Psyched Wellness (CSE: PSYC) is looking to build up its portfolio of intellectual property. The company this morning announced that it has submitted an application to register a trademark for the unique extraction process that it has developed.
The company is looking to register the trademark “AME-1”, which stands for Amanita Muscaria Extract-1. The trademark is related to the unique extract that the company developed after a long process of trial and error, resulting in the creation of the ideal extract for future products.
More specifically, Psyched Wellness this morning outlined that it was able to finalize the extraction process after it developed a high performance liquid chromatography analytical method for the unique compounds and raw material within Amanita Muscaria. As a result, AME-1 is to be the base for future product lines created in the health and wellness space.
Going forward, the company intends to build a patent portfolio around AME-1 for optimized psychedelic medicines.
Psyched Wellness last traded at $0.35 on the CSE.
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