Pervasip Corp (OTCMKTS: PVSP) is a developer of companies and technologies in high value emerging markets, owns Artizen Corporation and its subsidiary, Zen Asset Management LLC, a diversified asset management company founded to acquire, develop, and support companies and technologies in the cannabis industry. ZAM’s existing clients operate four licensed cannabis cultivation and one processing facility in Washington. Most of the biomass produced by these independent cultivators has been sold historically under the Artizen™ brand, including all-time top selling products in flower in Washington state.  

On January 17 PVSP announced it will spin-off 100% of its wholly owned subsidiary, Artizen Corporation as a separate public company, with an anticipated record date between July 1, 2023, and September 30, 2023. As a result of the spin-off, all Pervasip shareholders of record as of the designated record date shall receive shares in the newly public Artizen in proportion to their ownership in Pervasip. Artizen conducts 100% of Pervasip’s cannabis business segment operations through its Zen Asset Management LLC subsidiary. 

$PVSP Announcement re forward strategy forthcoming this week! We are very excited about our plans!

— Pervasip Corp (@PervasipC) February 27, 2023

To Find out the inside Scoop on PVSP Subscribe to Newsytrends.com Right Now by entering your Email in the box below

$PVSP added more 0006.
The CEO confirms:
Share reduction and a name change. pic.twitter.com/FCYDxzXRvG

— Penny Whale (@WhalePenny) February 27, 2023

PVSP management is positioning the Company for expansion. According to German Burtscher, Chairman and Chief Executive Officer of Pervasip and Artizen: “Spinning out Artizen will allow us to properly capitalize the business to take advantage of multiple expansion opportunities to build on our existing foundation.”  

The Company is working with its auditors to complete the required financial audits, including one for Pervasip on a consolidated basis and another for Artizen on a consolidated basis. Once complete, a Form 10 Registration Statement will be filed with the SEC for Artizen to initiate the spin-off process. Additional information regarding the status and timing of the transaction and the various required regulatory and other approvals will be provided as it becomes available. Pervasip has commenced evaluation of potential targets for acquisition upon completion of the Artizen spin-off. 

$PVSP lots of excitement today before the news later this week.

The weekly chart is wide open for a BIG reversal. https://t.co/fnKZgBIINY pic.twitter.com/q7CAULAQ7q

— Penny Whale (@WhalePenny) February 27, 2023

For More on PVSP Subscribe Right Now!

Currently trading at a $2.6 million market valuation PVSP os is 5,329,231,963 with 3,870,314,124 shares in the public float according to OTCMarkets. The Company is doing significant revenues via its Artizen subsidiary reporting $4.3 million in sales for the 3 months ended August 31, 2022. PVSP is an exciting story developing in small caps; the Company has history of big moves and high liquidity and recently reversed off 52 week lows. As stated if the upward momentum continues PVSP will have a lot of buyers. Recently the Company stated they are evaluating a number of potential targets for acquisition and on Monday they tweeted that news concerning its forward strategy is forthcoming this week. We will be updating on PVSP when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

Disclosure: we hold no position in PVSP either long or short and we have not been compensated for this article.