REG - Hydrogen Utopia Intl - Ohrid Organics – Cannabis Supply Agreement

Hydrogen Utopia InternationalAnnouncement

11/07/2024 07:00

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RNS Number : 9503V  Hydrogen Utopia International PLC  11 July 2024

 

 

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
(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.

 

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