Devonian Health Group Inc. announced that it has entered into a twelve (12) month term loan in a principal of $2,160,000 (the Loan) from Fiera Private Debt Inc. (Fiera), following the repayment of its $3,500,000 long term loan, which matured January 17, 2024. The Loan will be used for general corporate purposes. The Loan will bear interest at a rate of the annual variable interest rate set by the National Bank of Canada in effect from time to time, plus 8.80% per annum.

The Loan will be secured by (i) a first-rank immovable hypothec in favour of Fiera over the Corporation?s property located at 360 des Entrepreneurs Street, Montmagny (Québec) G5V 4T1, (ii) a first-rank hypothec in favour of Fiera over the universality of the moveable property, corporeal and incorporeal, present and future, of the Corporation and Altius Healthcare Inc. (?Altius?), the Corporation?s wholly owned subsidiary, (iii) a movable hypothec, with and without delivery, in favour of Fiera on the shares and other securities of Altius? share capital held by the Corporation, and (iv) a security agreement in favour Fiera over the intellectual property rights, present and future, held by the Corporation and Altius in Canada and the United States. The Loan remains subject to the Exchange approval.