Global Trac Solutions Inc. announced that the Company has executed a Joint Venture Partnership Agreement with PsycheDev Inc. The formation of the JV creates a unique opportunity for PSYC to begin its entry into the sector of digital mental health which recently, in management’s estimation, has demonstrated significant growth potential amid the ongoing COVID-19 pandemic. It also setups the potential, although there can be no guarantees, for the Company to establish a revenue stream through the intended monetization of the application following its launch later in 2021. Through the JV, PSYC will work in collaboration with PsycheDev on the co-development and launch of its digital mental health application and platform designed to provide users with the ability to leverage the power and benefits of self-guided trips and mental exercises with the intent of achieving a more profound state of mental health and well-being. Furthermore, as part of the JV, PSYC receives an initial 15% equity stake in PsycheDev in conjunction with its investment into PsycheDev. The companies intend to dedicate the next several months towards the continued to development of the PsycheDev application and will also work on establishing an effective go-to-market strategy for the app and as they aim for an official launch towards the end of the second half of this year.