Field Trip Health Ltd. Announces Increased Participation in Arrangement Financing and Postponement of Shareholder Meeting Date

TORONTO, June 14, 2022 (GLOBE NEWSWIRE) -- Field Trip Health Ltd. (TSX: FTRP, FTRP.WT, Nasdaq: FTRP) (the "Company" or "Field Trip"), a global leader in the development and delivery of psychedelic therapies, announced today that it has agreed to increase its participation in the concurrent financing, in support of, and in connection with, the spin-out of its clinics business to Field Trip Health & Wellness Ltd. (“SpinCo”) by way of a plan of arrangement (the "Arrangement"). In order to provide shareholders adequate time to consider the new information as a result of this change, the Company has postponed its special meeting (the "Meeting"), which was previously scheduled for 10:00 a.m. (Toronto Time) on Monday, June 20, 2022, to 10:00 a.m. (Toronto Time) Monday, June 27, 2022. The new information has been placed before Shareholders by management of the Company in a supplement, attached hereto (the "Supplement"), to the management information circular of the Company dated May 20, 2022 (the "Circular") and filed on SEDAR on May 24, 2022.