its subsidiary, Psychedelic Spotlight, with over 1.3M page views in March, surpassing its previous record of 1.1M. The platform achieved more than 3.8M impressions and 240K organic visitors, marking a 46% increase in traffic from the previous month. Management attributes this growth to recent strategic updates aimed at enhancing operational efficiency and increasing market share in the evolving psychedelics sector. CEO David Flores emphasized the platform's role in building long-term value for PSYC, aiming for a robust revenue model to capitalize on its growing audience.

PSYC Corporation (OTC Pink Market: PSYC) announced that CEO David Flores will moderate a panel discussion following the film screening of the documentary "Peace of Mind" on April 23, 2023, at the University of Pennsylvania. The documentary, airing on ESPN on April 22, highlights psychedelic-assisted therapy for traumatic brain injury (TBI) and mental health issues. The event aims to explore the potential benefits of psychedelics in treating these conditions, featuring experts in neurology and therapy. PSYC emphasizes its commitment to leading in psychedelic-related media and fostering discussions around innovative therapeutic approaches.

PSYC Corporation (OTC Pink Market: PSYC) announces key strategic developments aimed at up listing to the OTCQB. The company consolidated over $850K in convertible notes with RB Capital Partners, resulting in a fixed conversion price of $0.05 and a reduced interest rate from 10% to 7%. This consolidation is expected to strengthen the company’s capital structure. Additionally, PSYC has begun its 2022 financial audit to enhance transparency and support its up listing ambitions. CEO David Flores emphasized the importance of these steps in creating a healthier balance sheet and maximizing shareholder value.

PSYC Corporation (OTC Pink Market: PSYC) recently announced key corporate updates, including the appointment of Sacha G. Hebbert as Chief Brand Officer and Board member. The firm aims to elevate Psychedelic Spotlight's status among psychedelic media platforms. Following acquisitions of media assets, PSYC reported substantial revenue growth, with approximately $60K in Q4 2022. Future plans include enhancing revenue generation strategies through its platforms. However, the Bonfire platform is under review for operational improvements, and the launch of Psychedelic Finder has been delayed to focus on capital raising. PSYC remains optimistic about its growth prospects in the psychedelics sector.

PSYC Corporation (OTC Pink Market: PSYC) announced key highlights from 2022 alongside its strategic vision for 2023. The Company launched Spotlight Media Corporation, aiming to enhance its media asset portfolio, including Psychedelic Spotlight and Technical 420. PSYC secured $350K in private equity financing, contributing to its financial stability. The Psychedelic Spotlight platform surpassed 1M page views, solidifying its market position. Additionally, PSYC successfully consolidated its convertible debentures, reducing interest rates and enhancing its balance sheet. The Company is optimistic about its growth potential in the psychedelic and cannabis sectors.

PSYC Corporation (OTCPink: PSYC) reported a 42% revenue increase from Q2 to Q3 2022, exceeding $29.6K in quarterly revenue through its subsidiary Spotlight Media Corp. The company consolidated $2.7M in convertible notes, enhancing its cash flow by reducing monthly debt obligations. Additionally, PSYC completed its 2021 audit, positioning itself for an uplisting to OTCQB, while diversifying its media reach with a $2.25M acquisition of assets from Technical420 LLC. The launch of the Psychedelic Finder is expected to provide scalable growth opportunities.

PSYC Corporation (OTCPink: PSYC) is set to host PSYC'd for MJBizCon, an exciting kickoff party for the Marijuana Business Conference and Expo in Las Vegas on November 15, 2022. This event, organized by its subsidiary Spotlight Media, features performances by hip hop artists JD Williams and Tray Chaney, known from HBO's The Wire. Attendees can enjoy a night of entertainment, networking, and themed drinks. The event is free with RSVP, aiming to connect diverse audiences in the cannabis and psychedelic sectors.