Numinus Wellness Parts With Chief Strategy Officer, Issues 2.0 Million Shares With Separation

Numinus Wellness Inc. (TSXV: NUMI) announced on Thursday that its Chief Strategy Officer Stacey Wallin is leaving the company. The responsibilities of the position have been currently transitioned “across [the firm’s] leadership team”.

As part of the separation agreement, the company is issuing to Wallin 2.0 million common shares from treasury. Based on the company’s last trading price, this is approximately valued at $1.2 million.

The wellness firm announced yesterday the departure following “the conclusion of several weeks of discussions”. On the other hand, Wallin’s LinkedIn account shows her term ended as early as August 2021.

“During Stacey’s three years with Numinus, she was integral to the development of foundational operations necessary to support the growth of Numinus,” said Numinus CEO Payton Nyquvest.

Numinus Wellness last traded at $0.59 on the TSX Venture.

Information for this briefing was found via Numinus Wellness. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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