GP Service: Acquisition of GP Service Ltd

Kanabo Group Plc (LSE:KNB), the pan-European medical cannabis company focusing on the development and distribution of cannabis-derived products for medical patients and wellness CBD consumers, announces the acquisition of The GP Service Limited (the "GP Service" or the "Target"), a UK-based private primary care telemedicine provider, for a net consideration of c. £13,498,634 ("Net Consideration"). Pursuant to a sale and purchase agreement between the Company (1) and the shareholders of the Target ("Sellers") (2) (the "Agreement") (details of which are described below) Kanabo will issue the Sellers 106,708,576 Ordinary Shares at a price of 12.65p which represent c. 22% of the issued share Capital of the Company.