Wesana Health Holdings Inc. (CSE: WESA / OTCQB: WSNAF), today announced that all matters put forward at the Company’s annual general and special meeting (the “AGSM”) of shareholders held on June 9, 2023 were duly approved by the requisite majority of votes cast at the AGSM.

AGSM Results

A total of approximately eighty percent (80%) of the votes entitled by the outstanding shares of the Company were present and voted at the AGSM by Shareholders and proxyholders. The following resolutions were approved by over ninety-nine percent (99%) of votes cast:

  • election of all director nominees to the board of directors for the ensuing year;
  • appointment of MNP LLP as the auditors of the Company for the ensuing year; and
  • passing of a special resolution approving the sale by Wesana Health Inc., a subsidiary of the Company, of its right and interest in the SANA-013 development related assets and any other applicable related assets (which may be a sale of substantially all of the undertaking of the Company) (the “Transaction”) pursuant to the terms of the asset purchase agreement among the Company, Lucy Scientific Discovery Inc. (NASDAQ:LSDI) (“Lucy”), Lucy Scientific Discovery USA Inc., and Wesana Health Inc. dated March 20, 2023 (as may be subsequently amended, supplemented or otherwise modified, the “Asset Purchase Agreement”) as more particularly described and set forth in the management information circular of the Company dated May 9, 2023. The Transaction is expected to close this month (June 2023), subject to and following the satisfaction (or waiver as permitted) of the conditions precedent to the Transaction.

ON BEHALF OF THE BOARD
Daniel Carcillo, Chairman and Chief Executive Officer
Phone: 702-329-8038

About Wesana Health

Wesana Health is a data-driven life science company pioneering drug development through its lead candidate SANA-013. Targeting Major Depressive Disorder as the lead indication, SANA-013 utilizes proprietary drug delivery protocols and a novel combination therapy. Wesana is composed of leaders from the scientific, research and medical industries driven by a common goal of improving the lives of millions of people globally suffering from mental health indications. Learn more at www.wesanahealth.com.