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In connection with the RTO transaction, a wholly-owned subsidiary of Debut merged with and into Wesana Health Inc., and all of the outstanding shares of Wesana Health Inc. were exchanged for shares of Debut, and Debut continued into the Province of British Columbia, changed its name to "Wesana Health Holdings Inc.”, consolidated its outstanding common shares on an approximately 28 for 1 basis and redesignated such shares as subordinate voting shares (the “Subordinate Voting Shares”). The Company now focuses on the business of Wesana Health Inc., which includes psilocybin-based medicine development and research that targets traumatic brain injury and other mental health ailments caused by trauma.
