Exhibit No. 21.1

SUBSIDIARIES OF REGISTRANT

As of June 30, 2017

1)	PHI Capital Holdings, Inc.
	Percentage of ownership: 100%
	Business activity: Consulting and M&A advisory services.
2)	American Pacific Resources, Inc.
	Percentage of ownership: 100%
	Business activity: Mining & Natural Resources.
3)	Abundant Farms, Inc.
	Percentage of ownership: 100%
	Business activity: Farming
4)	PHI Group Regional Center, LLC
	Percentage of ownership: 100%
	Business activity: Management of EB-5 Immigrant Investor Program