Rafarma Pharmaceuticals, Inc. announced that it has successfully completed negotiations with Albopark Ocio SL, which is the owner of the Hotel Albons in Girona, Spain. Under the agreed terms, Rafarma will open its first specialized spa in Europe. The spa will be located within the property of the Hotel Albons. The Spa will specialize in cannabis-based beauty and health products currently manufactured by Rafarma in Slovenia. The Company plans to duplicate its treatment protocols currently under development in Thailand in this first European spa, as well as other specialized spas to open throughout Europe. Opened in February of 2020, the Hotel Albons is a five-star property operated by CMC Hospitality. The Hotel Albons is in process to become part of a first-rate international brand. The company will commence preparation for the opening of the spa immediately, following the lifting of COVID-19 measures. To be ready for immediate opening following the lifting of measures, all spa materials will be supplied from the company headquarters in Ljubljana, Slovenia.