LAS VEGAS, NV, Aug. 31, 2023 (GLOBE NEWSWIRE) -- PSYC Corporation (OTC Pink Market: PSYC) ("PSYC", "PSYC Corp" or the "Company"), parent company to Spotlight Media Corporation ("SMC" or the "wholly owned subsidiary"), an evolving multimedia holding company and leading media authority for emerging industries such as medicinal psychedelics, is pleased to announce the Company, through its wholly owned subsidiary, Spotlight Media Corporation, has completed the acquisition of the Stock Day Media platform from La Jolla Media, LLC. The deal, which is effective September 1, 2023, is valued at $500K and will be satisfied by the Company through a combination of cash and stock distributions over the course of the next 12 months and contingent upon the achievement of specific net revenue targets mutually established between the Company and Stock Day Media.
PSYC is a Nevada-based media holding company that owns and operates businesses that publish news on topics such as psychedelics, cannabis, and health and wellness.