RNS21 Jun 2023 08:42
Understand it HUI will lend £500k to Howard Whites company CCS to start the purchase process to acquire 95%, over several years, of an unnamed Macedonian cannabis cultivator.
Next year the cannabis cultivator will start paying dividends to CCS which CCS will use to pay for more % of the 95%.
Meanwhile HUI has an option, which expires next year, to buy 49% of CCS. Future profits of CCS could be used to fund the build of HUI systems. One such system could be built on land next to the cannabis farm in Macedonia, if the farm indeed acquires the land next door.
The potential HUI system on the potential land next to the potential cannabis farm could potentially process the waste from the farm to potentially generate power to be sold to the farm.
Is there some kind of a prize given for deals like this?