Announcement • Jul 02
Altrova Health Inc. Announces Board Changes Altrova Health Inc. announced a transition in its Board of Directors leadership. Raf Souccar has resigned as Chairman and as a member of the Company's Board of Directors. The Company is grateful for Mr. Souccar's service and is pleased that he will continue to support Altrova Health in an advisory capacity going forward. The Board has appointed Tony Clement to serve as Chairman. Mr. Clement, who has served as a member of the Board, steps into this expanded leadership role at an important time for the Company. Mr. Clement's appointment as Chairman reflects the Board's deliberate focus on strengthening Altrova Health's leadership as the Company advances its healthcare portfolio. With a distinguished career spanning senior federal and provincial government roles, including experience in health policy, Mr. Clement brings perspective and relationships that the Board believes will be a meaningful asset to the Company at this stage of its development. The Honourable Tony Clement, P.C. is a former federal cabinet minister who served as Minister of Health, Minister of Industry, and President of the Treasury Board under Prime Minister Stephen Harper. He previously served as Ontario's Minister of Health and Long-Term Care under Premiers Mike Harris and Ernie Eves. Mr. Clement holds a law degree from the University of Toronto and has since held a number of board and advisory roles across the public and private sectors. Announcement • Jun 05
Altrova Health Inc. Announces CFO Changes Altrova Health Inc. announced that effective on June 4, 2026, Greg Rossi has been appointed the new Chief Financial Officer (CFO) of the Company. Greg Rossi is a seasoned C-suite executive with more than 25 years of experience leading operations, supply chain, manufacturing, distribution, engineering, and business transformation initiatives across multiple industries. Having worked with global CPG and supply chain organizations while also leading and scaling high-growth companies in the e-commerce, SaaS, logistics, staffing, health, and cannabis sectors, Greg brings a wealth of expertise in operational leadership, strategic growth, and complex buy-side and sell-side transactions. His combination of operational depth and entrepreneurial leadership will be instrumental in driving Altrova Health's continued expansion and long-term shareholder value creation. Mr. Rossi will succeed outgoing CFO Jordan Greenberg. Jordan Greenberg, a seasoned financial executive with extensive public company experience, has brought strategic direction and financial discipline to Altrova Health since his appointment in December 2024. With a track record of success in scaling growth-stage businesses and deep knowledge of public markets, Jordan has been instrumental in strengthening the Company's financial reporting and operational foundations during a pivotal period of transition, including the Company's rebranding from Safe Supply Streaming Co. Ltd. to Altrova Health Inc. New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.2m free cash flow). Share price has been highly volatile over the past 3 months (32% average weekly change). Shareholders have been substantially diluted in the past year (125% increase in shares outstanding). Revenue is less than US$1m (CA$29k revenue, or US$22k). Market cap is less than US$10m (CA$8.08m market cap, or US$5.92m).