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Huxley Health Inc. provides corporate update, appoints Bruce Linton as chairman

(Globe Newswire) Toronto — Huxley Health Inc. is pleased to provide you with a comprehensive corporate update, highlighting significant milestones and developments that have shaped Huxley over the past year.

Key highlights:

• Acquisition of Sintalica Corp: Huxley strengthens its position in psychedelics-based treatments for Neuroinflammatory Disorders through the successful acquisition of Sintalica Corp.
• New Leadership: High profile additions creating a dynamic, experienced, new Board of Directors, and management team.
• R&D & Intellectual Property Portfolio: Huxley successfully filed over 10 U.S. Patents protecting its intellectual property portfolio, including candidates undergoing pre-clinical testing.
  

SINTALICA ACQUISITION
The company is pleased to announce that effective September 26, 2023, it completed a share purchase agreement to acquire 100 per cent of the issued and outstanding shares of Sintalica Corp. in exchange for 24,290,333 common shares of Huxley at a deemed price of $0.30 per share.

Sintalica is a Canadian drug discovery company operating through its Italian subsidiary focused on using psychedelics to create breakthrough treatments for neuroinflammatory disorders. Sintalica has filed four provisional patents for proprietary psychedelic molecules with unique properties, improved stability and safety profiles, and enhanced bioavailability.

BOARD OF DIRECTOR CHANGES

On November 15, 2023, Huxley welcomed a new board of directors, and formalized the resignation of Michael Marchese, who has served as the company’s sole director since inception. Huxley extends a warm thank you to Michael for his support and contributions.

APPOINTMENT OF BRUCE LINTON AS CHAIRMAN

Bruce Linton (Chairman)
Huxley Health is delighted to announce the appointment of Bruce Linton as chairman of its board of directors.

Bruce Linton is a proven disruptive leader in Technology, Cannabis, and Global Wellness Industries. Founder, former CEO, and chairman of Canopy Growth Corporation. Under his leadership Canopy achieved a peak valuation of over $20 billion CAD.

Bruce currently holds the role as chair of the advisory board of Red Light Holland Corp.

“As a co-founder and chairman of Huxley, I’m excited to help steward this innovative company and make a profound impact on healthcare discoveries.” Bruce Linton, Co-Founder and Chairman.

ADDITIONAL APPOINTMENTS

Fabian Monaco (Board Member)

As a lawyer and investment banker by profession, he has held roles in large multi-national legal firms and investment banks. Mr. Monaco is also the co-founder and former CEO of Gage Growth Corp., which was acquired by TerrAscend Corp., for $500M+ in 2022.

John Di Girolamo (Board Member)
John Di Girolamo is an experienced investor and entrepreneur with over twenty years of global business experience in public and private investments.

NEW MANAGEMENT ADDITIONS

Jared Rhines, MBA (Chief Executive Officer):
With over 30 years of pharmaceutical industry leadership experience, Mr. Rhines’ experience spans clinical research, regulatory affairs, sales, marketing, and market access in multiple therapeutic areas, including rare diseases, neurology, cardiology, and critical care. Jared along with five colleagues, founded INO Therapeutics, a company which was eventually acquired for $2.3B USD.

George Jackowski, PhD (Chief Science Officer):
Dr. George Jackowski, Ph.D. Has significantly impacted the Healthcare/Biotech Sector over a 35-year career, founding over 20 companies. Clearing 25 products through the US FDA, commercializing them globally, with revenues exceeding $10 billion USD, he holds over 200+ Issued patents.

Peter Kampian, CPA, CA, ICD.D (Chief Financial Officer):
35+ Years of financial management of publicly traded companies in regulated industries.