InMed Pharmaceuticals Inc. announced on February 8, 2024, the Board of Directors of the company appointed Ms. N. Netta Neeta Jagpal (aged 51) to serve, effective as of February 20, 2024 (the Effective Date), as Chief Financial Officer of the Company. In her role as Chief Financial Officer, Ms. Jagpal shall formally assume the duties of the Company's principal financial officer and principal accounting officer immediately following the Effective Date. The Company and Ms. Jagpal have entered into an employment agreement, effective as of the Effective Date, to memorialize her employment with the Company.

Pursuant to the terms of the Employment Agreement, Ms. Jagpal will serve as Chief Financial Officer as and from the Effective Date and will continue until terminated as provided for in the Employment Agreement. Mr. Jonathan Tegge will remain in his current role of Interim Chief Financial Officer, principal financial officer and principal accounting officer, including with respect to the filing of the Company?s Form 10-Q for the quarterly period ending December 31, 2023, up to and immediately prior to the Effective Date. In connection with the appointment of Ms. Jagpal as Chief Financial Officer, Mr. Tegge will cease, pursuant to the terms of his resignation delivered to the Company on February 8, 2024, to serve as the Company?s Interim Chief Financial Officer (and likewise, as the Company?s principal financial officer and principal accounting officer) immediately preceding the Effective Date and upon Ms. Jagpal?s appointment as Chief Financial Officer.

In conjunction with this appointment, Mr. Jonathan Tegge will be stepping down as Interim CFO effective February 20, 2024. Ms. Jagpal joins InMed with over 20 years of experience in financial leadership roles, primarily in the biotech industry. Prior to InMed, Ms. Jagpal served as Vice President, Financial Reporting & Compliance for D-Wave Systems Inc. where she led a finance team through the initial public offering process.

Prior to D-Wave, Netta spent 11 years at Zymeworks Inc., in various financial roles including Senior Director, Finance & Corporate Controller. Netta has also previously held roles at Angiotech Pharmaceuticals Inc. and Ernst & Young. Netta is a Chartered Professional Accountant with the Institute of Chartered Accountants of British Columbia and holds a Bachelor of Business Administration degree in Accounting and Organization Behaviour from Simon Fraser University.