Psyched Wellness Completes Initial Data Review to Determine Clinical Path for Muscimol

Toronto, Ontario, January 14, 2021 – Psyched Wellness Ltd. (formerly Duncan Park Holdings Corporation) (CSE:PSYC, OTCQB:DCNPF, FRANKFURT:5U9) (the “Company” or “Psyched”) a life sciences company focused on the production and distribution of artisanal functional and psychedelic mushrooms, is pleased to announce that it has completed the first step in identifying the medicinal potential of Muscimol for various mental and physical health issues.

The research was led by Psyched Wellness’s board member and head of the Company’s scientific committee, Prof. David Nutt. Prof. Nutt is a psychiatrist at the Edmond J. Safra Professor of Neuropsychopharmacology in the Division of Brain Science, Dept. of Medicine, Hammersmith Hospital, Imperial College London and is the Chair of the Scientific Advisory Board for COMPASS Pathways. The study was initiated to compile and review all the scientific papers discussing Muscimol in order to provide the scientific evidence to support the thesis of using Muscimol as a potential treatment for various mental and physical health issues.

Prof. David Nutt, Board member & head of the company’s scientific committee says, “As an orally active selective agonist at the newly discovered extra-synaptic GABA-A receptor, Muscimol offer exciting opportunities for new medicine development in conditions such as insomnia and sleep disorders, pain and pre-menstrual syndrome.”

David Shisel, COO of the company says: “We are very excited to share this development, completing this research will help the company determine what ailments will be the focus of our research with the goal of taking it to a full clinical trial.”