RE: Repost19 Jun 2025 12:39
And the OO Trading Update https://www.lse.co.uk/rns/HUI/ohrid-organics-trading-update-6v9geza12t7n5ts.html:
"Ohrid Organics Trading Update
Ohrid Organics Ltd, the holding company, based in London is pleased to announce that its wholly owned subsidiary, Ohrid Organics DOO based in North Macedonia, has entered into a significant sales agreement with a licensed medicinal cannabis company in North Macedonia. The agreement provides for the supply of up to €4.5 million in GACP-compliant cannabis products over the next 12 months. This contract establishes a stable revenue foundation for the company's North Macedonian operations and is expected to deliver meaningful profitability, supporting reinvestment into strategic infrastructure expansion.
Proceeds from the agreement will directly contribute to the development of a significantly enlarged post-harvest facility, a key enabler in Ohrid Organic's broader growth trajectory. This facility will support a phased increase in cultivation capacity, scaling from the current 6 x 500m² greenhouses to the full licensed footprint of 37 x 500m² greenhouses."
And the placing sold at least 9, potentially 9.65m so no TR1 expected. HUI cashed up for the MENA as well. OO acqusition ongoing and the preIPO appears to still be open but it's under the radar. Get in touch with HW at HUI for the pack £1m preIPO based on £20m valuation (which is reasonable as we've posted here before).