1169082 B.C. Ltd. is pleased to announce that it has entered into a non-binding letter of intent with Awakn Life Sciences Inc., whereby 1169082 B.C. Ltd. and Awakn have agreed to negotiate exclusively in respect of a transaction to combine their respective businesses. The Proposed Transaction will be structured following the review and consideration by the parties of applicable tax, securities, corporate law, and other relevant considerations and shall be subject to standard closing conditions, including receipt of any required regulatory or shareholder approvals.

In conjunction with the Proposed Transaction, 1169082 B.C. Ltd. and Awakn intend to jointly apply to the NEO Exchange for the listing of the common shares of the resulting issuer. Such a listing would be subject to the approval of the NEO Exchange and the satisfaction by the resulting issuer of the NEO Exchange's listing conditions.

The appointment continues to strengthen Awakn's industry leading Scientific Advisory Board

Awakn is pleased to announce the appointment of Professor Celia Morgan to its Scientific Advisory Board (SAB).

Celia Morgan is a Professor of Psychopharmacology at the University of Exeter in the United Kingdom. She is one Europe's leading Ketamine researchers & investigators and the academic lead for the Exeter Translational Addiction Partnership. Prof. Morgan's research focuses on examining both the benefits and side effects of recreational drugs on cognition, mental health and neurobiology and includes leading the ground-breaking Ketamine for reduction of Alcoholic Relapse clinical trial.

Awakn's SAB provides strategic scientific counsel as the company implements its vision and strategy across three business lines of clinical research, therapeutic clinics and practitioner training.

Prof. Morgan stated, "I'm very excited to join such a distinguished team with a unique breadth of expertise across the spectrum of psychedelic assisted therapies. Through this synergy, and their vision, Awakn have the potential to rapidly transform the field, and to oversee the realisation of these compounds as the medicines they richly deserve to be. It's a great privilege to be a part of this."

Dr. Ben Sessa, Awakn CMO, commented, "Celia Morgan has been a long-time friend and colleague whom I respect and admire; from her earliest days when she conducted highly unique and creative research observing real-life ketamine users in their homes in London, to her latest project; spearheading the UK's largest clinical trial with ketamine psychotherapy for the treatment of alcoholism. Her interests align perfectly with those of us at Awakn; using psychedelics not purely as pharmacological agents or for managing wellness issues in non-clinical populations; but rather using these important drugs in combination with psychotherapy to develop the best therapies for our worthy patients. She will be a valuable addition to our team, and we are grateful to have her aboard. Welcome Celia!"

Anthony Tennyson, Awakn CEO, stated, "I am also very pleased that we are adding an advisor with such a deep level of relevant psychedelic experience and pedigree to our Scientific Advisory Board. Celia is working at the leading edge of ketamine research and I am looking forward to working with her and seeking her guidance and counsel on our continued journey."

Appointment of two leaders from the Multidisciplinary Association of Psychedelic Studies further strengthens AWAKN's industry leading scientific advisory team

Awakn is pleased to announce the appointment of Dr. Michael Mithoefer and Ann Mithoefer to its Scientific Advisory Board (SAB).

Dr. Mithoefer, Senior Medical Director for Medical Affairs, Training and Supervision at MAPS Public Benefit Corporation (MPBC), has, has worked with MAPS since 2000, while Ann Mithoefer, a registered Nurse and Lead MDMA-Assisted Psychotherapy PTSD Investigator at MAPS, has worked with MAPS since 2004. Together Dr. Michael Mithoefer and Ann Mithoefer are two of the world's leading MDMA-assisted psychotherapy investigators and trainers. Michael and Ann have completed: two of the six MAPS-sponsored Phase II clinical trials testing MDMA-assisted psychotherapy for PTSD; as well as a pilot study treating couples with MDMA-assisted psychotherapy combined with Cognitive Behavioral Conjoint Therapy; and a study providing MDMA-assisted sessions for therapists who have completed the MAPS Therapist Training.

Awakn's SAB provides strategic scientific counsel as the company implements its vision and strategy across three business lines of clinical research, therapeutic clinics and practitioner training.

Dr. Michael Mithoefer stated: "Annie and I are delighted to join the Awakn SAB for a combination of reasons. Their mission, in response to the urgent need for more effective treatments, is to develop and support further clinical research and training programs for psychedelic therapists, with the aim of providing access to affordable treatments using psychedelic-assisted therapy as these compounds become legal for clinical use. This is very much in alignment with the goals we've all been working toward at MAPS and Maps Public Benefit Corporation for many years. The other draw for us is that we've known David Nutt and Ben Sessa for a long time, and we have confidence in the expertise and integrity they bring to the project. And they're inspiring and fun to work with."

Dr. Ben Sessa, Awakn Chief Medical Officer, commented on the appointments: "For me, my first introduction to modern psychedelic research started in the early 2000's when I discovered the work of the Multidisciplinary Association for Psychedelic Studies (MAPS) and the ongoing MDMA-for-PTSD study being run by Michael and Annie Mithoefer. I subsequently met Michael in 2007 at a conference in Vienna, where we discussed bringing clinical MDMA assisted psychotherapy to the UK. It took another ten years to achieve that goal."

"During that time, I got to know Annie and Michael well; having them stay at my house in Somerset and I stayed with them in South Carolina, receiving formal MDMA therapy, delivered by the Mithoefers, in a clinical setting as part of my training to become an MDMA psychotherapist. So I am pleased to know that Annie and Michael have joined AWAKN's SAB. Annie, as the one of world's most experienced MDMA therapy nurses, brings multidisciplinary approach to the AWAKN board; especially in our design of clinical protocols, which put our patients' care at the centre of their bespoke clinical care plans. Michael, undoubtedly the most experienced MDMA doctor anywhere, will provide invaluable scientific advice; not only to AWAKN's MDMA protocols, but to all psychedelic projects going forward. And, given their roles as MAPS trainers, both Annie and Michael will of course be essential in the development of our therapist training courses; helping to achieve the aim of training hundreds of new psychedelic therapists in the next few years. Welcome on board, the pair of you!"

Finally, Prof. David Nutt, Chair of AWAKN's Scientific Advisory Board, stated: "I am delighted to have the great pioneers of MDMA treatment of PTSD join our research team. They will provide outstanding clinical insights."

Professor of Psychiatry and Behavioural Sciences at Johns Hopkins Appointed as Member of Scientific Advisory Board

Awkan is pleased to announce the appointment of Dr. Matthew Johnson, Ph.D, to its Scientific Advisory Board (SAB).

Dr. Johnson is one of the world's most published scientists on the human effects of psychedelics. He has conducted seminal research in the behavioral economics of drug use, addiction, and risk behavior through his role of Professor of Psychiatry and Behavioral Sciences at Johns Hopkins University.

Dr. Johnson published psychedelic safety guidelines in 2008, helping to resurrect psychedelic research; he developed and published the first research on psychedelic treatment of tobacco addiction in 2014; published the largest study of psilocybin in treating cancer distress in 2016; and his 2018 psilocybin abuse liability review recommended the placement in Schedule-IV upon potential medical approval. He also published in 2017 the first data indicating that MDMA pill testing services may reduce harm, specifically by reducing drug consumption of unknown or undesired adulterants.

Awakn's SAB provides strategic scientific counsel as the company implements its vision and strategy across three business lines of clinical research, therapeutic clinics and practitioner training.

Dr. Ben Sessa, Awakn Chief Medical Officer, stated: "Dr. Matthew W. Johnson, Ph.D., is Professor of Psychiatry and Behavioural Sciences at Johns Hopkins University, Baltimore, USA. His career and CV in the field of psychedelic research is as impressive as his personal connections and networks within the field. Since the early 2000's, working alongside Professor Roland Griffiths, the Johns Hopkins team have set the standard for contemporary psilocybin research. And Matt has since gone on to carve his own path through this ever-emerging space. His special area of interest is addictions. He carried out the world's first psilocybin therapy study exploring a treatment for nicotine addiction and is now exploring psilocybin as a treatment for opiate dependence. But Matt's depth of knowledge goes far beyond that of simply the neurobiology of psychedelics. Matt's personality is that of an open-minded, compassionate scientist, which informs his extensive work around the social, cultural and psychological aspects of drug misuse; making him equally comfortable and informed carrying out studies amongst recreational users as he is with clinical patients."

"It is exactly this kind of multidisciplinary, world-leading and pioneering approach to all aspects of psychedelic research and practice that makes him perfectly suited for the Awakn scientific advisory board. Under Matt's guidance, Awakn can push in even further innovative directions in our quest for essential future applications of psychedelics for much-needed major public concerns. We warmly welcome him to Awakn. Above all else, beyond the academic heroism, he is a great pleasure to be around."

Anthony Tennyson, Awakn CEO, stated, "Dr. Johnson is at the forefront of international research and thought leadership in the psychedelic field. His experience and knowledge will be invaluable to Awakn on our journey to becoming the leader in European psychedelic assisted psychotherapy. I am extremely pleased that Dr. Matthew Johnson has agreed to join Professor David Nutt, Dr. Ben Sessa, Dr. Dawn DeCunha and Dr. Mike Hart on our scientific team."

Science-led Drugs Charity Invites AWAKN to Join Its Working Group on Psychedelics

Awakn announces today the new partnership to coincide with Drug Science's inaugural Psychedelics Working Group meeting that took place this week on 14th July 2020.

Founded in 2010 by Professor David Nutt, Drug Science works to provide evidence for widespread application of psychedelic drugs within public health models. Its aim is to break the barriers of 50 years of medical censorship by creating a rational and enlightened approach to psychedelic research and clinical treatment.

AWAKN's Chief Medical Officer, Psychedelic Psychiatrist Dr. Ben Sessa will be the representative for the company alongside patient representatives, policy makers, scientists and healthcare professionals. The group shall be designing campaigns that will ultimately lead to the rescheduling of all psychedelic drugs for research and medical purposes.

Dr. Ben Sessa said of the new partnership, "A systematic overhaul of the current scheduling of psychedelic compounds is required so these medicines can be used to heal, not harm. We must reverse the nonsensical censorship of psychedelics so that life changing medicines and medical pathways can be realised. Working with Drug Science will exponentially assist progress."

The invite to join Drug Science comes following the recent appointment of Drug Science founder, Professor David Nutt, as chairman of AWAKN's Scientific Advisory Board.

Former UK Government Drug TSAR Appointed as Chairman of Scientific Advisory Board

Awakn is pleased to announce the appointment of Professor David Nutt as Chairman of its newly formed Scientific Advisory Board (SAB).

Professor David Nutt is a world renowned neuroscientist, leading global authority on drug policy reform and former chief drug advisor to the UK government. He serves as the Edmond J. Safra Professor of Neuropsychopharmacology and director of the neuropsychopharmacology unit in the Division of Brain Sciences at Imperial College London, and Founding Chair of Drug Science (formerly the Independent Scientific Committee on Drugs).

Awakn's SAB will provide strategic scientific counsel as the company implements its vision and strategy across three business lines of clinical research, therapeutic clinics and healthcare training.

Dr. Ben Sessa, Awakn Chief Medical Officer, stated: "David has always been a trailblazer and supporter of innovative psychopharmacology. He is a prolific promoter of drug reform policies and an internationally respected scientific researcher. I have had the pleasure of working alongside David on numerous psychedelic studies over the last 10 years, and we know the time is right and the time is now. David shares Awakn's vision of how clinical psychedelics in combination with psychotherapy can cure mental health conditions. This is a new way of doing psychiatry. This is the medicine of the future."

Prof. David Nutt, Awakn Scientific Advisory Board Chair, stated: "I am delighted to be able to support this exciting initiative. I believe psychedelic treatments have the opportunity to change psychiatry in the way immunotherapies are changing medicine. The sooner we can start using these the better it will be for patients, and I am pleased Awakn are taking the lead in this."

Anthony Tennyson, Awakn CEO, stated: "What a time this is for psychedelic medicine. An era of scientific and therapeutic innovation with real potential to move the dial on mental health care. Professor Nutt encapsulates the essence of scientific change, and we are honored to welcome such global pedigree to the mix alongside his longtime friend and collaborator, our Chief Medical Officer, Dr. Ben Sessa."

Awakn to acquire controlling interest in Dr. Ben Sessa's clinical operations

Awakn announces today that it has signed a binding investment agreement to acquire a controlling interest in Mandala Therapy Limited, the UK based psychedelic clinical practice run by acclaimed author, researcher and consultant psychiatrist, Dr. Ben Sessa.

Dr. Sessa will become Awakn's Chief Medical Officer and will open the UK's first psychedelic-assisted psychotherapy clinic over the coming months. Under his leadership, Awakn intends to oversee a revolutionary shift in the treatment approach for mental health disorders, all backed by scientific evidence that triggered the FDA to grant breakthrough-therapy status for MDMA and psilocybin.

As part of the agreement, Dr. Sessa is also building training pathways that will open access for psychiatrists and psychologists across the country. Awakn expects the UK to continue to progress towards medicalising psychedelics, currently undertaking trials for MDMA and psilocybin while political reform is being led by Crispin Blunt MP and the Conservative Drug Reform Group.

Speaking of the acquisition, Dr. Sessa said, "Enough of the incessant belief that mental health disorders cannot be cured, this is the legacy of the ill-informed. Psychedelics have the potential to heal when used correctly and with psychotherapy pathways built for purpose. We are progressive thinkers at Awakn Life Sciences and see the need for clinics that are experts in the use of psychedelic medicine under safe, efficacious and scientifically validated frameworks. We are building the centre of excellence for the UK."

Commenting on the entry into the UK, Awakn CEO Anthony Tennyson said, "We see the early mover advantage in the UK market with patients already using ketamine as part of their treatment plans. Now is the time to build the UK's first psychedelic clinic to heal the growing tide of the mentally ill, and there is no-one better to lead the renaissance than Dr. Sessa. He has dedicated his professional career to psychedelic medicine, and we are honoured to have him leading our medical team."

The transaction by Awakn marks the first of its kind by a Canadian company in the UK and follows a period of huge growth of capital being invested in the psychedelic market across North America and Europe. The completion of the acquisition remains subject to certain closing conditions.