On April 19, 2024, Psyched Wellness Ltd. closed the transaction. The company issued 49,069,286 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 3,434,850.02 in its Tranche 2B. The company has received $2,500,000 (CAD 3,422,249.88) from 3 investors pursuant to exemption provided under Regulation D.