Iofina unveils investment in hemp production firm Organic Vines
The AIM-listed group has invested US$900,000 into Organic Vines to help fund the first grow cycle at its 240,000 square foot greenhouse facility in Denver, Colorado
Company
Iofina PLC
LON:IOF
Iofina plc is a vertically integrated company that specializes in the exploration and production of iodine and the manufacturing of specialty chemical derivatives. Through its commitment to technology development and investing in its people, the company successfully services markets around the globe via its business lines, Iofina Resources and Iofina Chemical.
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Iofina remains on track for a record year
Its plants extracted 167.2 metric tonnes of the crystalline iodine in the third quarter
Iofina heartened by the strengthening iodine market
IO#8 is currently in its first phase of construction
Iofina starts work on next iodine extraction plant as it finds oil and gas partner
Iofina’s IOsorb technology extracts iodine from the waste brine produced by oil and gas wells.
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Iodine producer Iofina to branch into hemp-derived products following the formation of new unit
The subsidiary is to be called IofinaEX and will create products in Central America and the Caribbean for export
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City broker hikes forecasts for iodine producer Iofina after “strong” first half
The first-half update revealed a 10% jump in production at a time when iodine prices are on the rise, while the balance sheet has also been strengthened
Investments and investor services
FTSE 100 closes lower Friday after lacklustre week
The FTSE 250 went the other way and gained over 87 points on Friday
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Maistro shares to become just a blurred memory
A look at the day's major movers, including Great Western Mining, Majestic Wine, Ascent, Ferguson and Just Group
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Iofina to move into production of CBD oil after Kentucky approves hemp licence
"The directors are determined to explore the isolation of CBD oil and other valuable products from hemp, a market which is currently underdeveloped but rapidly growing,” said chief executive and president, Tom Becker.
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Frontier Smart Technologies soars after rejecting bid approach from Science Group
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Iofina to raise up to £7.5mln to pay off debt and expedite construction of new production facility
The funds raised will also go towards completing upgrades at Iofina's other plants, while some have been earmarked for investment in new product development at Iofina Chemical.
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FTSE 100 closes in the red as trade tensions and Brexit confusion rumble on
The UK index of leading shares closed down nearly 38 points at 7,310
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Malvern surges after confirming attendance at investor conference
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Iofina mulls fundraising after recent share price surge
The directors of the company will consider the impact of any fundraising on shareholders when deciding whether or not to proceed.
Investments and investor services
FTSE 100 closes higher and global stocks rally as trade fears seem to ease
On Wall Street, the Dow Jones Industrial Average is up 287 points at the time of writing