DanCann Pharma A/S: CFO Mads Møller Kristensen and DanCann Pharma will be parting ways as of 31 May 2022

COPENHAGEN, Denmark, 28 March 2022 - DanCann Pharma A/S (SS: DANCAN) ("DanCann Pharma" or the “Company”), a Danish company powered by cannabinoids, hereby announce that the CFO Mads Møller Kristensen and the Company will be parting ways.

DanCann Pharma and CFO Mads Møller Kristensen have decided to stop the collaboration at the end of May 2022.

CEO, Jeppe Krog Rasmussen, comments:

“Since the appointment as CFO in April 2020, Mads has developed a well-functioning finance function from scratch, and at the same time he has been a big contributor to the development of the Company. Mads has made a difference for DanCann Pharma, and we wish him all the best.”

CFO, Mads Møller Kristensen, comments:

“Since joining DanCann Pharma I have had the privilege to work with some amazing and highly competent people across all levels in the organization. I have the utmost respect for the effort and accomplishments that the team has pulled off and I am confident that DanCann Pharma will continue to achieve great results in the future.”

Mads Møller Kristensen will help with the transfer of the tasks, while the Company will work to find its new candidate and solution for the position and its redefined tasks.

Disclaimer

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.

Forward-looking statements are subject to several risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research strategies, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities.

Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this presentation are made as of the date of this presentation and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

About DanCann Pharma

DanCann Pharma A/S (SS: DANCAN) was founded in 2018 and is a Danish biopharmaceutical Company powered by cannabinoids. DanCann Pharma is a vertically integrated, licensed production and distribution Company based in Denmark. The Company focuses on discovering, developing, manufacturing, and commercializing new therapeutic cannabinoids in a wide range of disease areas.

DanCann Pharma A/S (SS: DANCAN) is listed on the Spotlight Stock Market in Copenhagen.
For more information, visit: www.dancann.com

For further information, please contact:

Jeppe Krog Rasmussen, CEO
E-mail: jkr@dancann.com
Website: www.dancann.com