Presentation 2021 1 - Apex Labs

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Title

        Presentation
               20211
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                                                                                                                                 2
Who
Title We Are

Over 1 billion people suffer
fromsome form of compromised
mental health.
APEX’s objective is to be the first Canadian publicly traded listed neuro-
pharmaceutical company working with psychedelic molecules that show
promise to develop solutions for patients with PTSD, depression, drug addiction
and other related mental health disorders. APEX Labs’ Canadian clinical
development program is focused on the veteran community and first responders,
groups who are most affected by these disorders. The Company’s lead clinical
candidate is a synthetic psilocin for the treatment of PTSD. Our activities are
compliant with Health Canada requirements for the handling of controlled drugs and
international pharmaceutical standards for the development and commercialization of
our products.

                                                                                      3
Corporate Statements

Mission                                            Vision                                     Strategy
Under the controlled drug and substances act       Through R&D and Clinical Trial programs,   APEX will be operating under GMP
to execute R&D and clinical development of         APEX aims to showcase the benefits of      compliance in order to serve our
controlled drugs such as psilocin and psilocybin   extracted organic compounds and single     pharmaceutical partners to full Health
through Section 56(1) exemption. In addition,      molecule synthetic products.               Canada standards producing a
a section 9 dealer’s license will allow APEX to    We will be conducting side by side         commercially viable product ready for
possess, produce, package and sell controlled      Clinical Trials demonstrating the          re-sale and distribution. By building
drug pharmaceutical products across Canada.        high level of efficacy of our organic      out APEX’s relationship with Health
                                                   compounds which are formulated to          Canada’s licensing office, we will be
APEX expects to be the first company to            have superior delivery systems that make   positioned to aid and facilitate our
execute a Canadian Phase II clinical trial using   them more successful than multiple         dealers license process.
psilocin (the active metabolite of psilocybin)     narcotic market contenders.
directly.

                                                                                                                                       4
Canada’s Health Landscape

                                                                                         Leading cause of deaths nationwide
                     Estimated annual
                     economic burden of
                                                                               9    th   are attributed to suicide with an

   $51B              mental illness in Canada
                                                                                         average of 11 per day

                                                    20%
                                                                                                              Number of Canadians
                                                 Number of Canadians who suffer                               who will be affected by
                                                 from addiction in any given year             50%             mental health issues by
   4 th                                                                                                       the age of 40

                               76%
Canada’s worldwide
rank per capita in                                                  9%
anti-depressant                                                                                                 Of Canadians suffer
drug usage               Of Canadians have reported              Of PTSD patients                    8%         from PTSD at least
                         experiencing a traumatic event                                                         once in their lifespan
                                                                 are not receptive to
                         reshaping their mental health           current traditional
                                                                 treatments                                                          5
Global Problems & Solutions

APEX is The Answer
Our organic compound formulations,
which are derived from organic
substances, have a higher efficacy in
treating mental health disorders than
                                                      MHD 450 million     PTSD 351 million
any single molecule synthetic product.

APEX’s goal is to be the global leader in assisting
a wide spectrum of patients dealing with PTSD,
Depression, Drug Addiction and Mental Health
Disorders. We know that novel psychedelic related
compounds will be the next wave of drug discovery
and we will lead the way in R&D and Clinical Trials
involving these compounds.

                                                      Opioid 27 million   Depression 254 million
                                                                                               6
Global Problems

  1      MHD 450 million                                         2       PTSD 351 million

Over 450 million people suffer from Mental Health Disorders     An estimated 351 million people are living with PTSD in the
on a global scale, with an estimated $51b of annual economic    world today. 8% of Canadians will suffer from PTSD at least
impact within Canada alone. 50% of Canadians will be affected   once in their lives.
by mental health issues by the age of 40, while 76% of all
Canadians having reported experiencing a traumatic event        9% of PTSD patients are not receptive to current traditional
reshaping their mental health.                                  treatments.

 3       Opioid 27 million                                       4       Depression 254 million

Today it’s estimated over 27 million people have opioid         An estimated 254 million people are battling depression globally
addiction problems globally. 20% of Canadians suffer            today. Canada is ranked 4th in anti-depressant drug usage per
from addiction in any given year.                               capital with suicide as a result of depression being the leading
                                                                cause of deaths nationwide.
                                                                                                                                   7
Management
Tyler Powell CEO                                                  Dr. Peter Tomlinson CMO
Mr. Powell is an entrepreneur with 15 years of experience in      Dr. Tomlinson is a highly sought out consultant and a prominent
the financial sector. He has led the IPO for multiple companies   industry leader, who specializes in supporting pharmaceutical and
on the Canadian, US and German exchanges, raising tens            biotechnology companies in the process of transitioning new products
of millions in corporate financings through several channels      into early clinical trials and commercialization. He has partnered with
along the way. He is the CEO and founder of the go-public         leading companies across the globe, such as such as Tilray, Aegera
vehicle called Murdo Acquisitions Corp.                           Therapeutics, Purgenesis, Ultragenyx, Sharp, Taro and Supratek.

Dr. Orion Lekos CSO                                               Alex Winstead CCO
Our Chief Science Officer, Dr. Lekos, has participated and led    Alex Winstead is a top North American mycologist and mushroom
global clinical trials on PTSD, Depression, Opioids, Cannabis     cultivator with over 16 years experience in the gourmet and medicinal
and pain management for chemotherapy cancer treatments.           mushroom industry. His company, Cascadia Mushrooms LLC of
Dr. Lekos has facilitated the development, design and build       Bellingham, Washington, is where Alex and his team grow thousands
of numerous extractions and formulations for Tilray - a           of pounds of Certified Organic mushrooms every week. Their efforts
large Canadian pharmaceutical company with operations in          supply a variety of markets with raw products for medicinal extraction
Australia, New Zealand, Germany, Portugal and Latin America.      and supplement formulation across the U.S. as well as fresh gourmet
                                                                  mushrooms to local and wholesale outlets throughout the region.
                                                                                                                                       8
Advisors
Dr. David Wood IP & Regulatory Law                                Denis Silva Legal Council
Dr. Wood is a trail blazing leader with patents, IP, regulatory   Mr. Silva is Partner at DLA Piper Vancouver’s office with expertise in
and licensing consultation in the psychedelic space as partner    corporate finance, mergers and acquisitions. Prior to Piper, Mr. Silva
of BLG Law Calgary with a PhD in BioChemistry.                    was a senior legal council with the BCSC.

John Karroll Health Canada                                        Arthur Kwan Fund Manager
Mr. Karroll, currently leading Trichome Consulting Services,      Mr. Kwan has an extensive investment banking, capital markets, and
is a global licensing expert who has completed one third of       private equity experience. He has held senior investment banking
all Canadian Cannabinoid licenses. He has a long and very         positions with Scotia Capital, Peters & Co., and PI Financial as
successful track record with Health Canada.                       Managing Director of Investment Banking.

Dr. Emmanouil Rampakakis CRO                                      Arron Victory Veteran Affairs
Dr. Rampakakis has an extensive knowledge of clinical             Mr. Victory will provide strategic guidance on establishing
trial research with a strong acumen for client service and        APEX Labs Ltd. as the gold standard in evidence based psychedelic
relationship management. He currently leads BioPharma’s           treatment therapies for the Canadian veteran and first responder
Global Business Development unit.                                 communities, in accordance with all Health Canada regulations.
                                                                                                                                           9
Protocols

1   Pre-CTA Meeting           APEX has acquired the services of Innomar Strategies working hand in hand with
                              Dr. Lekos and Dr. Tomlinson to book pre-clinical trial meeting with Health Canada.

                              Pending application for a section 56(1) exemption to use controlled substances
2   R&D License               for scientific purposes.

                              Pending application for a section 56(1) exemption to use controlled substances
3   Clinical Trials License   for clinical development purposes (Psilocybin/Psilocin).

                              Upcoming application to become a Dealer’s License holder to produce and market
4   Dealers License           the product used for the R&D and Clinical stages.

                              Construction build out of secured lab to Health Canada’s security level 9
5   Health Canada Security    including surveillance systems and vault.

                                                                                                               10
3 Phase Approach

          Research                               2       Clinical                                    Commercial
   1      & Development                                  Trials
                                                                                             3       Re-Sale

Dr. Lekos manages this compartment              Dr. Tomlinson manages this                  APEX’s SPIC, QA, assistant QA,
by applying for and achieving a section         compartment by obtaining section            pharmacist and pharmacist assistant
56(1) exemption R&D license with Health         56(1) exemption Clinical Trials license     manages this compartment after
Canada and heads the research, genetics         with Health Canada and being team           achieving a section 9 dealer’s license
and will extract alkaloids including Psilocin   leader handling all business related to     and GMP certification for commercial re-
from Psilocybin to conduct Clinical             Clinical Trials with help from our third-   sale to sell IP formulations and genetic
Trials. Dr. Tomlinson will engage as the        party partnership Clinical Research         products to other licensed Companies
secondary authority for the review of this      Organization (CRO) JSS Medical              across Canada. APEX has a joint venture
application approval process.                   Research with SGS Canada assistance.        with Aspen Island Therapeutics to supply
                                                                                            any controlled substances needed for
                                                                                            their new psychedelic wellness initiative
                                                                                            including APEX’s IP formulations.
                                                                                                                                        11
Path to Revenue

      1                             2                                  3                                 4
Licensing                      Extraction &                       Clinical                          Medical
Clinical trails applications   Formulation                        Trials                            Psychedelics
for Section 56(1)              Organic and synthetic production   Collection of data and medical    APEX’s working with MD’s
exemptions and section 9       of Psilocybin and Psilocin         analyses of Veterans and first    and wellness clinics to supply
for R&D, clinical trials and   and patent protected               responders suffering from PTSD,   Canadians with Health
commercial re-sale with        Formulations for re-sale and       traumatic brain injuries and      Canada approved
Health Canada.                 internal use.                      chronic pain.                     pharmaceutical drug
                                                                                                    products based on patent
                                                                                                    protected delivery systems.

                                                                                                                                 12
Veteran Focused Research

                       APEX will partner with established public and government
                       research organizations in the Canadian Veteran stakeholder
                       community to further identify how Veterans and first responders
                       can benefit from psychedelic compound treatment from an
                       evidence-based perspective. There are currently tens of
                       thousands of Canadian veterans suffering from chronic conditions,
                       who seek relief with comprehensive Blue Cross coverage.

                       We are committed to making a difference.
                       APEX Labs Ltd. veteran focused research team will be focusing
                       on PTSD, traumatic brain injuries and chronic pain in the Canadian
                       veteran community. We believe in a whole person approach to
                       recovery for veterans and first responders who suffer from chronic
                       service related conditions.
                                                                                        13
Clinical Trials

                  APEX Labs Ltd. is currently in pre-CTA discussions
                  with Health Canada.

                  The New Gold Standard.
                  The APEX team has developed a protocol for a veteran
                  focused Phase II clinical trials emphasized on PTSD
                  and chronic pain in Fall 2020 with a schedule date
                  pending Health Canada’s comments under a pre-CTA
                  review. APEX has sourced GMP API and drug product
                  manufacturing to facilitate our first trials and R&D in
                  2021. Under the review of Dr. Lekos, Dr. Tomlinson and
                  Dr. Rampakakis APEX is set to be the new gold standard
                  in Canadian psychedelic clinical trials.

                                                                       14
Licensing Timelines
All phases described below will run in parallel

                                                           Health Canada approval for Clinical Trials in the Psilocybin
  Clinical Trials                      Day 60
                                                           Sector under Section 56(1) exemption.

                                                           Health Canada approval for Research & Development
  Research & Development                     Day 70        with Psilocybin products under Section 56 exemption.

                                                           APEX will be producing API GMP psilocin product through
  Production                                      Day 90   Dalton Pharma for trials, research and re-sale to other
                                                           licensed purchasers with the goal of creating organic
                                                           compounds in-house once licensed.

                                                                                                                          15
Security & GMP

Health Canada Security                                          GMP & ISO 9001 Standards
Under Health Canada Controlled Substance act, the dollar        The APEX Labs Ltd. team currently has working
amount of controlled substances that can be held under          arrangements with SGS Canada to build its R&D lab
our licensed premise depends on our security clearance          facility to GMP standards and pharmaceutical EU-GMP
level. Currently, Health Canada has illicit Psilocybin priced   grade for cultivation, packaging and resale. SGS will
at $25,000 per kilogram and the current North American          supervise all license filings and audits on a yearly schedule
GMP market for a gram of pure synthetic psilocybin              moving forward.
is $10,000. For APEX to comfortably navigate these
exuberant product costs safely, a security level of 8-9         Our founder Dr. Tomlinson has successfully achieved
would allow the Company to house up to $31,000,000              pharmaceutical GMP certification with Tilray
worth of controlled substances covering a multitude of          Pharmaceuticals and will be lead engineer of
compounds covered under section 56(1) and section 9 for         this compartment.
future business ventures.

*all numbers in CAD

                                                                                                                                16
Intellectual Property

             Genetic Registration & Rights
             APEX Labs Ltd. intellectual property development plan revolves around a
             quantified composition, new use, and invention claims approach. We combine
             these aspects together in order to bolster our claims to best suit strong and robust
             patent protection, specifically in organic molecular formulations.

             There is an incredible opportunity for developing and securing intellectual property
             in the Psilocybin and Psychedelic space. APEX Labs Ltd. is working hand in hand
             with our IP/patent counsel at Cooley LLP and BLG identifying the targets hosting
             the most opportunity to protect and to affectively capitalize on.

                                                                                                    17
Project Timeline 2021

                      Planning and construction of
1   Planning          2,200 square foot GMP standard      01/21 - 04/21
                      lab facility in Richmond, BC.

                      120 day build out of exterior,
2
    Lab               interior and supporting lab space              03/21 - 06/21
    Construction      with equipment order and install.

                      Begin of synthetic baseline
                      and organic formulation Phase II
3   Clinical Trials   human clinical trials with our
                                                                                     Starting
                                                                                      05/21
                      CRO in Montreal, QC.

                                                                                                18
Partners & Associates

                      Innomar Strategies                                           Aspen Island
                      Pre-CTA Health Canada                                        Canadian Wellness Centers working
                      specialist handling APEX’s                                   directly with APEX’s formulations and
                      literature dive for clinical trials.                         product delivery.
                                                                                                                             Mykology
                                                                                                                             Extraction,
                                                                                                                             formulation and
                                                               DLA Piper                                                     genetics specialist
                                                               World largest and leading legal
                                                               firm managing the go public
                                                               route for APEX.                    BLG Law
                                                                                                  Canada’s largest law
AlthoTech                                                                                         firm handling APEX’s
                    TriChome                                                                      Canadian IP.
GMP certification   Health Canada licensing
expert consulting                                                                                                            JSS Medicao
                    specialist consulting firm.                                                                              Research
outfit.                                                                                              SGS Canada
                                                                                                     The world’s             Clinical Research
                       Cascadia Mushrooms                    Dalton Pharma                           leading inspection,     Organization
                       Pacific North-West leading            Pharmaceutical cGMP                     verification, testing   (CRO) handling
                       organic cultivation.                  Manufacturing Lab.                      and certification       clinical trials and
                                                                                                     company.                protocols.
                                                                                                                                               19
Market Comparisons
  1      MINDMED $1.65b                                              4       COMPASS $2.22b
18-MC therapy for treatment of opioid use disorder, 18-M is         Psilocybin therapy for treatment resistant depression, In-clinic
derived from Ibogaine with offices in Vancouver, BC.                supervision required, based in London, UK.

 2      FIELD TRIP $339mm                                            5       NUMI $298mm
Field Trip blends legal psychedelic-enhanced therapy,               Numinus is a mental health company creating an ecosystem of
mindfulness, and self-care with a series of sessions with trained   health solutions to research, develop, and deliver safe, evidence
psychotherapists in a spa-like environment.                         based, accessible psychedelic-assisted psychotherapy.

  3      MYDECINE $92mm                                              6       CYBIN $275mm
A publicly traded life sciences parent company dedicated to         Cybin is a leading biotechnology company focused on
the development and production of adaptive pathway medicine         progressing psychedelic therapeutics by utilizing proprietary
solutions.                                                          drug discovery platforms.

                                                                                 * MARKET VALUATIONS AS OF FEBRUARY 14TH, 2021. PRICES IN CAD.   20
Private Project Cost - 18 Month Runway

                              Expense               Cost

                              Lab Build             $1,500,000

                              Security              $100,000

                              Product Sourcing      $300,000

                              Lease & Working Cap   $500,000

                              Clinical Trials       $1,500,000

                              Total                 $3,900,000

                                                                 21
Financing Opportunity

                                                                                                                                           Proceeds

                                         5,000,000 shares available    Secures lab location to begin lab construction, GMP build
  1     $0.10       1 tranche
                     st
                                                                                                                                          $500,000
                    * Near complete      with full warrant at $0.20    out and integrated licensing for R&D and Clinical Trials

                                         12,000,000 shares available   Completes lab build out with Health Canada security level 9
  2     $0.25       IPO                                                                                                                  $3,000,000
                    2nd tranche          with full warrant at $0.50    to begin Psilocybin cultivation, extraction and IP formulation

                                                                       Phase 2 Clinical Trials using IP formulation, new controlled
                                         6,000,000 shares available
  3     $0.50       3rd tranche                                        substance licensing applications and pubco marketing and          $3,000,000
                                         with full warrant at $1.00
                                                                       working capital funded and secured

                                         Murdo Acquisitions has                                                                         I/O: 30,896,500
Share Structure                          1,896,500 shares I/O
                                                                       Three rounds of financing         6,000,000 founder
Issued & Outstanding (I/O)                                             18,000,000 shares                 shares                          $6,500,000
                                         including distribution
                                                                                                                                          + warrants

* Numbers are not final and may be subject to change.

                                                                                                                                                          22
Contact

          Name      Apex Labs Ltd.

          Address   Suite 400 - 110 Cambie Street, Vancouver, BC V6B 2M8

          Aquired   13351 Commerce Parkway, Richmond, BC V6V 3A1

          Phone     (778) 994-8050

          Email     tyler@apexlabsltd.com

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