Toronto, Ontario--(Newsfile Corp. - May 17, 2024) - Psyched Wellness Ltd. (CSE: PSYC) (OTCQB: PSYCF) (FSE: 5U9) (the "Company" or "Psyched"), a life sciences company focused on the production and distribution of health and wellness products derived from the Amanita Muscaria mushroom, announces that it has granted 3,800,000 Stock Options to directors, officers, Consultants and employees in accordance with the terms of the Stock Option Plan. The Stock Options granted will the vest after four months. The Common Shares underlying the Stock Options are subject to a four month hold period in accordance with the policies of the Canadian Securities Exchange (the "CSE").

Jeff Stevens, Psyched Wellness Chief Executive Officer, commented, "Management and the board helped navigate the structuring and closing the $7.5M USD investment by Gotham Green Partners into Psyched and I wanted to be sure they were rewarded for their efforts and support throughout the process. It takes a team to build a company and we have a best-in-class team that we want to keep motivated and aligned with the company's success."

Psyched Wellness is focused on increasing D2C sales via our online store while continuing to identify key retailers that champion cool, new brands in the wellness space for our brick-and-mortar expansion. We are proud to be the first Amanita Muscaria derived products sold in Erewhon stores, Market of Choice, and Good Earth Markets. Our proprietary extract, AME-1, the first legal for human consumption extract of Amanita Muscaria in the USA, positions us to be able to work with the top retailers in the USA, and we look forward to sharing additional retail launches soon.

Psyched Wellness will be growing their route-to-market partnerships, throughout the nation. If you are interested in distributing/listing Calm, please reach out to sales@psyched-wellness.com.

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