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Highlands Natural Resources changes name to Zoetic International

The CBD and natural resources firm will begin trading on Tuesday under the new name as well as under a new ticker symbol, ZOE

Highlands Natural Resources PLC - Highlands Natural Resources changes name to Zoetic International
The company is shifting away from natural resources towards CBD

Highlands Natural Resources PLC (LON:HNR) (OTCMKTS:HGRF) has changed its name to Zoetic International PLC with immediate effect.

The cannabidiol (CBD) and natural resources firm will begin trading on Tuesday under the new name as well as under a new ticker symbol, ZOE.

READ: Highlands Natural Resources’s Robert Price exits as CBD business is prioritised

The name change marks another step in the group’s shift away from oil and gas towards its vertically integrated CBD business, which is based around its hemp-growing operation in Colorado and retail operations on both sides of the Atlantic. 

Last week HNR said that it aims to sell off its natural resource business over the coming months.

The firm is also negotiating a possible sale of some or all of these resource assets to Robert Price, its former chief executive, as part of a severance arrangement.

In late-morning trading on Monday, the group’s shares were 11.3% lower at 4.3p.

Quick facts: Zoetic International PLC

Price: 8.1 GBX

LSE:ZOE
Market: LSE
Market Cap: £12.06 m
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