(MENAFN- ProactiveInvestors)
() has advised that The Hemp Corporation Pty Ltd (THC) has executed a revised term sheet for the acquisition of Ecofibre Industries Operations Pty Ltd.
This will be incorporated into Odin’s memorandum of understanding for the potential acquisition of THC via a to be incorporated special purpose vehicle.
It significantly increases the scale of operations and the intellectual property within Odin’s acquisition of the expanded THC group.
Ecofibre owns one of the world’s largest and most diverse genetic seed collections of cannabis and is the largest hemp seed producer in Australia with production in Queensland New South Wales and Tasmania.
Odin will retain its working interest in the offshore gas project located in Texas state waters in the U.S.
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