Change of Name to THC Global Group Limited
The ASX code "THC" remains unchanged.
The change of the Company name was approved by shareholders at the Extraordinary General Meeting held on 15 November.
Shareholders supported the directors when considering the new name, which better reflects the strategic developments in the business, the importance of advancing established global operations and international partnerships and recognises the significant value THC Global is now creating and into the future, across both medicinal and recreational cannabis markets.
THC Global believes the new name also captures the growth objectives and direction for the Company as a leading medicinal cannabis business with tier one growing and manufacturing capacity in Australia and ability to supply and expand internationally.
THC Global will continue to expand its Vancouver-based revenue generating hydroponics division (Crystal Mountain), which sells equipment and growing mediums, while accelerating the build out of its medicinal cannabis growing and manufacturing facilities under its 'Farm to Pharma' pharmaceutical model.
About THC Global Group Limited
THC Global Group Limited (ASX:THC) (OTCMKTS:HDRPF) (FRA:9TH) operates under a 'Farm to Pharma' pharmaceutical model and is currently delivering high quality medicinal cannabis products to Australian patients through existing access schemes. Having secured both a significant growing capacity over two grow sites, and an industry-leading pharmaceuticals biomanufacturing facility with attached testing and product development laboratory, THC Global is in prime position to service both domestic patients and the export market. THC Global's commercial partners operate across four continents, supporting future international growth.
In addition to its core medicinal cannabis business, THC Global owns two Canadian companies, being Crystal Mountain Products and Vertical Canna Inc. Crystal Mountain Products operates a revenue generating global hydroponics retailer and distributor of equipment, material, and nutrients to cannabis growers and producers. Vertical Canna Inc is an investment vehicle through which THC Global intends to build, through acquisitions and strategic partnerships, a vertically integrated Canadian cannabis producer and retailer.
THC Global Group Limited