logo-loader

Erin Resources to reveal strategic agreement

Published: 05:00 21 Jul 2015 BST

au_cannabis_marijuana_generic_358_55ad90e2885f5

Erin Resources (ASX:ERI) recently secured an option to wholly-acquire MGC Pharmaceuticals Ltd (MGC), a European medical and cosmetic cannabis company.

MGC has secured key licenses in Slovenia to grow, process and extract, import and export Cannabis Sativa L (Hemp), and related CBD products, into European Union markets

Today Erin has been granted a trading halt pending the execution by MGC of an agreement in the southern hemisphere to complement its existing business.

The halt will remain in place until the opening of trade on Thursday 23rd July 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

MGC Pharmaceuticals reveals strategic objectives for H1 2024

MGC Pharmaceuticals Ltd (LSE:MXC, OTC:MGCLF, ASX:MXC) CEO and Managing Director Roby Zomer speaks to Thomas Warner from Proactive London following the completion of a share consolidation and capital raise. With these restructuring initiatives completed, Zomer shares his enthusiasm for the...

on 13/11/23