Psyched Wellness Announces Successful Up-Listing to the OTCQB Venture Market
Toronto, Ontario, December 2, 2020 – Psyched Wellness Ltd. (formerly Duncan Park Holdings Corporation) (CSE:PSYC, OTC Pink: DCNPF, FRANKFURT: 5U9:GR) (the “Company” or “Psyched”) a life sciences company focused on the production and distribution of artisanal functional and psychedelic mushrooms, today announced its successful up-listing from the OTC Pink Market to the OTCQB® Venture Market. Psyched will continue to trade under the symbol “DCNPF” until such time as a symbol change request is completed.
OTCQB® Venture Market is operated by the OTC Markets Group, Inc. and is designed for early-stage and developing U.S. and international companies, and offers companies the opportunity to build their visibility, expand their liquidity and diversify their shareholder base. To be eligible for quotation on the OTCQB®, companies must meet certain reporting requirements, have audited annual financials by a PCAOB auditor, post initial and annual verifications and management certifications. Companies must also meet a minimum bid price test and other conditions. The OTCQB® is recognized by the Securities and Exchange Commission as an “established public market” for determining the public market price, allowing broker dealers and their customers to more easily trade stocks that may have been previously forbidden due to the confines of the less rigorous Pink Open Market standards.
“We announced on November 12, 2020 that we applied to up-list to the OTCQB® Venture Market and applied for DTC eligibility. This move will provide us with greater visibility within the investment community as we continue to execute on our mission of becoming a leading player in the functional and psychedelic mushroom sector,” said Jeff Stevens, CEO of the Company. “Moving up from the OTC Pink Market to the OTCQB® Venture Market will significantly broaden the universe of potential investors for Psyched Wellness”.