Wesana Health Announces Change to The Board of Directors

Rhea-AI Summary

Wesana Health Holdings (CSE: WESA.X, OTC Pink: WSNAF) has announced significant changes to its board of directors. Mark Monaghan and Brendan Purdy have been appointed as new board members, while Robert Koffman and George Steinbrenner IV have resigned effective immediately.

Monaghan brings over 32 years of experience in investment banking and merchant banking. He currently serves as Managing Partner of a Latin American investment and advisory firm focused on growth companies and advises Kii Blockchain. His career includes completing billions in transactions for growth companies internationally. He holds degrees in economics and commerce from Queen's University and the University of Windsor.

Purdy joins as a practicing securities lawyer specializing in resource, life sciences, and technology sectors. His expertise includes public companies, capital markets, and mergers and acquisitions in Canadian junior equity markets. He holds a J.D. from the University of Ottawa and a Bachelor of Management and Organizational Studies from the University of Western Ontario.

Positive

• Addition of experienced board member with 32+ years in investment banking
• New director brings expertise in growth companies and blockchain technology
• Addition of securities lawyer with expertise in life sciences and capital markets

Negative

• Loss of two board members including George Steinbrenner IV

Chicago, Illinois and Toronto, Ontario--(Newsfile Corp. - January 24, 2025) - Wesana Health Holdings Inc. (CSE: WESA.X) (OTC Pink: WSNAF) (the "Company") is pleased to announce the appointment of Mark Monaghan and Brendan Purdy to its board of directors.

Mr. Monaghan has over 32 years of experience as an advisor, founder, and board member of investment banks and merchant banks. Mr. Monaghan is currently the Managing Partner of a Latin American based investment and advisory firm focused on growth companies, and an advisor to Kii Blockchain, a vertically integrated fintech company based in Colombia having the first blockchain ecosystem for emerging finance markets. Mr. Monaghan has served in senior executive roles with British and Canadian investment and advisory firms. Over the course of his career, he has completed billions of dollars of transactions for growth companies internationally. Mr. Monaghan holds a Bachelor of Arts in economics from Queen's University and a Bachelor of Commerce from the University of Windsor.

Mr. Purdy is a practicing securities lawyer focused on the resource, life sciences, and technology sectors. In his private practice, he has developed extensive experience with respect to public companies, capital markets, mergers and acquisitions, and other transactions fundamental to the Canadian junior equity markets. Prior to receiving his J.D. from the University of Ottawa, Mr. Purdy completed a Bachelor of Management and Organizational Studies degree from the University of Western Ontario, majoring in finance and administration.

The Company also announces the resignations of Robert Koffman and George Steinbrenner IV from their roles as Directors of the Company, effective immediately. The Company would like to thank Mr. Koffman and Mr. Steinbrenner for their contributions to the Company during their tenure.

ON BEHALF OF THE BOARD

Daniel Carcillo, Chairman and Chief Executive Officer
Phone: 702-329-8038

About Wesana Health

Wesana was an emerging life sciences company championing the development and delivery of psychedelic and naturally-sourced therapies to treat traumatic brain injury. The Company was developing evidence-based formulations and protocols that empower patients to overcome neurological, psychological and mental health ailments caused by trauma. It discontinued the psychedelics business and disposed of the assets in 2023 and is now looking for new business opportunities.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238396

FAQ

Who are the new board members appointed to Wesana Health (WSNAF) in January 2024?

Mark Monaghan and Brendan Purdy were appointed to Wesana Health's board of directors. Monaghan has 32 years of investment banking experience, while Purdy is a securities lawyer specializing in life sciences and technology sectors.

What experience does Mark Monaghan bring to Wesana Health's board (WSNAF)?

Mark Monaghan brings over 32 years of experience as an advisor, founder, and board member of investment banks. He is currently Managing Partner of a Latin American investment firm and advisor to Kii Blockchain, having completed billions in transactions internationally.

What is Brendan Purdy's background as new Wesana Health (WSNAF) director?

Brendan Purdy is a securities lawyer focused on resource, life sciences, and technology sectors, with extensive experience in public companies, capital markets, and mergers and acquisitions in Canadian junior equity markets.

Which board members resigned from Wesana Health (WSNAF) in January 2024?

Robert Koffman and George Steinbrenner IV resigned from their roles as Directors of Wesana Health, effective immediately.