Healing Co Inc. appointed Mr. Wanja S. Oberhof as new CEO

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


On November 13, 2023, the employment of Simon Belsham, the Chief Executive Officer of The Healing Company Inc. (the "Company"), terminated.


Effective November 13, 2023, Mr. Wanja S. Oberhof, age 37, was appointed by the Company's Board of Directors (the "Board") as the Company's Interim Chief Executive Officer.


Mr. Oberhof is an entrepreneurial investor and beneficial owner of the family office WAOW Group. At the age of 14, he started his first business, an event company. Since then he has co-founded and invested in more than 40 companies worldwide. His other investments have included Livongo, Stripe, bolt, Global.AI, Social Chain, ATAI, Synbiotic, Bridgemaker, snowflakes, Compass Pathways, and The New Meat Company. Mr. Oberhof is a Co-Founder of the Company, the largest equity investor, a greater than 10% shareholder of the Company as the control person of Ingenious Investments AG and WAOW Entrepreneurship GmbH ("WAOW"), as well as the spouse of Anabel Oelmann, who is a co-founder and Director of the Company.


There are no arrangements or understandings between Mr. Oberhof and any other persons pursuant to which he was selected as Interim Chief Executive Officer. Mr. Oberhof, as the control person of WAOW and its related entities, is a party to certain related party transactions that have been disclosed, which disclosure is incorporated herein by reference, in the annual report of the Company for the fiscal year ended June 30, 2023, filed with the Securities and Exchange Commission on October 23, 2023.


On November 14, 2023, Ameeth Sankaran notified the Company of his decision to resign from the Company's Board effective immediately. Mr. Sankaran's resignation did not result from any disagreement with the Company on any matter related to the Company's operations, policies or practices.