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12/06/19
13:07
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Originally posted by Syadyppah:
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THC In Trading Halt. With luck it amounts to them being granted official approval to manufacture and cultivate at Robyndale. If so the EVE are on a big fat winner. Request for Trading HaltPursuant to ASX Listing Rule 17.1, THC Global Group Limited (THC Global or the Company) requests a tradinghalt in the Company’s securities pending an announcement with respect to the grant of a Manufacture Licenceby the Office of Drug Control.THC Global anticipates that the trading halt will be lifted on or before Friday, 14 June 2019 by provision of anannouncement to the ASX with respect to the grant of the Manufacture Licence. EVE 15th May: Medicinal cannabis farming operations on EVE properties As announced to the market on 24 July 2018, THC Global has leased 60,000m2 of organic farm land from EVE for growing medicinal cannabis. The currently leased land is the subject of a medicinal cannabis cultivation licence lodged by THC Global last year, which has now progressed to “assessment phase” by the Australian Office of Drug Control (ODC) and is expected to be received this year. Receipt of this licence will allow for the first part of the extended project to commence which is expected to deliver biomass for production at THC Global’s bio‐pharmaceutical manufacturing facility as well as for supply to EVE under the previously announced Cannabis Off‐Take Agreement (see announcement on 24 July 2018). Under this agreement EVE will be provided with exclusive access to THC Global’s medicinal cannabis for use in product development by Meluka Honey on novel cannabis blended products including incorporation of the patented tea tree extract from EVE’s tea tree plantations.. THC Global has confirmed its binding intention with EVE to lease additional land on EVE’s Robyndale property to bring the total leased land for THC’s Northern NSW cannabis cultivation site up to a potential 150,000m2. The lease is subject to THC Global confirming that the additional land is suitable for lodgement of a cultivation licence application with the ODC.
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Yeah. It's most likely for their Bundaberg facility. Now they need to apply for manufacturing permit. I'm not sure if Eve's offtake agreement with THC is for Robyndale (still waiting for cultivation licence) and Southport (manufacturing facility) or does it include their Bundaberg facility???