Australia  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

THC Global Group opens SPP and notes near term milestones

Proactive Investors Tuesday, 9 April 2019
THC Global Group Ltd (ASX:THC) yesterday opened its share purchase plan (SPP) offering shareholders to apply for up to $15,000 worth of additional shares priced at 50 cents each. In a letter to shareholders, THC’s chairman Steven Xu said: “The funds raised from the Share Purchase Plan will be applied to progress the company’s Australian medicinal cannabis activities as it transitions into full-scale production as final licences and permits are received in the near term, as well as general working capital.” The company also released its April 2019 briefing note, which it distributed to shareholders yesterday. READ: THC Global Group expands into Asia with partnership The briefing note highlighted the near term outlook for the company which included the receipt of final Australian cannabis licenses and permits enabling two manufacturing facilities and cultivation sites. At its manufacturing facility, it is working towards first validation production, which aims to lead to high-value profitable production of up to 120,000 kilograms of oil at full capacity. Furthermore, in the April briefing note, THC listed signing key offtake agreements for products and securing cannabis supply through domestic production in its near term outlook. A global, diversified, vertically integrated cannabis company THC Global is a diversified cannabis company with primary operations in Australia, New Zealand and Canada. The company’s medicinal cannabis model is based on a vertically integrated ‘Farm-to-Pharma’ approach across research and development, cultivation and pharma-grade manufacturing. THC Global also operates a hydroponics equipment business based in Canada servicing North America and Europe.
0
shares
ShareTweetSavePostSend
 
Credit: The Street - Published < > Embed
News video: Why There's No Global Recession on the Horizon

Why There's No Global Recession on the Horizon 06:04

Do you think that there's a recession on the horizon? Despite what you might see on the news or on your Twitter timeline, there is no recession on the horizon according to Jeffrey Cleveland, chief economist at Payden & Rygel. "So, you could tell a story of a weakening global economy, and you had...

Recent related videos from verified sources

What Investors Need to Know about Nvidia for the Rest of 2019 [Video]What Investors Need to Know about Nvidia for the Rest of 2019

Nvidia reported earnings on Thursday, May 16th. The chip maker said adjusted earnings for the three months ending on April 28, the group's fiscal first quarter, came in at 88 cents per share, down more..

Credit: The Street     Duration: 03:03Published

Is Beyond Meat's Rapid Run a Sign of an IPO-Driven Bubble? [Video]Is Beyond Meat's Rapid Run a Sign of an IPO-Driven Bubble?

After pricing its IPO at a modest $19 to $21 per share, Beyond Meat could be set to touch over $100 soon. That might be a problem for investors worried about a pullback. The Los Angeles-based company..

Credit: The Street     Duration: 03:38Published

What You Need to Know About Two Key Risks Investors Need to Navigate in 2019 [Video]What You Need to Know About Two Key Risks Investors Need to Navigate in 2019

As trade tensions come to bear and the market focuses in on China with a laser focus, investors are best served to take a look at the broader picture, which may have less observed risks remaining...

Credit: The Street     Duration: 08:45Published

NBCUniversal’s Reidy On Big Screen Migration, AdSmart Venture With Sky [Video]NBCUniversal’s Reidy On Big Screen Migration, AdSmart Venture With Sky

While video content fragmentation is great for viewers, it can be “a little overwhelming” for advertisers. One of the ways that NBCUniversal hopes to make it easier—on a global scale—is its new..

Credit: BeetTV - Affiliate     Duration: 05:41Published

NCT 127 Inks New Global Deal With Capitol Music Group & Caroline | Billboard News [Video]NCT 127 Inks New Global Deal With Capitol Music Group & Caroline | Billboard News

NCT 127 Inks New Global Deal With Capitol Music Group & Caroline | Billboard News

Credit: billboard.com     Duration: 01:39Published

Wild elephant chases tourist car along rural road in south India [Video]Wild elephant chases tourist car along rural road in south India

A wild elephant emerged from the bushes to chase a tourist vehicle on a rural road in south India yesterday (April 1). The incident took place while the vehicle was travelling fm Udagamandalam to..

Credit: Newsflare     Duration: 00:31Published

Don't Bail on Apple Services, Wall Street Implied [Video]Don't Bail on Apple Services, Wall Street Implied

Apple shares didn't move after the Cook & co. announced its new subscription services Monday. The stock fell 1.51% to $185.89 a share Tuesday, after having fallen slightly Monday. And Wall Street's..

Credit: The Street     Duration: 02:03Published


Recent related news from verified sources

Global Energy Ventures to discuss its natural gas shipping technology at Proactive’s CEO Sessions

Global Energy Ventures Ltd (ASX:GEV) will discuss its natural gas shipping technology at Proactive’s CEO sessions next month. The company further developed its...
Proactive Investors

Mincor Resources raises $23 million to accelerate nickel sulphide mining in WA

Mincor Resources NL (ASX:MCR) has raised $23 million in a capital raising to fast-track plans to re-start high-grade nickel sulphide mining in the Kambalda...
Proactive Investors

You Might Like


Other recent news in Business

ioneer well positioned for US–AUSTRALIA battery mineral allianceQatari PRESIDENT of PSG under graft investigation in France
NY puts Dems closer to TRUMP TAX returnsGEOFFREY RUSH gets $2.9m defamation payout in total
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.