Item 1.01 Entry into a Material Definitive Agreement

Effective June 24, 2020, CannapharmaRx, Inc., a Delaware corporation (OTC Pink "CPMD") ("CannapharmaRx" or the "Company") entered into a Limited Liability Company Membership Interest Purchase Agreement (the "Purchase Agreement"), with Bristol Capital Investors, LLC, a Delaware limited liability company, to purchase Ramon Road Production Campus, LLC, a Delaware corporation ("Ramon Road"). Ramon Road is the owner of a state-of-the-art, fully automated cannabis facility designed to accommodate cultivation, manufacturing, distribution, testing laboratory and retail. The main building consists of 325,599 total square feet divided into two primary uses: a Headhouse and a "closed" greenhouse consisting of 8 zones situated on nearly 20 acres, located in Coachella Valley, CA. The property has approved plans for an additional 163,500 square feet building, designed with long term automation methodologies, efficiency and a focus on sustainability of cannabis production. The closed loop rail system is assisted by clone and vegetative staging machines which then are delivered to washing and staging stations for maximum efficiency. The city of Cathedral City has zoned the subject property as Planned Community Commercial (PCC), where permitted uses include cannabis cultivation, manufacturing, distribution, testing laboratory and retail.

The purchase price is $10 million. The acquisition is anticipated to close during the next 45 days, subject to CannapharmaRx receiving appropriate funding. The property will need approximately $20 million in upgrades to become fully functional. While no assurances can be provided, the Company believes it has secured financing for this project via a senior credit facility. Upon completion of upgrades, which are expected to take approximately 6-7 months, the production facility is expected to generate up to 50,000 kilograms of cannabis per year.

Item 7.01 Regulation FD Disclosure

Attached is a copy of a press release being issued by us relating to the execution of a Purchase Agreement to acquire Ramon Road Production Campus, LLC, a Delaware corporation, from Bristol Capital Investors LLC described in Item 1.01 above., a copy of which is attached as Exhibit 99.1 and is hereby incorporated.

Item 9.01. Financial Statements and Exhibits.






(c) Exhibits.



Number    Exhibit
10.5        Purchase Agreement with Bristol Capital Investors LLC

99.1        Press Release Announcing the execution of a Purchase Agreement to
          acquire Ramon Road Production Campus, LLC.






















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