As part of the new business plan, Salona Global Medical Device Corporation has promoted the Corporate Senior Controller of one of its operating subsidiaries, Natalia Vakhitova, to Chief Financial Officer. Ms. Vakhitova has over a decade of experience in accounting and finance with cross border publicly listed companies. Ms. Vakhitova, age 37, has served as the Corporate Senior Controller of the Company's subsidiary, Biodex Medical Systems Inc. since August 2023.

From June 2017 to January 2018, Ms. Vakhitova served as the Interim Chief Financial Officer of the Company's subsidiary, Inspira Financial Company. In addition, from 2017 to September 2020, Ms. Vakhitova was a consultant with Optima Corporate Consulting Inc. in the finance and accounting sector. In connection with her employment, Ms. Vakhitova will be paid an annual base salary of $250,000.

In addition, Ms. Vakhitova will be eligible to participate in the benefit programs generally available to executive officers of the Company. October 17, 2023, Dennis Nelson, the Company's Chief Financial Officer, Chief Accounting Officer and Treasurer, informed the Company of his resignation effective on October 17, 2023.