Lifeist Strengthens Board with New Appointment and Announces Changes to Chief Financial Officer and Auditor
14 Septiembre 2023 - 3:55PM
Lifeist Wellness Inc. (“Lifeist” or the “Company”) (TSXV:
LFST) (FRANKFURT: M5B) (OTCMKTS: LFSWF), a health-tech
company that leverages advancements in science and technology to
build breakthrough companies that transform human wellness, is
pleased to announce that John C. Sinclair has joined the Company’s
board of directors and has been appointed as Chief Financial
Officer (“CFO”), on an interim basis, until a suitable replacement
is found. Mr. Sinclair replaces Slava Klems, the former CFO, who is
leaving her current role with Lifeist to pursue new opportunities.
The Company is actively reviewing potential candidates for the
role. As a member of the board, Mr. Sinclair will also serve as the
chairperson of the Audit Committee.
“I am extremely pleased to welcome John to the
board of directors and as our interim CFO,” said Meni Morim, CEO of
Lifeist Wellness. “John is an accomplished leader with an
impressive track record of driving financial strategies across many
sectors. He has experience leading new business development,
strategic planning and oversight of all financial matters. John is
very familiar with Lifeist, as he was the Company’s audit partner
for several years, giving him a unique vantage point. I am
confident that his background and strong financial acumen makes him
a valuable addition to the board to continue Lifeist’s growth
trajectory and achieve our financial goals."
“I would also like to express my sincere
appreciation to Slava Klems for her outstanding financial and
strategic leadership during her tenure at Lifeist,” continued
Morim. "Her professional guidance has made a lasting impact on our
entire team, and we highly value her expertise. Slava will continue
to provide support to Lifeist as a consultant on an “as needed”
basis, which will provide invaluable support in maintaining
financial stability, driving strategic initiatives, and
facilitating a smooth transition to new leadership within our
organization. We extend our best wishes to her as she embarks on
the next chapter of her remarkable professional journey."
Mr. Sinclair is a highly accomplished Canadian
CPA with extensive experience in the field of finance, accounting,
and the audit of public companies. With a career spanning several
decades, he has served as Senior Partner with various audit firms
including Smith, Nixon LLP, Collins Barrow Toronto LLP, and Baker
Tilly WM LLP, including as Managing Partner of Baker Tilly WM LLP’s
Toronto office. During these tenures, Sinclair played a pivotal
role in initiating and driving growth, managing complex projects,
and providing superior financial advisory services to clients
around the world. Throughout his impressive career, Mr. Sinclair
has consistently demonstrated leadership, expertise, and a
relentless commitment to delivering exceptional results in the
world of finance and strategy.
The Company also announces that it has changed
its auditor from Baker Tilly WM LLP ("Former Auditor") to
Clearhouse LLP ("Successor Auditor") effective September 14,
2023. This change is being made at the request of the Company, as
part of our continued efforts to optimize our structure. The Former
Auditor resigned as the auditor of the Company
effective September 14, 2023, and the board of directors
of the Company appointed the Successor Auditor as the Company's
auditor effective September 14, 2023, until the next Annual
General Meeting of the Company, ensuring a seamless transition.
There were no reservations in the Former
Auditor's audit reports for the period commencing at the beginning
of Lifeist's two most recently completed financial years and ending
at the date of the resignation of the Former Auditor. There are no
"reportable events" (as the term is defined in National Instrument
51-102 – Continuous Disclosure Obligations ("NI 51-102"))
between the Company and the Former Auditor.
In accordance with NI 51-102, the notice of
change of auditor, together with the required letters from the
Former Auditor and the Successor Auditor, have been reviewed by the
board of directors of the Company and filed on SEDAR.
About Lifeist Wellness Inc.
Sitting at the forefront of the post-pandemic
wellness revolution, Lifeist leverages advancements in science and
technology to build breakthrough companies that transform human
wellness. Portfolio business units include: CannMart, which
operates a B2B wholesale distribution business facilitating
recreational cannabis sales to Canadian provincial government
control boards including for CannMart Labs, a BHO extraction
facility producing high margin cannabis 2.0 products; Australian
Vapes, one of Australia’s largest online retailers of vaporizers
and accessories; and Mikra, a biosciences and consumer wellness
company developing and selling innovative therapies for cellular
health.
Information on Lifeist and its businesses can be
accessed through the links below:
www.lifeist.com https://cannmart.com
https://www.roilty.co https://wearemikra.com/
www.australianvaporizers.com.au
Contact:
Meni Morim, Lifeist Wellness Inc., CEO Ph:
647-362-0390 Email: ir@lifeist.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release or has in any way approved
or disapproved of the contents of this press release.
Source: Lifeist Wellness Inc.
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