Pervasip Corp. Purchases Five Percent Interest in Kaiyon Biotech Inc.

Granada Hills, California--(Newsfile Corp. - June 16, 2021) - Pervasip Corp. (OTC Pink: PVSP) (the "Company") is pleased to announce that it has purchased a five percent (5%) non-dilutive interest in Kaiyon Biotech Inc. ("Kaiyon").

Kaiyon is a collaboration of doctors, scientists, researchers and chemists that work to create new medicines using psilocybin and CBD compounds. The biotech team at Kaiyon believes that existing psilocybin research presents a pressing case for psilocybin to be an effective treatment for depression, pain, and drug addiction. It plans to expand on that research and support a hot bed of innovation for safe and productive drug use.

The Company applauds the newly formed Psilocybin Advisory Board formed in Oregon, and Oregon's efforts to build a support infrastructure through which psilocybin can be introduced to daily living via therapeutic use and licensed facilities.

The Company intends to leverage doctors and trained professionals in South Korea via its ownership in Kaiyon and bring the experience and training back to the United States. The acquisition requires the Company to issue 50 million restricted shares of common stock.

About Pervasip Corp.

Pervasip Corp. is a developer of companies and technologies in high value emerging markets. Pervasip is currently pursuing the acquisition of Artizen Corporation, which generates revenues by providing leasing, licensing, management, staffing, and supplies to cannabis production facilities.

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