Australian Primary Hemp climbs on retail distribution deal with Coles

Sustainable Nutrition

20/04/2021 03:52

** Australian Primary Hemp Ltd  APH.AX  rises as much as
12.2% to A$0.415, on track for its biggest gain since March 3
    ** The hemp-based wellness products maker signs a retail
distribution deal with supermarket Coles  COL.AX  to carry five
additional products from its "Mt. Elephant" range in stores
across Australia from July  urn:newsml:reuters.com:*:nASN00136V 
    ** APH expects the deal to generate sales revenue of about
A$3 mln ($2.34 mln) per annum from July 
    ** Stock hits a more than one-week high
    ** More than 206,000 shares change hands, compared with the
30-day average volume of about 79,000
    ** Stock up 8.8% this year, as of last close


($1 = 1.2839 Australian dollars)

 (Reporting by Rashmi Ashok in Bengaluru)
 ((Rashmi.Ashok@thomsonreuters.com; +918061822604;))