Wesana Health Holdings Inc. announced that it has announced a non-brokered private placement for gross proceeds of up to approximately CAD 3,785,400 on April 18, 2022. The Company is offering Subordinate Voting Share Units (SVU) at a price of CAD 0.73 per unit and Multiple Voting Share Units (MVS) at a price of CAD 36.50 per unit. Each SVS Unit will consist of one Subordinate Voting Share of the Company and one Subordinate Voting Share purchase warrant.

Each SVS Warrant will be exercisable by the holder thereof to acquire one additional SVS for a period of 36 months from the date of issue at an exercise price of CAD 0.90 per SVS. Each MVS Unit will consist of one Multiple Voting Share of the Company and one Multiple Voting Share purchase warrant. Each MVS Warrant will be exercisable by the holder thereof to acquire one additional MVS for a period of 36 months from the date of issue at an exercise price of CAD 45.00 per MVS.

Certain subscriptions under the transaction may be subject to finder's fees. The transaction may be closed in multiple tranches and is not subject to a minimum offering. Securities issued under the transaction will be subject to a four-month hold period under applicable Canadian securities laws.

The transaction is subject to certain conditions including compliance with the rules and policies of the Canadian Securities Exchange.