CORPORATE UPDATE26 Apr 2019 22:40
15 April 2019
ANANDA DEVELOPMENTS PLC
(“Ananda” or the “Company”)
Update
The directors of Ananda Developments Plc (NEX:ANA) are pleased to provide shareholders with the following update.
hapac®
Ananda owns 15% of LHT, the 100% owner of hapac®, a technology for inhaling medicinal cannabis.
As previously announced, the hapac® product was launched in Milan, Italy over the Christmas and New Year period 2018/2019. Since the last update in March:
hapac® continues to be sold in 6 stores in Italy rates of sale are positive and customer feedback sessions are ongoing to ensure the product experience and mix is optimised hapac® will be released in a wider range of CBD content and two new flavours in the coming weeks
Further information on the hapac® product can be found at http://hapac.tech.
The Board has been reviewing several investment opportunities which have the potential to significantly increase in value for the benefit of Shareholders. The Company looks forward to providing an update in due course.
The directors of the Company accept responsibility for the contents of this announcement.
--ENDS—
Notes to editors
About Ananda Developments PLC
Ananda Developments plc
Executive Director Melissa Sturgess
Investor Relations Jeremy Sturgess-Smith
+44 (0)739 269 6517 ir@anandadevelopments.com
Peterhouse Capital Limited
Corporate Finance Fungai Ndoro Mark Anwyl
Corporate Broker Lucy Williams Duncan Vasey
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