Field Trip Health Ltd. (CSE: FTRP; FTRP.WT; OTCQX: FTRPF) ("Field Trip"), a leader in the development and delivery of psychedelic therapies, is pleased to announce that its common shares will commence trading on the Toronto Stock Exchange (“TSX”) under the ticker symbol “FTRP” and its warrants will trade under the symbol "FTRP.WT" at the opening of the market on June 7, 2021. In connection with the TSX listing, Field Trip’s common shares and warrants will be delisted from the Canadian Securities Exchange (“CSE”).

There will be no change to the shares, to the warrants or to Field Trip’s share structure. Field Trip's shares continue to be quoted in the United States on the OTCQX under the symbol "FTRPF". The TSX and CSE have each published bulletins announcing the listing and delisting, respectively. No action is required on the part of shareholders.

In conjunction with the listing on the TSX, Field Trip announced that it has bolstered its Board of Directors with the appointments of Barry Fishman and Ellen Lubman.

Mr. Fishman has almost 25 years of experience as an entrepreneurial business leader, most recently as CEO of VIVO Cannabis Inc. Prior to joining VIVO, he served as CEO of international specialty pharmaceutical company Merus Labs, through its 2017 acquisition by Norgine B.V. He also previously served as CEO of Teva Canada, a major affiliate of the world's largest generic drug-maker and began his pharmaceutical career at Eli Lilly Canada, where he served as Vice President of Marketing. Mr. Fishman has also recently served as an independent director on a number of high-profile boards, including Aurora Cannabis Inc. and Canopy Growth Corporation.

Ms. Lubman is currently Chief Business Officer of Werewolf Therapeutics, Inc. From October 2018 to July 2020, she served as the Chief Business Officer at Impel NeuroPharma, Inc., a privately held biotechnology company focused on neurological and neuropsychiatric diseases. Prior to Impel, she was the Vice President of External Science & Innovation at Forest Labs, from February 2014 until its acquisition by Actavis plc in July 2014, and served in the same role at Actavis through June 2018 during which time Actavis merged with and renamed itself Allergan plc. Prior to Allergan, Ms. Lubman held numerous executive business, investment and strategic leadership roles at Kadmon Pharmaceuticals, Bristol Myers Squibb, Celtic Pharma Management, L.P., Robertson Stephens Investment Bank and Abbott Labs. She serves on the board of directors of GeneCentric Therapeuticsand on the Advisory Board of TMRW.org. In addition, Ms. Lubman serves on the Scientific Advisory Board of the Daedalus Innovation Fund of Weill-Cornell and board of directors of Gilda’s Club of NYC and is the Southern California Chairwoman of Executive Women in BIO.

“Barry is an accomplished business leader and Board Director with proven success in strategy development, performance enhancement and public company governance, with an expansive global network and deep pharmaceutical knowledge. Ellen brings nearly 20 years of experience in corporate and business development, portfolio strategic planning, financial strategy and investor relations through leadership roles in small biotech and large pharma, starting her career as a Wall Street equity research analyst,” said Joseph del Moral, Chief Executive Officer of Field Trip. “We are proud to bring such highly experienced business professionals onto our Board and look forward to leveraging their backgrounds and expertise as we advance our scientific research into the positive impact that psychedelics can have on people’s lives.”

Ronan Levy, Field Trip’s Executive Chairman added: “We are working to build Field Trip into nothing less than a world class leader in the mental and behavioral health sectors through our pioneering work with psychedelics and psychedelic therapies. By listing on a pre-eminent stock exchange in the TSX, and through Barry and Ellen complementing our existing independent board members, Dieter Wienand and Helen Boudreau, to establish a board powered by the highest caliber of accomplished pharmaceutical and biotech executives, we continue to make rapid progress toward this goal.”

About Field Trip Health Ltd.

Field Trip is a global leader in the development and delivery of psychedelic therapies. With our Field Trip Discovery division leading the development of the next generation of psychedelic molecules and conducting advanced research on plant-based psychedelics and our Field Trip Health division building centers for psychedelic therapies opening across North America and Europe along with the digital and technological tools that will enable massive scale, we help people in need with a simple, evidence-based way to heal and heighten engagement with the world.

Learn more at https://www.meetfieldtrip.com, https://www.fieldtriphealth.com and https://www.fieldtriphealth.nl.

Follow us on Twitter and Instagram: @fieldtriphealth

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For further information, contact Ronan Levy, Executive Chairman and a Director at Field Trip, at 1 (833) 833-1967.

Cautionary Note Regarding Forward-Looking Information

This release includes forward-looking information within the meaning of Canadian securities laws regarding Field Trip and its business. Often but not always, forward-looking information can be identified by the use of words such as "expect", "intends", "anticipated", "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would" or "will" be taken, occur or be achieved. Such statements are based on the current expectations and views of future events of the management of Field Trip, and are based on assumptions and subject to risks and uncertainties. Although the management of Field Trip believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the COVID-19 epidemic, the medical clinic industry, market conditions, economic factors, management's ability to manage and to operate the business and the equity markets generally. Although Field Trip has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on any forward-looking statements or information. No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Field Trip does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither the Canadian Securities Exchange nor the Toronto Stock Exchange, nor their Regulation Services Provider, nor the OTC Markets have approved the contents of this release or accept responsibility for the adequacy or accuracy of this release.

Media contacts:
Rachel Moskowitz
Autumn Communications
202-276-7881
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Nick Opich / McKenna Miller
KCSA Strategic Communications
212-896-1206 / 347-487-6197
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Investor contacts:
Elizabeth Barker
KCSA Strategic Communications
212-896-1203
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SOURCE Field Trip Health Ltd.