Volker Wiederrich, Chairman of the Board, ODI Pharma, comments:

"The full repayment of the loan marks the completion of a financing arrangement that supported the Company's commercial expansion. With no remaining interest-bearing liabilities, ODI Pharma enters its next phase with a strengthened balance sheet and increased financial flexibility."

The loan, amounting to EUR 350,000, was secured in June 2023 to provide additional financial flexibility as the Company advanced the commercialization of its medical cannabis products in Poland.

Having established a stronger operational platform and generated solid operational cash flow in recent quarters, ODI Pharma has today repaid the remaining EUR 150,000 of the loan. The loan carried an annual interest rate of 20.4 percent and was unsecured.

Following the final repayment, ODI Pharma has no remaining interest-bearing liabilities. The Company is now better positioned to focus on executing its growth strategy.

For more information on ODI Pharma, please contact:

Volker Wiederrich, Chairman, ODI Pharma AB

E-mail: info@odipharma.com  

ODI Pharma AB

ODI Pharma, based on its European network, subsidiaries and affiliates, is a producer and representative of finished pharmaceutical cannabis products with a focus on distribution to the medical cannabis market in Europe through its subsidiary ODI Pharma Polska Sp. z o.o. ODI Pharma intends to provide a high-quality product at a competitive price compared to competitors in Poland, thereby becoming the number one provider of medical cannabis in Poland. ODI Pharma also strives to be on the forefront of understanding the medical applications of the product as well as introducing new, innovative products to the European patients in need. The Company will continue to team up with the most knowledgeable and best renown partners in the industry to achieve its goals.