Havn Life Announces Changes to Board Composition and Departure of Ms. Rasode

Rhea-AI Summary

Havn Life Sciences Inc. (CSE:HAVN, OTC PINK:HAVLF) announced the immediate departure of President Ms. Barinder Rasode and the appointment of CEO Mr. Tim Moore as a director. Rasode expressed confidence in the company's future, having established a solid team. Chairman Vic Neufeld praised Rasode's contributions and emphasized the strength of the company's leadership under Moore, who has a strong biotech background. The company, focused on extracting psychoactive compounds for health products, is positioned for growth.

Positive

• Appointment of Tim Moore as a director, enhancing leadership with his biotech expertise.
• Barinder Rasode's departure aligns with the company's strategic positioning for future success.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / February 17, 2021 / Havn Life Sciences Inc. (CSE:HAVN)(OTC PINK:HAVLF)(FSE:5NP) (the "Company" or "Havn Life"), announces the departure of Ms. Barinder Rasode as President and as a director of the Company, effective immediately.

The Company also announces that its Chief Executive Officer, Mr. Tim Moore, has been appointed as a director of the Company.

Ms. Rasode commented, "We created Havn Life to benefit human health and harness the medicine found in nature. I am so pleased with how far we have come in such a short time. It was always my intention to leave once the right team was in place and the Company well-positioned for success. That time has come, and I leave with confidence and excitement about the Company's future."

Mr. Vic Neufeld, Chairman of the Board of Havn Life, commented, "I'd like to thank Barinder for her vision in co-founding the Company and for her contributions toward realizing that vision, and I look forward to her continued support as a shareholder. The Company is extremely fortunate to have in Tim Moore a CEO who has a deep understanding of the biotechnology industry and who has demonstrated time and again the ability to achieve operational milestones while keeping key stakeholders and the wider investment community thoroughly engaged. It's a pleasure to welcome Tim to the Board. We are very excited to strengthen his leadership of the Company and for the future of Havn Life."

Mr. Tim Moore commented, "I welcome the opportunity to join the Havn Life Board. We have laid the foundation for continued good governance, with four of five Board members remaining independent of management, and I look forward to adding value in this new capacity as we pursue execution of our business plan."

On Behalf of The Board of Directors

Eli Dusenbury
Chief Financial Officer

About Havn Life Sciences Inc.

Havn Life Sciences is a biotechnology company on a mission to unlock human potential using evidence-informed research. The Company is focused on standardized, quality-controlled extraction of psychoactive compounds from plants and fungi, and the development of natural health care products from non-regulated compounds. Learn more at: havnlife.com and follow us on Facebook, Twitter and Instagram.

Contact:

Investor Relations: ir@havnlife.com 604 359 0060
Media: brittany@exvera.com 778 238 6096

Forward-Looking Information: This news release contains "forward-looking information" within the meaning of applicable securities laws relating to statements regarding the Company's business, products and future of the Company's business. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking information. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance and developments to differ materially from those contemplated by these statements depending on, among other things, the risks that the Company's products and plan will vary from those stated in this news release and the Company may not be able to carry out its business plans as expected. Except as required by law, the Company expressly disclaims any obligation and does not intend to update any forward-looking statements or forward-looking information in this news release. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The statements in this news release are made as of the date of this release.

The CSE has not reviewed, approved or disapproved the content of this press release

SOURCE: Havn Life Sciences Inc.

View source version on accesswire.com:
https://www.accesswire.com/630180/Havn-Life-Announces-Changes-to-Board-Composition-and-Departure-of-Ms-Rasode

FAQ

What recent changes occurred in Havn Life Sciences management?

Havn Life Sciences announced the departure of President Barinder Rasode and appointed CEO Tim Moore as a director.

Who is the new director at Havn Life Sciences?

Tim Moore, the current CEO, has been appointed as a director of Havn Life Sciences.

What does Havn Life Sciences focus on?

Havn Life Sciences focuses on the extraction of psychoactive compounds from plants and fungi for health products.

When did the changes in Havn Life Sciences management take place?

The changes in management were announced on February 17, 2021.