Psyched Wellness LTD. Applied to Up-List to the OTCQB and DTC Eligibility
Toronto, Ontario, November 12, 2020 – Psyched Wellness Ltd. (formerly Duncan Park Holdings Corporation) (CSE:PSYC, OTC Pink: DCNPF) (the “Company” or “Psyched”) a life sciences company focused on the production and distribution of artisanal functional mushrooms, is pleased to announce that it has applied to up-list its common stock to the OTCQB® Venture Marketplace and applied for DTC eligibility.
The OTCQB is a venture market operated by the OTC Markets Group, Inc. and is designed for developing companies in the U.S. and abroad. To be eligible for quotation on the OTCQB, companies must be current in their reporting and undergo an annual verification and management certification process. Companies must also meet a minimum bid price test and other financial conditions. The OTCQB is recognized by the Securities and Exchange Commission as an established public market and provides current public information to investors that need to analyze, value, and trade securities. DTC Eligibility means that a public company's securities are able to be deposited through DTC. DTC is the largest securities depository in the world and holds over thirty-five trillion dollars worth of securities on deposit.
“Up-listing to the OTCQB and achieving DTC eligibility is a key next step in our plans to grow the Company and upgrade our position in the public markets,” said Jeff Stevens CEO. “We believe that trading on the OTCQB will increase Psyched Wellness visibility to the US investment community and result in broader acceptance and added liquidity while adding to shareholder value.”