Psyched Wellness CEO Buys This Many Shares In The Open Market

Psyched Wellness CEO Buys This Many Shares In The Open Market

Jeffrey Stevens, the CEO and co-founder of Psyched Wellness PSYCF, has bought 321,000 shares of the company in the open market at CA$0.125 per share for a total cost of of CA$40,125 (around $31,750).

“Our stock price has increased in the last quarter alone. In addition to our market growth, we have experienced a number of recent successes that have strengthened our position and are excited to be approved to launch our flagship product, Calm, in the U.S.," Stevens said.

The psychedelics exec is speaking later Tuesday at the inaugural Benzinga Psychedelics Capital Conference

"Our stock price doesn't reflect this growth yet, but it will. We have been working diligently to position and grow our business, and I believe that we are on track to deliver sustainable, long-term shareholder value.” 

PSYCF Price Action: Psyched Wellness shares were trading 2.22% higher at $0.092 late Tuesday morning. 

Posted In: Jeffrey StevensPsyched WellnessCannabisNewsPenny StocksPsychedelicsInsider TradesMarkets

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.