Psyched Wellness Announces Changes to the Board of Directors

Toronto, Ontario–(Newsfile Corp. – March 15, 2021) – Psyched Wellness Ltd. (CSE: PSYC) (OTCQB: PSYCF) (FSE: 5U9) (the “Firm” or “Psyched“) a life sciences firm targeted on the manufacturing and distribution of artisanal useful and psychedelic mushrooms, is happy to announce that Janeen Stodulski has been appointed as a director of the Company.

Psyched additionally introduced that Chris Hazelton has resigned as a director of the Company. CEO Jeff Stevens commented that, “Chris stayed on as one of many legacy administrators from Duncan Park Holdings to make sure a clean transition as Psyched went public. We recognize his effort and time and want him nicely together with his future endeavors.”

Ms. Stodulski

A graduate of Brock College, Janeen acquired her CPA designation in 1999 and her MBA from Queen’s College in 2002 and most lately accomplished her In-Depth taxation with CPA Canada.

Janeen brings greater than 30 years in various tax, monetary, and enterprise consulting expertise to the desk. She has gained in depth accounting expertise by means of her senior roles in public apply, as a accomplice at MNP and Shopper Service Supervisor at Grant Thornton LLP in addition to a number of board positions and C-suite roles in a wide range of corporations. Janeen in depth experience permits her to supply exterior the field methods and options along with complete accounting providers.

Ms. Stodulski has acquired quite a few awards and appointments throughout her profession, together with an appointment to the Prime Minister’s Activity Pressure on Ladies Entrepreneurs, Ontario and Chapter Distinguished Service awards with CGA, Royal Financial institution Ladies Entrepreneurs finalist and Oakville Neighborhood Environmental Award.

“I’m thrilled to welcome Janeen to the board and know that her expertise and fervour for this position will add super worth to the workforce and Psyched shareholders,” says Jeff Stevens CEO of the Firm.

In connections with Ms. Stodulski becoming a member of the board she might be issued 500,000 choices topic to board and change approvals. Along with Ms. Stodulski choice issuance, 1.5M choices might be allotted to varied consultants for his or her efforts.

The Firm additionally needs to reveal that it has engaged the providers of the next teams:

Stockhouse Publishing for a 12-month contract totaling $100K

Proactive Media PRO for a 12-month contract totaling $49K.

For additional data, please contact:

Jeffrey Stevens
Chief Government Officer
Psyched Wellness Ltd.
Tel: 647-400-8494
E-mail: jstevens@psyched-wellness.com
Web site: http://www.psyched-wellness.com

For media relations, please contact:

Anne Graf
KCSA Strategic Communications
agraf@kcsa.com
786-390-2644

Neither the Canadian Securities Change nor its Regulation Companies Supplier have reviewed or settle for duty for the adequacy or accuracy of this launch.

About Psyched Wellness Ltd.:

Psyched Wellness Ltd. is a Canadian-based well being dietary supplements firm devoted to the distribution of mushroom-derived merchandise and related client packaged items. The Firm’s goal is to create premium mushroom-derived merchandise which have the potential to change into a number one North American model within the rising useful meals class. The Firm is within the technique of creating a line of Amanita muscaria-derived water-based extracts, teas and capsules designed to assist with three well being goals: promote stress reduction, rest and help with restful sleeping.

Cautionary Assertion Concerning Ahead Wanting Info and Statements

This press launch accommodates ‘forward-looking data’ throughout the that means of relevant Canadian securities laws. These statements relate to future occasions or future efficiency. The usage of any of the phrases “might”, “intend”, “anticipate”, “consider”, “will”, “projected”, “estimated” and related expressions and statements regarding issues that aren’t historic information are supposed to establish forward-looking data and are based mostly on Psyched Wellness Ltd. present perception or assumptions as to the end result and timing of such future occasions. Ahead-looking data is predicated on affordable assumptions which were made by Psyched on the date of the knowledge and is topic to recognized and unknown dangers, uncertainties, and different elements which will trigger precise outcomes or occasions to vary materially from these anticipated within the forward-looking data, together with, with out limitation, (i) the accuracy of the Toxicology Evaluation, (ii) the protection of Amanita Muscaria consumption and the protection and purity of any extracts thereof, and (iii) the makes use of and potential advantages of Amanita Muscaria. Given these dangers, uncertainties, and assumptions, you shouldn’t unduly depend on these forward-looking statements. The forward-looking data contained on this press launch is made as of the date hereof, and Psyched will not be obligated to replace or revise any forward-looking data, whether or not on account of new data, future occasions or in any other case, besides as required by relevant securities legal guidelines. The foregoing statements expressly qualify any forward-looking data contained herein. Elements that might trigger precise outcomes to vary materially from these anticipated in these forward-looking statements are described beneath the caption “Danger Elements” in Psyched Wellness Ltd. administration’s dialogue and evaluation for the six months ended Could 31, 2020 and masking the following interval as much as July 27, 2020 (“MD&A”), dated July 27, 2020, which is offered on Psyched Wellness Ltd. profile at www.sedar.com.

This information launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase, and shall not represent a proposal, solicitation or sale in any state, province, territory or jurisdiction by which such provide, solicitation or sale could be illegal previous to registration or qualification beneath the securities legal guidelines of any such state, province, territory or jurisdiction.

This information launch contains knowledge that has been obtained from third occasion sources, together with the findings from the Toxicology Evaluation. The Firm believes that the info is correct and that its estimates and assumptions are affordable, however there isn’t any assurance as to the accuracy or completeness of this knowledge. Third occasion sources usually state that the knowledge contained therein has been obtained from sources believed to be dependable, however there isn’t any assurance as to the accuracy or completeness of included data. Though the info is believed to be dependable, the Firm has not independently verified any of the info from third occasion sources referred to on this information launch or ascertained the underlying assumptions relied upon by such sources.