Recent Updates: The Hydroponics Company Ltd (ASX: THC), is a small cap company having market capitalization of $74.8 million. THC stock fell 2.50% on July 25, 2018 after the company gave presentation for July 2018. THC for Hydroponics has executed European distribution agreement, Canadian distribution agreement for expansion into BC and Due Diligence on proposed quality US acquisition is progressing. The company has recently acquired production facility in Queensland which has $16.68 million combined asset
value in Balance Sheet. The replacement value is more than $30 million. The company is targeting to export GMP pharmaceutical product in Q2 2019. Research grade GMP pharmaceutical cannabis for Australia is planned for Q1 2019. Moreover, THC has Strategic Partnership with Ascent Industries Corp, Canada. The company is in negotiation for Offtake agreement to supply pharmaceutical grade CBD product to Ascent. The Collaboration agreement is required to be formally signed for joint development of CBD and THC medicines Information exchange on medicinal cannabis markets in Australia, Canada & internationally (including cannabis extracts and their medicinal applications). Meanwhile, THC stock has fallen 11.76% in three months as on July 24, 2018.
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