On March 12, 2020, Stanley Hirsch resigned as Chairman and Director of both OWC Pharmaceutical Research Corp. and its wholly-owned Israeli subsidiary, One World Cannabis Ltd. and as a member of the Company’s Audit Committee. On March 12, 2020, the Company’s Board of Directors appointed Mr. Amir Ohad to the Board of Directors. On March 13, 2020, the Company appointed Mr. Amir Ohad as Chairman of the Company and One World Cannabis.