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Iofina makes $0.9m investment in Organic Vines

Wed, 6th Nov 2019

Iofina said it had made a $0.9m investment in Organic Vines, a hemp seed production and genetics company. The investment was in-line with the company's strategy to develop and integrate IofinaEX, which was focused on processing and developing products derived from hemp, such as CBD, the company said. Assuming a successful crop, Iofina anticipated a profit on investment by mid-year 2020 totalling up to US$1.8m. 'Based on current seed pricing the board believes that maximum return is achievable,' it added. At 9:17am: (LON:IOF) Iofina PLC share price was -0.4p at 22.6p Story provided by StockMarketWire.com

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