MGC Pharmaceuticals Ltd.

Notification of ASX Market Announcement

6 April 2022

LSE, ASX: MXC

MGC Pharmaceuticals Ltd ('MGC Pharma' or 'the Company') advises that it has lodged an "Appendix 3H - Notification of cessation of securities" on the ASX's Market Announcements Platform today, notifying the market of the cessation of 23,100,000 unlisted Performance Right previously issued to directors and employees of the Company under its incentive scheme.

A copy of the ASX Announcement (Appendix 3H) can be found at the following URL:

https://www.asx.com.au/asxpdf/20220406/pdf/457s6my9k64lly.pdf 

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About MGC Pharma

MGC Pharmaceuticals Ltd (LSE/ASX: MXC) is a European based bio-pharma company developing and supplying affordable standardised phytomedicines to patients globally. The Company's founders were key figures in the global medical cannabis industry and the core business strategy is to develop and supply high quality phytocannabinoid derived medicines for the growing demand in the medical markets in Europe, North America and Australasia. MGC Pharma has a robust product offering targeting two widespread medical conditions - epilepsy and dementia - and has further products in the development pipeline. 

Employing its 'Nature to Medicine' strategy, MGC Pharma has partnered with renowned institutions and academia to optimise cultivation and the development of targeted phytocannabinoid derived medicines products prior to production in the Company's EU-GMP Certified manufacturing facility.  

MGC Pharma has a number of research collaborations with world renowned academic institutions, and including recent research highlighting the positive impact of using specific phytocannabinoid formulations developed by MGC Pharma in the treatment of glioblastoma, the most aggressive and so far therapeutically resistant primary brain tumour.

MGC Pharma has a growing patient base in Australia, the UK, Brazil and Ireland and has a global distribution footprint via an extensive network of commercial partners meaning that it is poised to supply the global market. 

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