{"success":true,"data":{"pressRelease":{"id":"109583","rtpr_id":"nNFC76xJSG","ticker":"PSYC","exchange":"","all_tickers":["PSYC"],"title":"Psyched Wellness Announces Secured Term Loan","author":"Newsfile Corp","published_at":"2026-08-05T13:00:14.934Z","article_body":"Toronto, Ontario--(Newsfile Corp. - August 5, 2026) - Psyched Wellness Ltd.\n(CSE: PSYC) (OTCQB: PSYCF) (FSE: 5U9) (the \"Company\" or \"Psyched Wellness\"), a\nlife sciences company focused on the production and distribution of Amanita\nMuscaria-derived health and wellness products, announces that it has entered\ninto secured term notes (the \"Notes\") with Gotham Green Fund III, L.P. and\nGotham Green Fund III (Q), L.P. (together the \"Lenders\") for an aggregate\nprincipal amount of US$230,000 (the \"Loan\"). The proceeds of the Loan will be\nused by the Company for operating expenses and inventory purchases related to\noperating the Company's business under the AMA brand.\n\nThe Loan bears interest at the rate equal to the applicable Secured Overnight\nFinancing Rate (SOFR) plus 5% per annum, compounded annually in accordance\nwith the terms of the Notes, with all accrued interest together with the\nprincipal amount payable on August 4, 2028 (the \"Maturity Date\"). Each Note is\nsecured by a continuing security interest over all assets and property of the\nCompany directly related to the Company's business under the AMA brand.\n\nThe Loan constitutes a \"related party transaction\" within the meaning of\nMultilateral Instrument 61-101 - ‎Protection of Minority Security Holders in\nSpecial Transactions (\"MI 61-101\") as the Lenders, together with their\naffiliates and/or co-investors, jointly control over 10% of the outstanding\ncommon shares of the Company. The Company is relying ‎on the exemptions from\nformal valuation and minority approval requirements contained in Sections\n‎‎5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market\nvalue of the transaction does not ‎exceed 25% of the Company's market\ncapitalization.\n\nFor further information, please contact:\n\nMichael Nederhoff Interim Chief Executive Officer Psyched Wellness Ltd. Tel:\n416-568-6627 Email: mnederhoff@psyched-wellness.com Website:\nhttp://www.psyched-wellness.com\n\nAbout Psyched Wellness\n\nPsyched Wellness is a Canadian-based health supplements company dedicated to\nthe distribution of mushroom-derived products and associated consumer packaged\ngoods. The Company's objective is to create premium mushroom-derived products\nthat have the potential to become a leading North American brand in the\nemerging functional food category.\n\nCautionary Note Regarding Forward-looking Information\n\nThis press release contains \"forward-looking information\" within the meaning\nof applicable Canadian securities legislation. These statements relate to\nfuture events or future performance. The use of any of the words \"could\",\n\"intend\", \"expect\", \"believe\", \"will\", \"projected\", \"estimated\" and similar\nexpressions and statements relating to matters that are not historical facts\nare intended to identify forward-looking information and are based on the\nCompany's current belief or assumptions as to the outcome and timing of such\nfuture events. The forward-looking information and forward-looking statements\ncontained herein include, but are not limited to, statements regarding: the\nuse of proceeds of the Loan; the Company's future financing or transactional\nor operational activities and the Company's ability to carry out its\nobjectives and develop its business and products following the date hereof.\n\nThese statements involve known and unknown risks, uncertainties and other\nfactors, which may cause actual results, performance or achievements to differ\nmaterially from those expressed or implied by such statements, including but\nnot limited to: the Company being unable to use the proceeds of the Notes as\ndescribed, legal or regulatory impediments regarding the Notes, accrued and\nunpaid interest thereon, the Company defaulting on the Note leading to, among\nother things, enforcement under the security, increased accrued interest and\nthe Lenders extending the Maturity Date (and increased accrued interest in\nrespect thereof) or availing itself of other available remedies, the proceeds\nbeing insufficient for the Company's purposes, the Company's inability to\nrepay the Note on the Maturity Date or at all and the Company being unable to\nraise additional funds on terms acceptable to the Company or at all necessary\nto repay the Note.\n\nReaders are cautioned that the foregoing list is not exhaustive. Readers are\nfurther cautioned not to place undue reliance on forward-looking statements,\nas there can be no assurance that the plans, intentions or expectations upon\nwhich they are placed will occur. Such information, although considered\nreasonable by management at the time of preparation, may prove to be incorrect\nand actual results may differ materially from those anticipated.\nForward-looking statements contained in this news release are expressly\nqualified by this cautionary statement and reflect the Company's expectations\nas of the date hereof and are subject to change thereafter. The Company\nundertakes no obligation to update or revise any forward-looking statements,\nwhether as a result of new information, estimates or opinions, future events\nor results or otherwise or to explain any material difference between\nsubsequent actual events and such forward-looking information, except as\nrequired by applicable law.\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/308072","article_body_html":"","raw_payload":{"data":{"id":"nNFC76xJSG","title":"Psyched Wellness Announces Secured Term Loan","author":"Newsfile Corp","ticker":"PSYC","created":"2026-08-05T13:00:14.934Z","tickers":["PSYC"],"exchange":"","article_body":"Toronto, Ontario--(Newsfile Corp. - August 5, 2026) - Psyched Wellness Ltd.\n(CSE: PSYC) (OTCQB: PSYCF) (FSE: 5U9) (the \"Company\" or \"Psyched Wellness\"), a\nlife sciences company focused on the production and distribution of Amanita\nMuscaria-derived health and wellness products, announces that it has entered\ninto secured term notes (the \"Notes\") with Gotham Green Fund III, L.P. and\nGotham Green Fund III (Q), L.P. (together the \"Lenders\") for an aggregate\nprincipal amount of US$230,000 (the \"Loan\"). The proceeds of the Loan will be\nused by the Company for operating expenses and inventory purchases related to\noperating the Company's business under the AMA brand.\n\nThe Loan bears interest at the rate equal to the applicable Secured Overnight\nFinancing Rate (SOFR) plus 5% per annum, compounded annually in accordance\nwith the terms of the Notes, with all accrued interest together with the\nprincipal amount payable on August 4, 2028 (the \"Maturity Date\"). Each Note is\nsecured by a continuing security interest over all assets and property of the\nCompany directly related to the Company's business under the AMA brand.\n\nThe Loan constitutes a \"related party transaction\" within the meaning of\nMultilateral Instrument 61-101 - ‎Protection of Minority Security Holders in\nSpecial Transactions (\"MI 61-101\") as the Lenders, together with their\naffiliates and/or co-investors, jointly control over 10% of the outstanding\ncommon shares of the Company. The Company is relying ‎on the exemptions from\nformal valuation and minority approval requirements contained in Sections\n‎‎5.5(a) and 5.7(1)(a) of MI 61-101, on the basis that the fair market\nvalue of the transaction does not ‎exceed 25% of the Company's market\ncapitalization.\n\nFor further information, please contact:\n\nMichael Nederhoff Interim Chief Executive Officer Psyched Wellness Ltd. Tel:\n416-568-6627 Email: mnederhoff@psyched-wellness.com Website:\nhttp://www.psyched-wellness.com\n\nAbout Psyched Wellness\n\nPsyched Wellness is a Canadian-based health supplements company dedicated to\nthe distribution of mushroom-derived products and associated consumer packaged\ngoods. The Company's objective is to create premium mushroom-derived products\nthat have the potential to become a leading North American brand in the\nemerging functional food category.\n\nCautionary Note Regarding Forward-looking Information\n\nThis press release contains \"forward-looking information\" within the meaning\nof applicable Canadian securities legislation. These statements relate to\nfuture events or future performance. The use of any of the words \"could\",\n\"intend\", \"expect\", \"believe\", \"will\", \"projected\", \"estimated\" and similar\nexpressions and statements relating to matters that are not historical facts\nare intended to identify forward-looking information and are based on the\nCompany's current belief or assumptions as to the outcome and timing of such\nfuture events. The forward-looking information and forward-looking statements\ncontained herein include, but are not limited to, statements regarding: the\nuse of proceeds of the Loan; the Company's future financing or transactional\nor operational activities and the Company's ability to carry out its\nobjectives and develop its business and products following the date hereof.\n\nThese statements involve known and unknown risks, uncertainties and other\nfactors, which may cause actual results, performance or achievements to differ\nmaterially from those expressed or implied by such statements, including but\nnot limited to: the Company being unable to use the proceeds of the Notes as\ndescribed, legal or regulatory impediments regarding the Notes, accrued and\nunpaid interest thereon, the Company defaulting on the Note leading to, among\nother things, enforcement under the security, increased accrued interest and\nthe Lenders extending the Maturity Date (and increased accrued interest in\nrespect thereof) or availing itself of other available remedies, the proceeds\nbeing insufficient for the Company's purposes, the Company's inability to\nrepay the Note on the Maturity Date or at all and the Company being unable to\nraise additional funds on terms acceptable to the Company or at all necessary\nto repay the Note.\n\nReaders are cautioned that the foregoing list is not exhaustive. Readers are\nfurther cautioned not to place undue reliance on forward-looking statements,\nas there can be no assurance that the plans, intentions or expectations upon\nwhich they are placed will occur. Such information, although considered\nreasonable by management at the time of preparation, may prove to be incorrect\nand actual results may differ materially from those anticipated.\nForward-looking statements contained in this news release are expressly\nqualified by this cautionary statement and reflect the Company's expectations\nas of the date hereof and are subject to change thereafter. The Company\nundertakes no obligation to update or revise any forward-looking statements,\nwhether as a result of new information, estimates or opinions, future events\nor results or otherwise or to explain any material difference between\nsubsequent actual events and such forward-looking information, except as\nrequired by applicable law.\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/308072"},"type":"article","timestamp":"2026-08-05T13:00:15.054226102Z","server_sent_at_ms":1785934815054},"received_at":"2026-08-05T13:00:15.105Z","source_url":"https://www.newsfilecorp.com/release/308072"},"analysis":{"id":"98587","press_release_id":"109583","analysis_json":{"industry":{"label":"Food Products","sector":"Consumer Staples"},"redFlags":["Lenders control over 10% of outstanding common shares (related party transaction)","High interest rate (SOFR + 5%) for a secured asset-based loan"],"eventType":"debt_offering","narrative":"Psyched Wellness entered into a secured term loan agreement with Gotham Green Fund III for an aggregate principal amount of $230,000.\n\nProceeds are designated for operating expenses and inventory purchases related to the company's AMA brand products.\n\nThe loan bears interest at SOFR plus 5% per annum, matures on August 4, 2028, and is classified as a related party transaction as the lenders control over 10% of the company.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Small related-party secured term loan closes."},"keyFigures":{"dealValueUsd":230000,"customDimensions":{"interest_rate":"SOFR + 5%","maturity_date":"August 4, 2028"}},"quotedText":"","namedEntities":{"people":[{"name":"Michael Nederhoff","role":"Interim Chief Executive Officer"}],"products":["AMA brand"],"companies":[{"name":"Psyched Wellness Ltd.","ticker":"PSYC"},{"name":"Gotham Green Fund III, L.P.","relationship":"lender"},{"name":"Gotham Green Fund III (Q), L.P.","relationship":"lender"}],"dollarAmounts":[{"amount":"US$230,000","context":"aggregate principal amount of the term loan"}]},"materialImpact":{"score":1,"reasoning":"Small principal amount ($230k) secured by assets for routine operating expenses and inventory. The related party nature and small size limit material impact."},"tickerRelevance":{"others":[{"ticker":"PSYCF","relevance":"OTCQB listing"},{"ticker":"5U9","relevance":"FSE listing"}],"primary":"PSYC"},"globalImportance":5,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro_cap","eventGravity":"small_debt_facility"}},"event_type":"debt_offering","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Psyched Wellness entered into a secured term loan agreement with Gotham Green Fund III for an aggregate principal amount of $230,000.\n\nProceeds are designated for operating expenses and inventory purchases related to the company's AMA brand products.\n\nThe loan bears interest at SOFR plus 5% per annum, matures on August 4, 2028, and is classified as a related party transaction as the lenders control over 10% of the company.","key_figures":{"dealValueUsd":230000,"customDimensions":{"interest_rate":"SOFR + 5%","maturity_date":"August 4, 2028"}},"named_entities":{"people":[{"name":"Michael Nederhoff","role":"Interim Chief Executive Officer"}],"products":["AMA brand"],"companies":[{"name":"Psyched Wellness Ltd.","ticker":"PSYC"},{"name":"Gotham Green Fund III, L.P.","relationship":"lender"},{"name":"Gotham Green Fund III (Q), L.P.","relationship":"lender"}],"dollarAmounts":[{"amount":"US$230,000","context":"aggregate principal amount of the term loan"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-05T18:58:13.759Z","global_importance":5,"audience_relevance":10,"importance_components":{"tickerTier":"micro_cap","eventGravity":"small_debt_facility"}},"durationMs":109091,"modelName":"glm-4.7"}}