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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.

Quick facts: THC Global Group Ltd

Price: 0.4 AUD

ASX:THC
Market: ASX
Market Cap: $54.55 m
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