Through an 80% ownership in Pharmadrug Production GmbH, Pharmadrug is a German medical cannabis distributor with a Schedule I European Union narcotics license allowing for the importation and distribution of medical cannabis in Germany and throughout the EU. In addition, the company (i) owns a convertible note into 54% equity of HolyCanna Ltd., a cultivation and nursery license holder in Israel, and (iii) has a binding LOI to purchase 57% of CannabiSendak Ltd., the builder of a network of dispensaries in Israel.