Psyched Wellness Ltd. announced that the company has completed its large extraction of AME-1 to date, and has successfully shipped it to the company's contract research organization partner labs in Asia, in order to complete the pre-clinical studies and other scientific work of the company in its product development process. In accordance with the company's extraction protocol, approximately 20 kilograms of raw material was used to generate approximately 4.2 kilograms of AME-1. This shipment to its CRO partner lab in Asia represents the most significant amount of AME-1 extraction to date. The shipment arrived safely to the labs and is intended to supply enough material to complete the 90-day toxicity study, the neurobehavioral studies, the conditioned place preference test, and other remaining scientific work required in the product development process of the Company in order to submit the AME- 1 as a new dietary ingredient ("NDI") in the United States and as a natural health product ("NHP") in Canada.