Harry Karelis

Executive Chairman

Mr Karelis graduated from The University of Western Australia with Bachelors and Honours in Science majoring in Biochemistry and Microbiology as well as a Masters in Business Administration. He is a Fellow of the Financial Services Institute of Australia, a Fellow of the Australian Institute of Company Directors and has qualified as a Chartered Financial Analyst (CFA) from the CFA Institute in the United States. He has over 25 years’ experience in the capital markets with roles in financial analysis, funds management and private equity investing both in Australia and overseas.

Mr Karelis is an experienced ASX company director and is currently a director of Zelda Therapeutics Limited and is a former founding Director of AusCann Limited – two of Australia’s leading medicinal cannabis companies.

He has extensive relationships in the medicinal cannabis sector globally and is responsible for formulating and implementing corporate development strategies for the company. Mr Karelis resides in Australia.

Tod McGrouther

Non-executive Director

Mr McGrouther has over 30 years of financial services and corporate advisory service. He is a co-founder and current director at KTM Capital, a Sydney-based boutique investment bank specialising in corporate advisory and underwriting services for high-growth companies. Since KTM’s inception in 1988, the Company has assisted over 60 clients in more than 150 transactions, raising over $600 million of equity capital.

Prior to founding KTM Capital, Mr. McGrouther was a Director of the Corporate Finance Department of Prudential Bache Securities Limited, and prior to that, he was an Associate Director at Bankers Trust Australia. Mr. McGrouther specialises in the provision of strategic advice in the areas of valuation, capital raising and investor relations services for ASX listed companies.

Mr McGrouther resides in Australia

Andrew Chapman

Non-executive Director

Mr Chapman established Merchant Company in December 2011. Joining the industry in 1999, Mr Chapman has been exposed to numerous market cycles and has adapted his personal views on active portfolio management combined with an awareness of risk to offer a specialised investment management service to a select Company of high net worth clients and the Merchant Opportunities Fund.

As the Fund Manager of the Merchant Opportunities Fund, Mr Chapman’s track record of creating value for shareholders speaks for itself with top quartile returns over the last 3 years. Mr Chapman was responsible for establishing OzHarvest in Western Australia – www.ozharvest.org.au where he still maintains a Board position.

Ricardo Pendón

Managing Director (HAPA Medical)

Mr Ricardo Pendón is the founding Managing Director of the HAPA Medical Group. Ricardo has been a successful entrepreneur for over 15 years. He has built two companies in the health insurance and public & investor relations sector and has achieved successful exits of these businesses. He has bootstrapped the company since inception and has built a team of individuals and a network of relationships positioning the HAPA Medical Group to take advantage of the medicinal cannabis sector in Europe. Mr Pendón resides in Germany.

Michael Sprenger

Executive Director & Chief Operating Officer (HAPA Medical)

Michael Sprenger is a co-founder of HAPA Medical. Michael graduated from the Frankfurt School of Finance and Management, one of the top-5-business schools in Germany, with a Bachelor of Science in International Business. Michael started his career managing hedge funds up to 1.5 billion EUR in assets for institutional investors in absolute return and derivative strategies. Building smaller companies on the side he moved into the start-up industry in Berlin. He worked for the most successful venture builders in Germany (Rocket Internet, HitFox Group) hands-on in early stage start-ups bringing them to speed operationally. He has a strong finance and analytical background especially in the start-up environment. Mr Sprenger resides in Germany.

Arron Canicais

Company Secretary and Chief Financial Officer

Mr Canicais is a corporate advisory executive at Smallcap Corporate which specializes in corporate advice and compliance administration to public companies. Mr Canicais has been involved in financial reporting and corporate compliance for over 10 years. Mr Canicais is an associate member of the Institute of Chartered Accountants and an associate member of the
Governance Institute of Australia. Mr Canicais is currently Chief Financial Officer and Company Secretary on a number of ASX listed and unlisted Companies.