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Stocks in Hong Kong firm that is pharmaceutical after issuing stocks to China-based hemp producer to explore medical cannabis

Stocks in Hong Kong firm that is pharmaceutical after issuing stocks to China-based hemp producer to explore medical cannabis

Hong Kong-based pharmaceutical company Meilleure Wellness Overseas Business Group issued 312 million shares that are new Hemp Investment Group, a Chinese hemp producer, for about HK$109 million (US$13.92 million) to be able to explore the healing uses of cannabis in Asia. Being a total outcome of the move, stocks in Meilleure rose up to 35% on Thursday, February 22.

Based on Meilleure wellness, web profits from the share registration Will be used to enlarge the ongoing company’s money base along with to get ready for company development possibilities pertaining to the hemp wellness industry. Читать далее

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