Mike Tyson claims psilocybin mushrooms saved him from suicide

Mike Tyson says psychedelics saved his life, now he hopes they can change the world

After battling internal struggles that led him to the brink of suicide, Mike Tyson says he feels better than ever since using psilocybin for mental and spiritual exploration. Tyson is partnering with Wesana Health to bring awareness to the benefits of psilocybin, as he believes that it is an “amazing medicine” that should be accessible to the world because it could create “a more empathetic and just society”. Former NHL player Daniel Carcillo also participated in psilocybin treatment and claims that he is 100% cured of traumatic brain injury and related symptoms such as slurred speech, headaches, insomnia, anxiety, depression, and suicidal ideation.

PDF of article

Renowned Psychedelic Researcher, James Fadiman, PhD, Joins Wesana Health Scientific Advisory Board

TORONTO and CHICAGO, May 27, 2021 (GLOBE NEWSWIRE) — Wesana Health Holdings Inc. (“Wesana” or the “Company”) (CSE: WESA), an emerging data driven life sciences company focused on developing innovative approaches for better understanding, protecting and improving neurological health and performance, including through the advancement of psychedelic medicines, today announced the addition of renowned psychedelics researcher, psychologist, and writer, James Fadiman, PhD, to its Scientific Advisory Board. In this role, Dr. Fadiman will provide strategic guidance and direction to Wesana’s scientific research efforts related to psychedelic-assisted psychotherapy to treat traumatic brain injury (TBI).

Called “America’s wisest and most respected authority on psychedelics and their use” Dr. Fadiman is a pioneer of psychedelics research who has played a seminal role in the study of psychology and psychedelics for over 50 years. Dr. Fadiman’s body of work underlies the current study and understanding of psychedelic medicines, including identification of guidelines for employing them safely and effectively across a range of applications.

On his appointment, Dr. Fadiman said, “The opportunity to realize the promise that these medicines represent is, after many years, finally coming to fruition. It’s very important me to ensure that the research on psychedelics is applied in the most effective way. I am very pleased to be joining Wesana’s scientific board in order to apply my knowledge to help those suffering from traumatic brain injury, migraine and related conditions, as well as to support Wesana’s long term innovation for improving neurological health.”

“Jim quite literally built much of the foundation on which nearly all of the current psychedelics research and understanding has been based. His knowledge and appreciation of the therapeutic value of psychedelic treatment is unmatched and his years of experience will provide invaluable guidance as we develop treatments for traumatic brain injury and other neurological ailments,” said Daniel Carcillo, co-founder and CEO of Wesana Health.

“Wesana’s Scientific Advisory Board will ensure that the extensive research we are performing will stand up under the highest level of scrutiny from the scientific community and ensure that we are operating at a level unmatched in the growing psychedelics industry. Dr. Fadiman will play an important leadership role as we continue to execute on our strategic research goals,” added Chad Bronstein, co-founder and Executive Chairman.

James Fadiman earned his BA from Harvard and his PhD from Stanford and has held a variety of teaching, consulting, training, counseling and editorial positions. He has served on a number of for profit and non-profit companies and has taught in psychology departments, as well as in design engineering. He has published textbooks, professional books, a self-help book, a novel, and a series of videos, Drugs: the children are choosing, for National Public Television. He has been involved in psychedelic research for more than fifty years, the last ten years uncovering and researching microdosing.

About Wesana
Wesana is an emerging life sciences company championing the development and delivery of psychedelic and naturally-sourced therapies to treat traumatic brain injury (TBI). Through extensive clinical research and academic partnerships, Wesana is developing evidence-based formulations and protocols that empower patients to overcome neurological, psychological and mental health ailments caused by trauma.

Learn more at www.wesanahealth.com

Forward-Looking Information and Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to future partnerships, collaborative research and the focus of the Company’s business. Any such forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”, “contemplates”, “believes”, “projects”, “plans” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance regarding the participation in, or success of, partnerships or collaborative research or that the Company will continue its business as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law. Readers are encouraged to refer to the Listing Statement filed on Company’s profile on SEDAR at www.sedar.com for information as to the risks and other factors which may affect the Company’s business objectives and strategic plans.

For more information, please contact:

Investor Contact:
Allison Soss
KCSA Strategic Communications
Email: WesanaIR@kcsa.com
Phone: 212-896-1267

Media Contact:
Nick Opich / Annie Graf
KCSA Strategic Communications
Email: Wesana@kcsa.com
Phone: 212-896-1206 / 786-390-2644

On behalf of the Board of Directors:
Daniel Carcillo, Chief Executive Officer
Phone: (773) 236-7972

 

Primary Logo

Source: Wesana Health

Wesana Health Expands Research Leadership Team with Mark Wingertzahn, PhD as Chief Scientific Officer

TORONTO and CHICAGO, May 21, 2021 (GLOBE NEWSWIRE) — Wesana Health Holdings Inc. (“Wesana” or the “Company”) (CSE: WESA), an emerging data-driven life sciences company focused on developing innovative approaches for better understanding, protecting and improving neurological health and performance, including through the advancement of psychedelic medicines, today announced the expansion of its executive leadership team with the hire of Mark Wingertzahn, PhD, as Chief Scientific Officer. In this role, Dr. Wingertzahn will be responsible for leading Wesana’s scientific research and drug development, as well as tactical implementation of Wesana’s nonclinical programs and regulatory strategy.

In his previous roles, Dr. Wingertzahn led Global Clinical Development, Toxicology, Preclinical Medicine and Drug Safety teams for drug development and approval in every major worldwide market. He led the Medical and Scientific Affairs and Clinical Development teams at both GSK and Pfizer and successfully gained regulatory approval for five first-in-class products across three first-in-class indications. Dr. Wingertzahn is an Instructor of Pediatrics at NYU (Medicine) and Associate Professor of Life Sciences & Allied Health at the NY Institute of Technology College of Osteopathic Medicine.

“Mark’s unparalleled expertise in drug and scientific development will be a critical component in driving Wesana’s clinical programs. His leadership as Chief Scientific Officer will ensure that Wesana is positioned to advance these treatments in development and more quickly meet the needs of the many people who suffering from TBI and related conditions,” said Daniel Carcillo, co-founder and CEO of Wesana Health.

“As head of Wesana’s Research Leadership Team, Mark brings exceptional leadership experience from a drug development background on a truly global scale. He will play an important part in continuing to execute on our strategic plan through the creation and execution of a best-in-class clinical trial and drug development program,” added Chad Bronstein, co-founder and Executive Chairman.

About Wesana
Wesana is an emerging life sciences company championing the development and delivery of psychedelic and naturally-sourced therapies to treat traumatic brain injury (TBI). Through extensive clinical research and academic partnerships, Wesana is developing evidence-based formulations and protocols that empower patients to overcome neurological, psychological and mental health ailments caused by trauma.

Learn more at www.wesanahealth.com.

Forward-Looking Information and Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s ability to advance psychedelic medicines, including development of evidence-based formulations and protocols, its ability to implement clinical and nonclinical programs and the focus of the Company’s business. Any such forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”, “contemplates”, “believes”, “projects”, “plans” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance regarding the Company’s ability to advance psychedelic medicines, including development of evidence-based formulations and protocols, its ability to implement clinical and nonclinical programs or that the Company will continue its business as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law. Readers are encouraged to refer to the Listing Statement filed on Company’s profile on SEDAR at www.sedar.com for information as to the risks and other factors which may affect the Company’s business objectives and strategic plans.

For more information, please contact:

Investor Contact:
Allison Soss
KCSA Strategic Communications
Email: WesanaIR@kcsa.com
Phone: 212-896-1267

Media Contact:
Nick Opich / Annie Graf
KCSA Strategic Communications
Email: Wesana@kcsa.com
Phone: 212-896-1206 / 786-390-2644

On behalf of the Board of Directors:
Daniel Carcillo, Chief Executive Officer
Phone: (773) 236-7972

 

Primary Logo

Source: Wesana Health

The World Boxing Council and Wesana Health Announce Multi-Year Joint Efforts to Research the Impact of Psychedelics on Traumatic Brain Injury

WBC is sport’s first global governing body to study psychedelics to examine the unprecedented step to protect the long-term health of its athletes

MEXICO CITY and TORONTO and CHICAGO, May 13, 2021 (GLOBE NEWSWIRE) — The World Boxing Council (“WBC”), boxing’s elite sanctioning body, and Wesana Health Holdings Inc. (“Wesana”) (CSE: WESA), an emerging data driven life sciences company focused on developing innovative approaches for better understanding, protecting and improving neurological health and performance, including through the advancement of psychedelic medicines, have announced a multi-year clinical research joint project to examine the therapeutic potential of psychedelics (psilocybin) at reducing the effects and symptoms of traumatic brain injury (TBI) suffered by its boxers.

“Boxing is, by nature, a violent sport. Athletes who enter the ring are at risk of developing traumatic brain injury, and the WBC is committed to study all available avenues to help ensure the long-term mental and physical health of our athletes. We have been involved in research studies of the impact of TBI with partners since the 1970’s and Wesana’s approach holds strong potential for curing this debilitating condition and improving brain and mental health. This partnership represents hope for those affected by TBI,” said Mauricio Sulaiman, President of the World Boxing Council.

The WBC will provide Wesana with access to de-identified TBI data from voluntary current and former boxers. In addition to collaboration on research studies, Wesana will be working with academic partners to create personalized brain health baselines, diagnostic, rehabilitation, and cognitive optimization programs.

“Active observation of athletes vulnerable to traumatic brain injury – like boxers – is a valuable part of current cutting-edge research into the treatment of traumatic brain injury. Collection and normalization of that data is critical to developing and refining treatments and protecting the next generation of athletes,” said Dr. Joe Clark of the University of Cincinnati’s renowned neuroscience program.

“The WBC is showing unprecedented foresight in working with Wesana to research the impact and value that psychedelic medicines and other evidence-based modalities can have on TBI suffered in the ring,” said Daniel Carcillo, CEO of Wesana. “The research and clinical trials undertaken in partnership with the WBC will yield data which can inform treatments for anyone suffering a TBI, from soldiers returning from the battlefield to women suffering trauma from domestic abuse. Millions of people around the world experience injuries impacting their brain health, and we are confident in the therapeutic impact psychedelics will have to cure TBI and its associated symptoms like anxiety and depression.”

About Wesana
Wesana is an emerging life sciences company championing the development and delivery of psychedelic and naturally-sourced therapies to treat traumatic brain injury (TBI). Through extensive clinical research and academic partnerships, Wesana is developing evidence-based formulations and protocols that empower patients to overcome neurological, psychological and mental health ailments caused by trauma.

Learn more at www.wesanahealth.com

About the World Boxing Council
The World Boxing Council is Boxing’s elite sanctioning body and has as its maximum priority to work and protect athlete’s safety and health inside and outside of the boxing ring. The WBC was founded in 1963 and now comprises 167 countries from around the world. Some of their greatest champions include Muhammad Ali, Mike Tyson, Julio César Chávez, Oscar de La Hoya, Sugar Ray Leonard, Floyd Mayweather, Manny Pacquiao and Saúl “Canelo” Álvarez among others.

Forward-Looking Information and Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to future partnerships, collaborative research and the focus of the Company’s business. Any such forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”, “contemplates”, “believes”, “projects”, “plans” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance regarding the participation in, or success of, partnerships or collaborative research or that the Company will continue its business as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law. Readers are encouraged to refer to the Listing Statement filed on Company’s profile on SEDAR at www.sedar.com for information as to the risks and other factors which may affect the Company’s business objectives and strategic plans.

For more information, please contact:

Investor Contact:
Allison Soss
KCSA Strategic Communications
Email: WesanaIR@kcsa.com
Phone: 212-896-1267

Media Contact:
Nick Opich / Annie Graf
KCSA Strategic Communications
Email: Wesana@kcsa.com
Phone: 212-896-1206 / 786-390-2644

On behalf of the Board of Directors:
Daniel Carcillo, Chief Executive Officer
(773) 236-7972

 

Primary Logo

Source: Wesana Health

Wesana Health Commences Trading on the CSE

TORONTO and CHICAGO, May 10, 2021 (GLOBE NEWSWIRE) — Wesana Health Holdings Inc. (“Wesana” or the “Company”) (CSE: WESA), formerly Debut Diamonds Inc., is pleased to announce that its shares will commence trading on the Canadian Securities Exchange (“CSE”) today, Monday, May 10, 2021 under the ticker symbol “WESA.”

“Following the completion of our go public transaction, we’re thrilled to embark on this journey as a public company listing on the CSE. As a CSE listed company, we will be able to increase engagement with our shareholders and the investment community as we continue to execute on our mission to develop alternative treatment solutions for traumatic brain injury,” said Daniel Carcillo, CEO of Wesana Health.

About Wesana Health
Wesana Health is an emerging life sciences company championing the development and delivery of psychedelic and naturally-sourced therapies to treat traumatic brain injury (TBI). Through extensive clinical research and academic partnerships, Wesana Health is developing evidence-based formulations and protocols that empower patients to overcome neurological, psychological and mental health ailments caused by trauma.

Learn more at www.wesanahealth.com

Forward-Looking Information and Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to trading on the CSE and the focus of the Company’s business. Any such forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”, “contemplates”, “believes”, “projects”, “plans” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the listing and trading of the Company’s shares on the CSE will occur or that the Company will continue its business as described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law. Readers are encouraged to refer to the Listing Statement filed on Company’s profile on SEDAR at www.sedar.com for information as to the risks and other factors which may affect the Company’s business objectives and strategic plans.

For more information, please contact:

Investor Contact:
Allison Soss
KCSA Strategic Communications
Email: WesanaIR@kcsa.com
Phone: 212-896-1267

Media Contact:
Nick Opich / Brittany Tibaldi
KCSA Strategic Communications
Email: Wesana@kcsa.com
Phone: 212-896-1206 / 347-487-6794

On behalf of the Board of Directors:
Daniel Carcillo, Chief Executive Officer

 

Primary Logo

Source: Wesana Health

Wesana Health Announces Closing of Reverse Takeover Transaction

Shares Expected to Commence Trading on the CSE Under Symbol “WESA” on or about May 10, 2021

TORONTO and CHICAGO, May 06, 2021 (GLOBE NEWSWIRE) — Wesana Health Holdings Inc. (“Wesana” or the “Company”) (CSE: WESA), formerly Debut Diamonds Inc. (CSE:DDI), announces the successful closing of its previously announced reverse takeover (“RTO”) of Debut Diamonds Inc. (“Debut”) by Wesana Health Inc.

In connection with the RTO transaction, a wholly-owned subsidiary of Debut merged with and into Wesana Health Inc., and all of the outstanding shares of Wesana Health Inc. were exchanged for shares of Debut, and Debut continued into the Province of British Columbia, changed its name to “Wesana Health Holdings Inc.”, consolidated its outstanding common shares on an approximately 28 for 1 basis and redesignated such shares as subordinate voting shares (the “Subordinate Voting Shares”). The Company now focuses on the business of Wesana Health Inc., which includes psilocybin-based medicine development and research that targets traumatic brain injury and other mental health ailments caused by trauma.

As previously announced, Wesana Health Inc. closed C$16.1 million in an oversubscribed private placement of subscription receipts through a special purpose financing vehicle ahead of the RTO. The round included existing investors Ambria Capital, LLC, as well as new investors JLS Fund, K2 & Associates, Sol Global, and George Steinbrenner IV. In connection with the RTO transaction, such subscription receipts were indirectly exchanged for Subordinate Voting Shares and warrants of the Company.

Commencement of Trading

On April 28, 2021, the Company received the conditional approval from the Canadian Securities Exchange (“CSE”) for the listing of the Subordinate Voting Shares that resulted from the closing of the RTO. The Company expects to commence trading on the CSE on or about Monday, May 10, 2021 under the symbol “WESA.”

The Company currently has 12,578,997 outstanding Subordinate Voting Shares, 134,418 outstanding super voting shares of the Company (“Super Voting Shares”) convertible into 6,720,900 additional Subordinate Voting Shares and 133,034 outstanding multiple voting shares of the Company (“Multiple Voting Shares”) convertible into 6,651,700 additional Subordinate Voting Shares.

New Board and Management

Following the RTO, the leadership team of the Company is as follows:

  • Daniel Carcillo — Chief Executive Officer and Director
  • Zed Wang – Chief Financial Officer
  • Mark Wingertzahn, PhD — Chief Scientific Officer
  • Dawn McCollough —Chief Operating Officer
  • Stephan Bart, MD CPI — Chief Medical Officer
  • Israel Mirsky — Chief Strategy Officer
  • Chad Bronstein — Executive Chairman
  • Mitch Kahn — Director
  • Robert Koffman – Director
  • George Michael Steinbrenner IV — Director

Additional information related to the Company’s business, capitalization and the RTO (including the members of the management team and board of directors listed above) will be available in the Company’s listing statement (the “Listing Statement”), which will be filed under the Company’s profile on SEDAR at www.sedar.com prior to the commencement of trading.

Early Warning Disclosure

Daniel Carcillo of Chicago, Illinois, the Chief Executive Officer of the Company, will file an early warning report in accordance with National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues related to the acquisition of 134,418 Super Voting Shares in connection with the closing of the RTO (the “Closing”).

Immediately prior to the Closing, Mr. Carcillo did not, directly or indirectly, hold any shares of the Company. Immediately following the Closing, he holds, directly, an aggregate of 134,418 Super Voting Shares (representing 100% of the issued and outstanding Super Voting Shares and, if converted into Subordinate Voting Shares, assuming the conversion of all Super Voting Shares and Multiple Voting Shares, 25.9% of then outstanding Subordinate Voting Shares). The shares held by Mr. Carcillo are for investment purposes, and are subject to an escrow time based release schedule, as more particularly described in the Listing Statement. Mr. Carcillo currently has no plans or intentions that relate to, or would result in, any of the actions requiring disclosure under the early warning reporting provisions of applicable securities laws. In accordance with applicable securities laws, Mr. Carcillo may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments of the Company in the open market or otherwise, and reserves the right to dispose of any or all of such securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to such securities, the whole depending on market conditions, the business and prospects of the Company and other relevant factors, subject to applicable escrow restrictions. A copy of the early warning report will be filed by Mr. Carcillo under the Company’s profile on SEDAR at www.sedar.com or may be obtained by contacting Allison Soss at 212-896-1267.

Chad Bronstein of Chicago, Illinois, the Executive Chairman of the Company, will file an early warning report in accordance with National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues related to the acquisition of 39,000 Multiple Voting Shares in connection with the Closing.

Immediately prior to the Closing, Mr. Bronstein did not, directly or indirectly, hold any shares of the Company. Immediately following the Closing, he holds or controls, directly and indirectly, an aggregate of 39,000 Multiple Voting Shares (representing 29.3% of the issued and outstanding Multiple Voting Shares and, if converted into Subordinate Voting Shares, assuming the conversion of all Super Voting Shares and Multiple Voting Shares, 7.5% of then outstanding Subordinate Voting Shares). Mr. Bronstein owns or controls 37,700 Multiple Voting Shares held by an associated holding company, SRB Ventures LLC, as well as 1,300 Multiple Voting Shares held by his wholly-owned holding company, CTB Capital LLC. The shares held or controlled by Mr. Bronstein are for investment purposes and are subject to an escrow time based release schedule, as more particularly described in the Listing Statement. Mr. Bronstein currently has no plans or intentions that relate to, or would result in, any of the actions requiring disclosure under the early warning reporting provisions of applicable securities laws. In accordance with applicable securities laws, Mr. Bronstein may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments of the Company in the open market or otherwise, and reserves the right to dispose of any or all of such securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to such securities, the whole depending on market conditions, the business and prospects of the Company and other relevant factors, subject to applicable escrow restrictions. A copy of the early warning report will be filed by Mr. Bronstein under the Company’s profile on SEDAR at www.sedar.com or may be obtained by contacting Allison Soss at 212-896-1267.

About Wesana Health
Wesana Health is an emerging life sciences company championing the development and delivery of psychedelic and naturally-sourced therapies to treat traumatic brain injury (TBI). Through extensive clinical research and academic partnerships, Wesana Health is developing evidence-based formulations and protocols that empower patients to overcome neurological, psychological and mental health ailments caused by trauma.

Learn more at www.wesanahealth.com

For more information, please contact:

Investor Contact:
Allison Soss
KCSA Strategic Communications
Email: WesanaIR@kcsa.com
Phone: 212-896-1267

Media Contact:
Nick Opich / Brittany Tibaldi
KCSA Strategic Communications
Email: Wesana@kcsa.com
Phone: 212-896-1206 / 347-487-6794

On behalf of the Board of Directors:
Daniel Carcillo, Chief Executive Officer

Forward-Looking Information and Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the proposed listing on the CSE, the focus of the Company’s business, and intentions of those subject to early warning disclosure requirements. Any such forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”, “contemplates”, “believes”, “projects”, “plans” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Statements about, among other things, the expected listing and trading on the CSE, Wesana’s strategic plans and the intentions of those subject to early warning disclosure requirements are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the listing and trading of the Company’s shares on the CSE will occur or that, if they do occur, they will be completed on the terms and timing described above. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law. Readers are encouraged to refer to the Listing Statement for information as to the risks and other factors which may effect the Company’s business objectives and strategic plans.

 

Primary Logo

Source: Wesana Health

Wesana Health and Debut Announce Receipt of Conditional Approval for CSE Listing

TORONTO and CHICAGO, April 28, 2021 (GLOBE NEWSWIRE) — Wesana Health Inc. (“Wesana”) and Debut Diamonds Inc. (“Debut”) (CSE: DDI), today announced that they have obtained conditional approval from the Canadian Securities Exchange (“CSE”) for the listing of the subordinate voting shares that will result from the previously announced reverse takeover (“RTO”) of Debut by Wesana.

In connection with the RTO transaction, Wesana will amalgamate with a wholly-owned subsidiary of Debut, all of the outstanding shares of Wesana will be exchanged for shares of Debut, and Debut will change its name to “Wesana Health Holdings Inc.”

Final approval from the CSE is subject to Wesana and Debut meeting certain conditions required by the CSE, which includes completion of the RTO transaction. Upon receipt of the final approval, it is expected that Wesana Health Holdings Inc. will commence trading of its shares on the CSE under the ticker symbol “WESA.”

About Wesana Health
Wesana Health is an emerging life sciences company championing the development and delivery of psychedelic and naturally-sourced therapies to treat traumatic brain injury (TBI). Through extensive clinical research and academic partnerships, Wesana Health is developing evidence-based formulations and protocols that empower patients to overcome neurological, psychological and mental health ailments caused by trauma.

Learn more at www.wesanahealth.com

About Debut Diamonds Inc.
Debut Diamonds Inc. is a mineral exploration company with no current activities or operations.

For more information, please contact:

Investor Contact:
Allison Soss
KCSA Strategic Communications
Email: WesanaIR@kcsa.com
Phone: 212-896-1267

Media Contact:
Nick Opich / Brittany Tibaldi
KCSA Strategic Communications
Email: Wesana@kcsa.com
Phone: 212-896-1206 / 347-487-6794

Forward-Looking Information and Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws relating to the proposal to complete the RTO, listing on the CSE and associated transactions. Any such forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”, “contemplates”, “believes”, “projects”, “plans” and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. Statements about, among other things, the expected terms of the RTO, Wesana’s strategic plans and the parties’ ability to satisfy closing conditions and receive necessary approvals in order to complete the RTO and associated transactions are all forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the RTO transaction will occur or that, if they do occur, they will be completed on the terms described above. Debut and Wesana assume no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law.

 

Primary Logo

Source: Wesana Health

Wesana Health Adds Israel Mirsky as Chief Strategy Officer

CHICAGO, April 27, 2021 (GLOBE NEWSWIRE) — Wesana Health Inc. (“Wesana” or the “Company”), an emerging life sciences company focused on developing innovative approaches for better understanding, protecting and improving neurological health and performance, including through the advancement of psilocybin-based medicine, today announced that Israel Mirsky has been appointed Chief Strategy Officer.

“I am deeply passionate about Wesana’s vision for the future of brain health, and the broad positive impacts more effective therapies in this area could have,” said Mr. Mirsky. “I am eager to develop initiatives and insight that help achieve Wesana’s goals and to continue building critical relationships for the company. Wesana has made tremendous progress already and I’m thrilled to join at this pivotal moment.”

Israel Mirsky is a cross-disciplinary technologist with a focus on anticipating and adjusting to the behavioral, cultural and ethical implications of rapid change. Most recently, Israel led global technology and emerging platforms at OMD, Adweek’s Global Media Agency of the Year for 2019 and 2020 and the world’s largest media network. There he was responsible for empowering teams around the world to deliver better business decisions, faster for many of the Fortune 500, including SCJ, SAP, Disney and many others, as well as for future proofing client business, thought leadership and technology product development.

Previously, he led the global Intel business for OMD, headed performance and social products for Omnicom’s marketing technology unit Annalect, and built out the emerging media and technology practice and cross-channel analytics teams for global PR firm Porter Novelli. In earlier roles, he has worked in artificial intelligence for programmatic marketing and in media technology consulting, leveraging his background in computer science.

“Israel’s expertise as a global strategic innovator will help make Wesana a leader in helping those who are currently facing neurological challenges including Traumatic Brain Injury,” said Daniel Carcillo, CEO of Wesana Health. “He has a track record of uncovering business critical insights and developing initiatives that translate into outstanding business results.”

About Wesana Health

Wesana Health is an emerging life sciences company championing the development of innovative approaches for better understanding, protecting and improving neurological health and performance. Through extensive clinical research and academic partnerships, Wesana Health is developing evidence-based formulations and protocols, including psilocybin-based therapies, that empower patients to overcome neurological, psychological and mental health ailments caused by trauma.

Learn more at www.wesanahealth.com.

On February 2, 2021, Wesana Health entered into a definitive agreement with Debut Diamonds Inc. (“Debut”) (CSE: DDI) to complete a business combination by way of a transaction (the “Transaction”) that will constitute a reverse takeover of Debut by Wesana Health. Upon closing of the transaction, Debut will change its name to Wesana Health Holdings Inc. and all of its directors and executive officers will resign and the board of directors and executive officers of Wesana Health Holdings Inc. will be comprised of the nominees of Wesana Health. Closing of the Transaction remains subject to satisfying various customary conditions precedent, including receipt of applicable regulatory and shareholder approvals.

For more information, please contact:

Investor Contact:
Allison Soss
KCSA Strategic Communications
Email: WesanaIR@kcsa.com
Phone: 212-896-1267

Media Contact:
Nick Opich
KCSA Strategic Communications
Email: Wesana@kcsa.com
Phone: 212-896-1206

Fallon Carter
KCSA Strategic Communications
Email: Wesana@kcsa.com
Phone: 212-896-1206

 

Primary Logo

Source: Wesana Health

Wesana Health Announces Closing of C$16.1 Million Oversubscribed Private Placement

Appoints George Steinbrenner IV to its Board of Directors

CHICAGO, March 31, 2021 (GLOBE NEWSWIRE) — Wesana Health Inc. (“Wesana” or the “Company”), an emerging life sciences company committed to patient empowerment and the advancement of psilocybin-based medicine to improve health and wellness, today announced the successful closing of its approximately C$16.1 million oversubscribed private placement through a special purpose financing vehicle ahead of completing its go-public transaction. The round included existing investors Ambria Capital, LLC, as well as new investors JLS Fund, K2 & Associates, Sol Global, and George Steinbrenner IV.

“We are grateful to have the strong support from new and existing institutional investors as we close this oversubscribed financing. When we set out to establish Wesana, we were personally very motivated to bring alternative treatments to market for those suffering from traumatic brain injury. To our great pleasure we were able to find investors that are equally as motivated in not only our business model, but in the importance and unmet need for the innovative treatments we are developing. Enhancing our institutional ownership through this financing is a key step to providing us with the necessary capital to continue our clinical development,” said Daniel Carcillo, Co-Founder and CEO of Wesana Health.

Proceeds from the financing will be used primarily to fund the Company’s preclinical and clinical development of psychedelic-assisted therapy to treat traumatic brain injury (TBI). The financing will also allow for the Company to scale its senior leadership team as it works to deliver on key milestones.

Board of Directors Appointment

In addition to participating in the latest financing, George Steinbrenner IV has joined the Wesana Board of Directors. A life-long racing enthusiast, Steinbrenner IV has taken the approach of learning the business of motorsport from the ground up, beginning as an intern at Bryan Herta Rallysport in the Red Bull Global Rallycross Series ahead of forming Steinbrenner Racing in 2016. While a young team, Steinbrenner Racing and George Steinbrenner IV have achieved notable successes, including a 2019 win at Circuit of The Americas where Steinbrenner IV became the youngest-ever winning team owner in NTT INDYCAR Series history. Steinbrenner IV has continued expanding his business portfolio, launching driver talent agency Steinbrenner Management, business incubator Steinbrenner Business and the George4 Foundation to extend a family practice of philanthropy.

“Tremendous advancements in science have finally given us the tools to recognize and better understand the consequences of traumatic brain injuries, especially those that occur often in professional sports. It’s critical that we continue to push forward in this field to deliver innovative treatment options that can help people recover from the neurological and psychological damage associated with that trauma. In my field, it is disheartening to see athletes struggle following traumatic injury and seek out treatment after treatment that fails to improve their life and well-being. My team and I have done our due diligence and were blown away by the roadmap that Wesana has put forth to leverage new natural therapies for TBI. I am excited to join the Wesana Board and invest in the business to further support their growth strategy through continued research and clinical trials,” commented George Steinbrenner IV.

“I’m pleased to welcome George to the Board. Together, we will focus on pursuing integrated research opportunities between Wesana and the major sports leagues to eradicate the long-term ramifications of TBI. George’s large sports network, including close ties to NTT INDYCAR Series Racing and Major League Baseball, will provide us with access to and an ability to collaborate with these leagues and organizations that are at the forefront of assessing stringent concussion protocols. We look forward to leaning on George’s knowledge and experience as we explore various research synergies,” said Chad Bronstein, Executive Chairman of Wesana Health. “Further, I’m excited to see an impressive group of investors including George support Wesana in this financing.”

About Wesana Health
Wesana Health is an emerging life sciences company championing the development and delivery of psychedelic and naturally-sourced therapies to treat traumatic brain injury (TBI). Through extensive clinical research and academic partnerships, Wesana Health is developing evidence-based formulations and protocols that empower patients to overcome neurological, psychological and mental health ailments caused by trauma.

Learn more at www.wesanahealth.com

On February 2, 2021, Wesana Health entered into a definitive agreement with Debut Diamonds Inc. (“Debut”) to complete a business combination by way of a transaction (the “Transaction”) that will constitute a reverse takeover of Debut by Wesana Health. Upon closing of the transaction, Debut will change its name to Wesana Health Holdings Inc. and all of its directors and executive officers will resign and the board of directors and executive officers of Wesana Health Holdings Inc. will be comprised of the nominees of Wesana Health. Closing of the Transaction remains subject to satisfying various customary conditions precedent, including receipt of applicable regulatory and shareholder approvals.

For more information, please contact:

Investor Contact:
Allison Soss
KCSA Strategic Communications
Email: WesanaIR@kcsa.com
Phone: 212-896-1267

Media Contact:
Nick Opich / Brittany Tibaldi
KCSA Strategic Communications
Email: Wesana@kcsa.com
Phone: 212-896-1206 / 347-487-6794

 

Primary Logo

Source: Wesana Health

Wesana Health Closes $4 Million Convertible Note Round

Funding to support Company’s entrance into the psychedelics space

New additions to senior management and leadership teams

CHICAGO, Jan. 21, 2021 /PRNewswire/ — Wesana Health, an emerging life sciences company committed to patient empowerment and the advancement of psilocybin-based medicine to improve health and wellness, has announced the close of a $4 million convertible note financing round. The company also announced new additions to its senior leadership team.

Wesana Health Raises Funds to Enter the Psychedelics Space

The $4 million round, led by The Conscious Fund and Ambria Capital, LLC, provides funding to support the Company’s entry into the emerging psychedelics space. The proceeds will allow Wesana to begin preclinical and clinical work on the use of psychedelic-assisted therapy to treat traumatic brain injury (TBI) as well as regulatory applications including Investigational New Drug (IND) filings with the Food and Drug Administration (FDA), and Investigational Medicinal Product Dossier (IMPD) filings with Health Canada. In addition, the funds will support the build out of Wesana’s staffing and senior leadership teams.

“Partners such as The Conscious Fund and Ambria Capital, two of the leading venture investment firms in the psychedelic space, validate the Wesana business model as we enter into the next phase of our mission to improve the quality of life and overall well-being of those suffering from traumatic brain injury,” said Daniel Carcillo, Co-Founder and CEO of Wesana Health. “As someone who has personally suffered from the debilitating repercussions of repeated trauma to the brain, I know firsthand that mental healthcare in our society is greatly lacking due to poor treatment options. Our focus is on removing the stigma that exists around neurological disorders and advancing psychedelic-based therapies that will allow people to retake control of their health and overcome their trauma.”

Daniel Carcillo is a former professional hockey player who won two Stanley Cup Championships with the Chicago Blackhawks before being forced to retire at the age of 30 due to post-concussion syndrome. In the years following his professional hockey career, Carcillo has been steadfastly focused on researching and developing natural-sourced neurological treatment regimens to treat TBI. Daniel is a leading advocate for the emerging psychedelics space and sits on the board of the Heroic Hearts Project, a registered 501(c)(3) non-profit that connects military veterans struggling with mental trauma to psychedelic therapy options including ayahuasca, psilocybin and ketamine.

“As one of the leading early-stage psychedelic medicine venture funds, we were impressed by Daniel’s evolution from advocate for TBI sufferers, to creating an elite team with Chad, going from speaking out to solving real world challenges,” said Henri Sant-Cassia, Founding Partner of The Conscious Fund.

“Passionate people are at the heart of every successful medical effort, and we are pleased to continue to support the dedicated teams behind them,” said Cody Shandraw, Director for Ambria Capital, LLC. “Based upon Daniel’s tireless advocacy work, the company’s clinical development plan, and continued growth of their patent portfolio, we feel that Wesana is positioning itself for success in the future. We are confident that our investment will help capitalize on opportunities as they arise and accelerate the execution of their overall business plan.”

New Additions to Senior Management and Leadership Teams

Wesana Health announced several new members of the Company’s senior leadership and management teams with the additions of Chad Bronstein as Executive Chairman of the Board; Dawn McCollough as Chief Operating Officer; Ian McCall as Director of Athlete Relations; as well as the appointment of Mitch Kahn to the Company’s Board of Directors.

Mr. Bronstein, a Co-Founder of Wesana Health, has been appointed to serve as Executive Chairman of the Board of Directors. In addition to his duties at Wesana, Mr. Bronstein currently serves as CEO of Fyllo, a leading technology company he founded in 2019 that provides media and compliance solutions to highly regulated industries. Mr. Bronstein has more than a decade of operating, capital raising and public markets expertise and, in his role as Executive Chairman, will leverage his extensive entrepreneurial experience to support the Company’s development and future growth.

Ms. McCollough joins Wesana Health as Chief Operating Officer with over 26 years of experience overseeing global clinical development activities including the approval of drugs and multiple flu and pandemic vaccines. Prior to joining Wesana Health, Ms. McCollough served as head of Medical Research Operations and Research Team in Late-Stage Development at Biogen. Ms. McCollough also previously served as Head of the Global Monitoring Organization for North America at Novartis Vaccines and Diagnostics.

Mr. McCall is a retired American mixed martial arts World Champion, CBD ambassador, psychedelic research and psilocybin advocate as well as coach and mentor. In his role as Director of Athlete Relations, McCall will work closely alongside Carcillo to recruit and enroll athletes suffering from TBI, and who have not been healed by traditional treatments for their conditions, in a series of psychedelic-assisted therapy clinical trials. In addition, McCall will serve as an ambassador for the Company leveraging his acute knowledge and relationships within the athlete community to educate his peers on the promise of psychedelic and mycelia-based medicines. Since his retirement in 2018, McCall has become one of the most prominent voices advocating for the safe use of psilocybin and plant medicines to treat professional sports injuries and drug dependence.

Mr. Kahn was the Founder and CEO of the largest private, vertically integrated cannabis operation in the United States, Grassroots Cannabis, which was recently purchased by Curaleaf Holdings. As CEO of Grassroots, Kahn led over 1100 employees across 11 states and obtained more than 60 regulatory licenses in the emerging cannabis sector. Kahn also serves as Co-Founder and Chairman of Frontline Real Estate Partners, a Chicago-based real estate investment and advisory company with expertise in the acquisition, development, management, disposition and leasing of commercial real estate properties throughout the United States with a focus on the Midwest. In addition to his role at Grassroots and board position with Wesana Health, Mr. Kahn also sits on the Board of Directors at Fyllo and Curaleaf.

“I’m thrilled to announce the newest additions to our leadership team as we push forward with a laser focus on delivering an innovative psychedelic-therapy program that will enhance how we treat traumatic brain injuries,” added Carcillo. “Leveraging the expertise of Chad, Dawn, Mitch and Ian, we are now in a position to pursue transformational opportunities and create therapies that will result in better outcomes for those suffering from various forms of mental illness.”

About Wesana Health
Wesana Health is an emerging life sciences company championing the development and delivery of psychedelic and naturally-sourced therapies to treat traumatic brain injury (TBI). Through extensive clinical research and academic partnerships, Wesana Health is developing evidence-based formulations and protocols that empower patients to overcome neurological, psychological and mental health ailments caused by trauma.

Learn more at www.wesanahealth.com

Cision View original content:http://www.prnewswire.com/news-releases/wesana-health-closes-4-million-convertible-note-round-301212481.html

SOURCE Wesana Health