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THC Global Group Ltd granted trading halt by ASX

THC Global operates under a ‘Farm to Pharma’ pharmaceutical model.

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Shares in the company last traded at 42 cents before going into halt

THC Global Group Ltd (ASX:THC) has been granted a trading halt by the ASX pending the release of information regarding the grant of a manufacture licence by the Office of Drug Control.

Shares in the company will remain halted until the earlier of either, the release of relevant information, or, the commencement of trading next Tuesday 9 July 2019.

READ: THC Global has full suite of cannabis licences to advance farm-to-pharma model

THC is in a prime position to commence medicinal cannabis production to service both domestic patients and the global export market.

The company is active globally with operations in Australia, New Zealand, and Canada and partnerships across Europe, Asia, and the Middle East.

In addition to its core Australian medicinal cannabis assets, THC has a significant Canadian presence – both in cannabis and in hydroponics equipment.

Quick facts: THC Global Group Ltd

Price: 0.425 AUD

ASX:THC
Market: ASX
Market Cap: $58.09 m
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THC Global starts manufacturing at Southport facility after green light from...

THC Global Group Ltd’s (ASX:THC) group chief executive officer Ken Charteris updates Proactive after the company received a key medicinal cannabis manufacture permit for its Southport facility from the Australia regulator, allowing production to start immediately. Charteris says this is...

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