RAMM Pharma Corp. announced that the company has completed its previously announced acquisition of Canapar Corp. (“Canapar”). Pursuant to the terms of the acquisition, RAMM acquired of all the common shares of Canapar (“Canapar Shares”) that the Company did not previously own (including Canapar Shares issuable upon the conversion of outstanding promissory notes of Canapar and Canapar Shares issuable upon the exercise of vested stock options of Canapar) in exchange for an aggregate of 21,778,752 common shares of RAMM at a deemed value of $1.20 per RAMM Share (“RAMM Shares”) for a total purchase price of approximately $26.1 million (the “Transaction”). On closing of the Transaction, Sergio Martines, the former Chief Executive Officer of Canapar, was appointed to the board of directors of the company such that the four-member board of RAMM now consists of: Jack Burnett (Chairman), Daniel Augereau, Eric Klein, and Sergio Martines. Mr. Martines was also appointed as Vice-President of the Company.