TSX-V
LG.V
0,06 CA$
-8,33%
LGC to Focus on Investments in Near-Term Medical Cannabis Production
Publié le 23 mars 2018
LGC Capital Ltd. Symbol: TSX-V: LG
Terminates option with House of Hemp as it no longer meets LGC's investment criteria MONTREAL , March 23, 2018 /CNW Telbec/ - LGC Capital Ltd. (LG.V ) ("LGC" ) announces that it has formally terminated its option to acquire a 30% interest in South Africa -based House of Hemp (Pty) Ltd, in favour of focusing LGC's resources and cash-strong balance sheet on developing its fast-growing investments in Australia , Montreal/Canada , Jamaica and Europe . LGC also announces that it is examining new near-term cash-flowing investment opportunities in Europe and southern Africa . As previously announced, LGC's 50/50 joint venture with AfriAg (Pty) Ltd had the exclusive right to acquire a 60% interest in House of Hemp.
View original content with multimedia: http://www.newswire.ca/en/releases/archive/March2018/23/c5073.html