Justera Health Announces Director Resignation and Change to Fiscal Year End

Rhea-AI Summary

Justera Health announced two significant corporate changes. First, the company reported the resignation of Richard Yoon from its Board of Directors, effective March 28, 2025. Yoon stepped down to pursue other professional opportunities.

The Board will continue under the leadership of Joshua Herman and Young Cho Lee, who remain committed to advancing the company's strategic initiatives and optimizing its asset portfolio value.

Additionally, Justera has modified its fiscal year end from December 31 to March 31. This change aims to better align the company's reporting cycle with its operational and strategic planning objectives.

Positive

• None.

Negative

• Director Richard Yoon resigned from Board
• Board size reduced after resignation

TORONTO, ON / ACCESS Newswire / April 30, 2025 / Justera Health Ltd. (CSE:VTAL)(OTC PINK:SCRSF) ("Justera" or the "Company") announces the resignation of Mr. Richard Yoon from its Board of Directors, effective March 28, 2025, as well as a change to its fiscal year end.

Mr. Yoon has stepped down from the Board to pursue other professional opportunities. The Company thanks him for his contributions and service, and wishes him continued success in his future endeavors. The Board will continue to be led by Mr. Joshua Herman and Mr. Young Cho Lee, who remain focused on advancing the Company's strategic initiatives and maximizing the value of its asset portfolio.

In addition, Justera has changed its fiscal year end from December 31 to March 31, aligning its reporting cycle more closely with operational and strategic planning objectives.

About Justera Health

Established in 2020, Justera is a Canadian company focused on health and wellness. Through its services, innovative products, strategic partnerships, Justera empowers individuals to prioritize their well-being. With four subsidiaries, it offers personalized healthcare services and solutions, such as IV Vitamin Therapy, premium nutritional supplements through its Naturevan Nutrition brand, a full 360-degree wellness and spa experience through Juillet Wellness that provides registered massage therapy, acupuncture, and new retail stores in Vancouver. Justera's mission is to enhance Canadians overall well-being with diverse solutions catering to individual needs.

For additional information on Justera Health and other corporate information, please visit the Company's website at https://www.justerahealth.com/

For more information about the Company, please refer to the Company's profile on SEDAR+ at www.sedarplus.com.

For further information:

Investor Relations & Communications

Paul Haber, CFO
Tel: (416) 318-6501
Email: info@justerahealth.com

Forward-Looking Statements:

Certain statements contained in this news release may constitute forward-looking information, including statements relating to the future development of Justera's business. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. All statements included herein, other than statements of historical fact, are forward-looking ‎statements, including but not limited to: the terms, timing and completion of the Transaction, if the Transaction is to close at all, the receipt of all necessary regulatory and CSE approvals, authorizations and consents in connection with the Transaction, and the completion or waiver, as applicable, of all conditions precedent required for the completion of the Transaction; the anticipated business plans, management structure, and future activities of the Company and Port North, including the Company's intention to integrate Port North into its business; and the anticipated benefits and synergies to be derived from the Transaction on the business of both Port North and the Company; and the date in which the Payment Shares may become free-trading.

Forward-Looking Statements are based on assumptions, estimates, analyses and opinions of management of the Company at the time they were provided or made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, including: (i) successful completion of the Financing; (ii) successful completion of the Transaction and the integration of the business of Port North in connection therewith; (iii) the ability to manage anticipated and unanticipated costs; (iv) achieving the anticipated results of the Company's strategic plans; (v) obtaining and maintaining all required licenses, approvals and permits, including regulatory approvals required to complete the Transaction; and (vi) general economic, financial market, regulatory and political conditions in which the Company operates.

Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. The actual results of Justera could differ materially from those anticipated in this forward-looking information as a result of the inability of Port North to complete the Financing, the inability to consummate the Transaction, including the inability to obtain required regulatory approvals and third-party consents and the satisfaction of other conditions, inputs, suppliers and skilled labour being unavailable or available only at uneconomic costs; changes in general economic, business and political conditions, including changes in the financial markets, changes in applicable laws generally and adverse future legislative and regulatory developments involving medical and recreational marijuana, competitive factors in the industries in which Justera operates, prevailing economic conditions, changes to Justera's strategic growth plans, and other factors, many of which are beyond the control of Justera.

Management of Justera believes that the expectations reflected in the forward-looking information herein are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward‐looking information contained in this news release represents Justera's expectations as of the date hereof and is subject to change after such date. Justera disclaims any intention or obligation to update or revise any forward‐looking information whether as a result of new information, future events, or otherwise, except as required by applicable securities legislation.

Neither the Canadian Securities Exchange (the "CSE") nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE: Justera Health Ltd.

View the original press release on ACCESS Newswire

FAQ

When did Richard Yoon resign from Justera Health (SCRSF) board of directors?

Richard Yoon resigned from Justera Health's board of directors effective March 28, 2025, to pursue other professional opportunities.

What is the new fiscal year end date for Justera Health (SCRSF)?

Justera Health changed its fiscal year end from December 31 to March 31 to better align with operational and strategic planning objectives.

Who remains on Justera Health (SCRSF) board after Richard Yoon's resignation?

Joshua Herman and Young Cho Lee remain on Justera Health's board of directors, continuing to lead the company's strategic initiatives.

Why did Justera Health (SCRSF) change its fiscal year end date?

Justera Health changed its fiscal year end to align its reporting cycle more closely with operational and strategic planning objectives.

What changes did Justera Health (SCRSF) announce on April 30, 2025?

On April 30, 2025, Justera Health announced two major changes: Richard Yoon's resignation from the Board of Directors and a shift in fiscal year end from December 31 to March 31.