Ann: EU Registration Commenced for CBD Derma Product Sales, page-4

• MGC Pharmaceuticals has now commenced registration of its cannabidiol (CBD) based Dermatological treatment products for symptoms of acne, psoriasis and seborrhoea with the European Cosmetics Products Notification Portal (CPNP)

• Upon grant of CPNP registration, the Company will be able to sell its CBD Dermatological skin care products throughout the European Union

• Registration follows the successful completion of its safety assessment, which included skin patch tests on 30 human volunteers for its cannabidiol (CBD) based products, targeted as a dermatological product for the relief and support of acne, psoriasis and seborrhoea skin conditions

• The skin patch test demonstrated no adverse dermatological symptoms on volunteers

• The Company will be shortly commencing 3-month Clinical tests on human volunteers in Slovenia to demonstrate the efficacy of the products