Hi guys,
I have started up a record label Levitation Records and am collecting bands for a double CD compilation. It's looking very good so far, I'm almost scared.

The album will be called Psychedelica and so far we have:

Brian Jonestown Massacre, Electric Prunes, Silver Apples, The Quarter After, The Lovetones, Black Angels, Stevenson Ranch Davidians, The Electric Mainline, Dust, The Volta Sound, Owsley Sunshine, The Lazily Spun.

We are awaiting confirmation from: The Telescopes, Sonic Boom,Hawkwind, Ozrics and Gong, House of Love, Nik Turner and Genesis P.Orridge.

Which other contemporary psych bands (ie. those still going and gigging) would you LOVE to see that have a large following?

Thanks,
Ollie

Awesome, some great acts there, I'm particularly fond of The Lazily Spun

Nik Turner and The Telescopes have confirmed!
Whether Nik will get it together or not, who knows, he's gigging every second day.
Also have Floorian involved.
Love it....

How about Spiritualized, Spacemen 3, My Bloody Valentine, AR Kane, Julian Cope? Or am I way off with these?

Spacemen3/Spiritualized ended years ago. Have asked Sonic Boom although he's not doing much anymore so I don't expect him to get it together with a neww project, have not heard back from My Bloody Valentine and Julian cope is looking promising but I'll say no more just in case.