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.”
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.