Mr. Otto Folprecht reports

VODIS COMPLETES PHASE ONE OF ITS WASHINGTON STATE TURNKEY MARIJUANA FACILITY

Vodis Pharmaceuticals Inc. has completed the first growing room in its turnkey Washington state facility. The tenant is expecting the inspection process by the Washington State Liquor Control Board to be completed within four weeks. The tenant's production will commence soon after using the Vodis turnkey solution for the I-502 production and processing facility.

Otto Folprecht, chief executive officer and director of Vodis, stated: "We are pleased that phase 1 of the project has now been completed ahead of schedule and within budget. We will quickly expand the number of growing rooms available to the tenant once the facility passes WSLCB inspection."

As the State of Washington continues on the transition from the medical program to the new I-502 legislation, retail stores over the past six months have reported as much as a 100-per-cent increase in sales as a result of the State of Washington initiatives. Vodis Pharmaceuticals and its subsidiary, Vodis USA, are also identifying innovative growing techniques that would lower costs while at the same time increase production yields, allowing the tenant to better meet the increased demand.

We seek Safe Harbor.