M&A / Property
Sweet Earth clarifies info; Vesalius RTO closing delayed

SE · Price
Executive Summary
- Sweet Earth Holdings Corp. confirms that the Vesalius reverse‑takeover (RTO) is now expected to close in Q2 2026, delayed from earlier guidance.
- The delay is attributed to board and management changes at Vesalius; three senior individuals will no longer hold positions post‑closing.
- Clarifies current appointments of Shannon Anderson (director) and Chris Cooper (CFO) as administrative, non‑related‑party roles supporting the RTO.
Key Details
- The British Columbia Securities Commission review prompted Sweet Earth to issue a clarification/retraction of its June 18 2025 announcement.
- Vesalius Longevity Labs (Canada) Inc., via Vesalius USA Inc., continues commercial manufacturing of peptide products in a CGMP‑certified Section 503A compounding pharmacy, complying with FDA regulations.
- Expected RTO closing moved to Q2 2026; original target date not specified but earlier than this.
- Board/Management changes at Vesalius: Kevin Rabbitt, Mark Patricof, and Richard Serbin will no longer hold positions with Vesalius or the combined issuer after the transaction.
- Current appointed individuals:
- Shannon Anderson – Director of Sweet Earth (appointed Dec 20 2024), Vesalius (appointed Jan 27 2025) and SPV (appointed Mar 12 2025).
- Chris Cooper – CFO of Vesilius (appointed Nov 28 2025) and Sweet Earth (appointed May 15 2020).
- Both Anderson and Cooper are serving in an administrative capacity to assist the amalgamating parties; they are not considered related parties under IAS 24.
- No change to the commercial operations of Vesalius USA Inc.; peptide product line remains active for licensed health‑care providers.
Notable Quotes
(No direct quotes were provided in the release.)