Lifeist Announces Board Update

Lifeist Wellness Inc. (TSX.V: LFST; OTCQB: LFSWF; FRANKFURT: M5B0), based in Toronto, has announced a significant update to its board of directors as of October 20, 2025. John Sinclair has stepped down as a director and as chair of the audit committee. The company has expressed its gratitude to Sinclair for his contributions during his tenure. In the wake of his departure, Branden Spikes, who has been a board member since 2019, will serve as the interim chair of the audit committee.

Branden Spikes brings notable experience to his new role, having spent 20 years as Chief Information Officer for high-profile companies such as Zip2, PayPal, Tesla, and SpaceX, under the leadership of Elon Musk. His extensive background in technology and innovation is expected to benefit Lifeist during this transitional period. The board now consists of three members: Andrea Judge, Meni Morim, and Branden Spikes.

Lifeist Wellness is recognized for being at the forefront of the post-pandemic wellness movement, focusing on the acquisition, integration, and development of leading wellness brands aimed at enhancing global well-being. One of its key assets is the U.S. biosciences subsidiary, Mikra Cellular Sciences Inc., which specializes in creating and marketing innovative wellness products.

For further inquiries, interested parties can contact CEO Andrea Judge or Investor Relations representative Matt Coltura. Lifeist emphasizes its commitment to advancing wellness initiatives through its unique offerings in the market.

For more information, visit Lifeist's website at www.lifeist.com. The Toronto Stock Exchange Venture Exchange has not approved or disapproved of the contents of this announcement.

Lifeist Wellness Inc. recently announced a significant board update, including the departure of John Sinclair as a director and chair of the audit committee. His exit may raise questions among investors regarding continuity and governance; however, the appointment of Branden Spikes as interim chair is noteworthy. Spikes, with his solid track record in technology roles with high-profile companies like Tesla and SpaceX, brings an innovative perspective to the board during a time when strategic direction is crucial.

As Lifeist focuses on integrating and enhancing wellness brands in a post-pandemic environment, the expertise of its board becomes even more critical. The company’s key asset, Mikra Cellular Sciences, positions it well in the burgeoning wellness sector, which is projected to expand significantly as consumer health consciousness rises. The shift in leadership may prompt investors to closely monitor operational and strategic developments, particularly under Spikes’ interim guidance.

Investors should consider several factors before making decisions regarding Lifeist's stock. The company's ability to adapt to the wellness industry's evolving landscape will be pivotal. Spikes' background suggests an inclination towards innovation and scalability, which could be advantageous for the company's product development and marketing strategies. Additionally, the composition of the current board, now featuring experienced members like Andrea Judge and Meni Morim, is critical. Stakeholders should look for indications of a cohesive strategy emerging from the board's deliberations and its impact on long-term growth prospects.

In summary, while the board change at Lifeist might initially seem unsettling, it potentially opens the door to fresh ideas and innovation. Investors should stay informed about the company's strategic initiatives and product offerings as it navigates this transition in leadership, potentially positioning themselves advantageously in a marketplace ripe for wellness innovation.