/EIN News/ — SAN DIEGO, CA, June 12, 2020 (GLOBE NEWSWIRE) — Global Trac Solutions, Inc. (OTCPink: PSYC) (“Global” “PSYC” or the “Company”) would like to announce to its valued shareholders and stakeholders that in an effort to more strategically focus the Company’s current growth and expansion initiatives within the burgeoning medicinal psychedelic industry, in addition to adapting to the challenges faced within a changing economic climate, the Company has made the decision to wind down all operations associated with its wholly-owned subsidiary, MTrac Tech Corporation effective immediately.

While the Company contends that this decision was not easy given the success MTrac achieved within the retail cannabis industry over the last year and a half, it believes that in order for PSYC to proceed full steam ahead with its push into the psychedelic space, it must make every effort to dedicate as much of its valuable resources towards the pursuit of this initiative.

“Though this decision comes with an understandably heavy heart, I remain extremely proud and eternally grateful of what we were able to accomplish with MTrac and the MTrac brand,” said Global Trac Solutions, Inc. CEO, Vanessa Luna. “We took an entirely new and innovative form of software technology, branded it, marketed it, and successfully delivered it to an industry in need of it the most. The journey associated with the development, launch and…