Proactive Investors - Run By Investors For Investors

THC Global Group launches SPP ahead of final licensing

Shareholders can acquire shares at 50 cents, being a discount to the last price of 56.5 cents.
three hands dropping coins in jars
The SPP is a capital raising that rewards shareholders’ loyalty

THC Global Group Ltd (ASX:THC) has launched a share purchase plan (SPP) allowing shareholders to apply for up to $15,000 worth of shares priced at 50 cents.

The SPP opens tomorrow and will close on 26 April 2019.

The company sees the offer as an opportunity for shareholders to purchase discounted shares prior to the expected receipt of final licencing.

THC’s chairman Steven Xu said: “With this share purchase plan we are offering our loyal shareholders the opportunity to purchase shares at a discount to the current market price, in advance of the expected final licencing required to transition into full-scale medicinal cannabis production.”

READ: THC Global Group expands into Asia with partnership

Last Friday, THC secured a mutually exclusive partnership with Malaysian agri-tech company Heleogenics Sdn Bhd.

The deal represents a significant first step in the company’s Asian markets strategy.

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full THC profile View Profile

THC Global Group Ltd Timeline

Related Articles

November 13 2018
Ascent, viaThirty Eight Hemp Corp, will exploit the hemp market via its strategic relationship with AgTech Scientific
muffins and cannabis
November 29 2018
Dehydratech is essentially a delivery system that allows drugs and vitamins to get into the bloodstream quicker, while making them taste and smell better at the same time
A WeedMD greenhouse
January 21 2019
WeedMD produces cannabis and cannabis oil for both the medical and adult-use markets

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use