Hydrogen Utopia International
PLC
(the "Company"
or "HUI")
Ohrid Organics
- Cannabis Supply Agreement
Hydrogen Utopia International PLC, a
company specialising in converting non-recyclable mixed waste
plastic into hydrogen and other carbon-free fuels, new materials or
distributed renewable heat, is pleased to note that Ohrid Organics
Ltd ("Ohrid Organics") has just put out an announcement that a
supply agreement with Canopy Growth Germany GmbH, a subsidiary of
Canopy Growth Corporation, has been secured.
HUI has exercised its option to
acquire 49 % of Ohrid Organics and the acquisition is
proceeding.
The full announcement made by Ohrid
Organics is available on Ohrid Organics' website and can be
accessed through this link:
https://ohridorganics.com/news/ohrid-organics-signs-supply-agreement-with-canopy-growth-for-german-market
Aleksandra Binkowska, CEO of HUI,
commented: "I am delighted with
Ohrid Organic's exceptional relationship. The partnership
with Canopy Growth far exceeds my expectations. To have an
association with possibly the best-known cannabis company in the
world is spectacular. I strongly believe that medicinal cannabis
could help millions of patients with cancer, epilepsy, depression,
insomnia and many other ailments, all over the
world."
For further information, please
contact:
Hydrogen Utopia International PLC
Aleksandra
Binkowska
+44 20 3811
8770
Alfred Henry Corporate Finance Limited (LSE Corporate
Adviser)
Nick Michaels/Maya Klein
Wassink
+44 20 3772
0021
Novum Securities Limited (Broker)
Jon Belliss/Colin
Rowbury
+44 20 7399 9400
About Hydrogen Utopia International PLC
HUI aims to become one of the
leading new European companies specialising in converting
non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels,
new materials or distributed renewable heat.
A HUI facility uses non-recyclable
mixed waste plastic as feedstock and turns it into syngas from
which new products and energy can be produced. HUI anticipates that
its revenues will be derived from a variety of sources, dependent
upon location and configuration of the HUI facilities, including
the sale of syngas, hydrogen and other gases, electricity and heat
sales, and the payment to it of fees for a given quantity of
non-recyclable mixed waste plastic received at a HUI
facility.
HUI will target areas where there is
significant private sector interest or potential, financial backing
is accessible and or where substantial EU and/or government funded
sources of grants and loans are or may be available. The global
increase in fossil fuel-based energy prices reinforces the need for
alternative, price competitive energy sources, which
HUI's business model
can provide.
