Psyched Wellness Submits an Application to Register a Trademark for the Company’s Unique Extraction
January 21st, 2021
Psyched Wellness Ltd. (CSE: PSYC) (OTCQB: PSYCF) (FSE: 5U9) (“Psyched“) a life sciences company focused on the production and distribution of artisanal functional and psychedelic mushrooms, is pleased to announce that it has submitted an application with the United States Patent and Trademark Office (USPTO) to register the trademark “AME-1” in connection with the Company’s unique extraction.
AME-1, which stands for Amanita Muscaria Extract-1, was developed after a long scientific process of trial and error to create the ideal extract for the Company’s future products. After developing a custom high-performance liquid chromatography (HPLC) analytical method for Amanita Muscaria’s unique compounds and raw material, the Company finalized its extraction process and was able to write the AME-1 specifications. The Company, and its respected advisory board, believes that the AME-1 will be the base for the Company’s future Amanita Muscaria product lines in both the health and wellness and the pharma side. As part of its ongoing research and development, the Company will continue to identify novel uses for AME-1 and will look to build a patent portfolio around AME-1 for new pharmacologically optimized psychedelic medicines.
Jeffery Stevens, CEO of the company says: “This represents a major milestone for PSYC. The team has done a great job developing this unique process, and now that it has been perfected, we are in a position to apply for a trademark. This represents the first step in our process of protecting the IP we are creating. As we progress with our studies, we will look to file provisional patents around the processes and protocols we develop.”
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About Psyched Wellness Ltd.:
Psyched Wellness Ltd. is a Canadian-based health supplements company dedicated to the distribution of mushroom-derived products and associated consumer packaged goods. The Company’s objective is to create premium mushroom-derived products that have the potential to become a leading North American brand in the emerging functional food category. The Company is in the process of developing a line of Amanita muscaria-derived water-based extracts, teas and capsules designed to help with three health objectives: promote stress relief, relaxation and assist with restful sleeping.
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