WELLSTAR Commences Trading on TSX Venture Exchange

News related to:WELLSTAR Technologies Corp · 3 min read

WELLSTAR Technologies Corp., a leading provider of digital health solutions for Canadian healthcare providers, has commenced trading on the TSX Venture Exchange on October 1, 2026, under the ticker symbol "WSTR." The company's listing follows the amalgamation of WELLSTAR and 1587818 B.C. Ltd. ("818"), as detailed in the Filing Statement dated September 25, 2026.

Hamed Shahbazi, a technology-focused operator with over 28 years of experience in mergers, acquisitions, and divestitures, will lead WELLSTAR's Board of Directors as Chairman. Shahbazi, the Founder, Chairman, and CEO of WELL Health Technologies Corp., has built Canada's largest owner-operator network of over 275 outpatient medical clinics, which provide over 5 million annual patient visits across the country. Under his leadership, WELL has grown to over $1.5 billion in annual revenue over the past seven years. Shahbazi previously founded TIO Networks, which was acquired by PayPal (NASDAQ: PYPL) in 2017, and was named EY Entrepreneur of the Year (2017 and 2022). He holds a Bachelor of Applied Science in Civil Engineering from the University of British Columbia.

The Board of Directors also includes Amir Javidan, Evelyn Sutherland, Matt Mattox, and Sue Paish. Javidan, WELLSTAR's CEO, has served as the company's Chief Executive Officer since its formation and has been instrumental in raising $162 million in financings, approximately doubling the company's revenue in two years. He was previously Chief Operating Officer of WELL, where he played a pivotal role in building the company into the largest owner-operator of outpatient medical clinics in Canada and a company with over $1.5 billion in annual revenue. Javidan holds a Computer Engineering degree from the University of British Columbia.

Evelyn Sutherland, WELLSTAR's Chief Financial Officer, serves as the company's Chief Financial Officer and chairs the Audit Committee. She has more than 20 years of senior financial leadership experience across public and private organizations, including roles at Staples Canada, Enercare Inc., and KEYreit.

Matt Mattox, an independent director, has led marketing and revenue teams in health information technology and enterprise software for over 20 years. He served as Chief Marketing Officer at Ambience Healthcare and as Chief Marketing Officer and Chief Revenue Officer at Redox, with earlier roles at Red Hat and GE Digital.

Sue Paish, another independent director, is a distinguished CEO, board director, and community leader with over three decades of experience across technology, healthcare, pharmacy, and law. As CEO of Pharmasave, she expanded the company's national reach and led major technology innovations in the sector. As CEO of LifeLabs, she led the largest merger in the Canadian diagnostics industry. She later became the inaugural CEO of DIGITAL, one of Canada's innovation clusters, helping Canadian companies attract more than $1.4 billion in new funding.

WELLSTAR has also engaged Independent Trading Group ("ITG") to provide market-making services in accordance with TSXV policies. ITG will trade shares of the company on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of WELLSTAR's subordinate voting shares. ITG will receive compensation of $6,000 per month, payable monthly in advance, and the agreement is for an initial term of one month, renewable for additional one-month terms unless terminated.

Additionally, WELLSTAR has engaged Angad Capital Inc. to provide investor relations and capital markets advisory services, effective October 1, 2026. Angad Capital will provide these services for compensation of $10,000 per month. Angad Capital was founded in 2019 by Pardeep Sangha, a former ranked equity research analyst specializing in early-stage Canadian technology companies. As of the date of this release, Angad Capital and Mr. Sangha collectively own 24,579 subordinate voting shares of WELLSTAR (post-consolidation) that are subject to 18-month escrowed trading restrictions.

WELLSTAR Technologies Corp. is a leading healthcare technology company dedicated to reshaping healthcare through digital enablement. The company provides a comprehensive, holistic solution for healthcare providers across Canada, with over 40% of practitioners currently using its products and services. WELLSTAR's solutions serve primary care and specialist physicians, health systems, and public-sector organizations through a complete suite of AI-enabled offerings, including billing and practice management systems, electronic medical record (EMR) systems, digital health applications, and digital health network solutions.

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