VANCOUVER, British Columbia, Sept. 02, 2026 (GLOBE NEWSWIRE) — HYTN Innovations Inc. (CSE: HYTN, FSE: 85W0, OTC Pink: HYTNF) (“HYTN” or the “Company”), a pharmaceutical manufacturer specializing in products containing psychoactive and psychotropic compounds, announces that it has entered into an arrangement agreement with Peptide Development Labs Inc. (“PDL”) dated September 1, 2026 (the “Arrangement Agreement”), pursuant to which HYTN will separate its peptide-focused drug development business centered on the pre-clinical development of a subcutaneous injectable BPC-157 drug candidate for refractory ligament disorders into PDL (the “Arrangement”). HYTN’s Board of Directors formed a special committee, which recommended approving the Arrangement and the Board in turn unanimously approved the Arrangement and Arrangement Agreement. Shareholders of HYTN (“Shareholders”) will receive common shares in PDL (“PDL Common Shares”) in proportion to their shareholdings in HYTN. HYTN currently holds approximately 17% of PDL and, after PDL completes a concurrent financing, the Shareholders are expected to own approximately 14% of PDL. Read More