Celebrating 10 Years of Trusted News Discovery
One News Page
> >

The Hydroponics Company retains manager and team from acquired biomanufacturing facility

Proactive Investors Monday, 7 May 2018
The Hydroponics Company Ltd (ASX:THC) has been able to secure a number of key personnel that previously worked at the recently acquired biomanufacturing facility in Queensland. The company has appointed Dr Michael Harrison as the manager for the facility. Dr Harrison was formerly employed in the same capacity by LEO Pharma, the vendor of the facility. He will be joined by other former key LEO Pharma employees to continue to manage the facility as it transitions to a production facility producing high-purity medicinal cannabis products. READ: The Hydroponics Company acquires world-class biomanufacturing facility, shares up Furthermore, a wholly owned subsidiary THC Pharma Pty Ltd has been incorporated and will be led by board member Ken Charteris. THC Pharma will expedite its applications to the Office of Drug Control for necessary approvals to both commence processing in its biomanufacturing facility and enable the growing at its New South Wales property. Last week, the company entered into a binding term sheet allowing it to enter three agreements subject to a 60 day due diligence window. These agreements were for exclusive rights to lease organic certified land in northern New South Wales, an off-take agreement, and a supply agreement. READ: The Hydroponics Company to lease land for growing medicinal cannabis THC’s chairman Steven Xu said: “THC continues to aggressively pursue its medicinal cannabis strategy to establish full-scale, vertically integrated processing and production of medicinal cannabis. “THC has furthered this through its recent facility acquisition to build production capacity and binding term sheet securing a site for the growing of organic medicinal cannabis. “THC, through its various business units is ensuring that the best team is retained to develop product supply for Australian patients in the near term in addition to supplying the export market as approvals are obtained.”
Credit: Wochit News - Published < > Embed
News video: Company Run By 'Putin's Cook' To Plead Not Guilty To Conspiracy Charges

▶ Company Run By 'Putin's Cook' To Plead Not Guilty To Conspiracy Charges 00:47

A Russian company accused of trying to tilt the 2016 presidential election is pleading not guilty. Company representatives are to appear in a federal court in Washington, D.C. Wednesday. Concord Management and Consulting LLC is accused of engaging in criminal and espionage conspiracy. They allegedly...

You Might Like

Recent related videos from verified sources

Takeda Pharmaceutical CEO Talks Big Pharma Trends [Video]Takeda Pharmaceutical CEO Talks Big Pharma Trends 03:01

Big pharmaceutical companies have begun 2019 with a bang. Blockbuster deals like Bristol Myers Squibb's $74 billion deal for Celgene , Eli Lilly's $8 billion deal for Loxo Oncology, and Takeda..

Credit: The Street - Published

'What Sells Cars Is Driver Image,' Says VW of American CEO [Video]'What Sells Cars Is Driver Image,' Says VW of American CEO 02:26

On Monday, Jan. 14, Volkswagen announced that it selected its manufacturing plant in Chattanooga, Tenn., as ground zero for the company's first electric vehicle facility in North America. TheStreet..

Credit: The Street - Published

Police Shoot Suspect After Standoff At UPS Facility [Video]Police Shoot Suspect After Standoff At UPS Facility 00:37

According to Reuters, a standoff at a UPS facility in New Jersey ended with police shooting the suspect. Officials said that the standoff took place at a sorting facility during the morning. Gloucester..

Credit: Wochit News - Published

Norwegian Cruise Lines Could Be Docking With a Dividend in 2019 [Video]Norwegian Cruise Lines Could Be Docking With a Dividend in 2019 01:27

Norwegian Cruise Lines Holdings could be creating a safer harbor for investors in 2019. CFO Mark Kempa told Real Money's Kevin Curran aboard the company's Oceania brand ship Insignia that a dividend..

Credit: The Street - Published

Jim Cramer Breaks Down the Unfolding Drama Over at PG&E [Video]Jim Cramer Breaks Down the Unfolding Drama Over at PG&E 00:37

TheStreet's Joseph Woelfel and Anne Stanley have been following the utility company as the drama has unfolded. In a statement, the California utility company said it intends to file petitions to..

Credit: The Street - Published

Jim Cramer's Reaction to Citigroup's Earnings, PG&E and Why China Matters [Video]Jim Cramer's Reaction to Citigroup's Earnings, PG&E and Why China Matters 10:23

Time to kick off the week. Here's what's on Jim Cramer's mind on Monday, Jan. 14. Citibank's Earnings TheStreet's Bradley Keoun broke down Citigroup's earnings. Net income was $4.3 billion, the New..

Credit: The Street - Published

Shareholder sues Google claiming it covers up sexual misconduct [Video]Shareholder sues Google claiming it covers up sexual misconduct 02:03

SAN MATEO, CALIFORNIA — The Guardian reports that Google shareholder James Martin filed a suit against Alphabet Inc. Thursday accusing it of handing out massive payouts to company executives accused..

Credit: TomoNews US - Published

Crews Battle Fire At Washington Co. Lumber Company [Video]Crews Battle Fire At Washington Co. Lumber Company 00:18

Crews battled a fire at a Washington County lumber company Saturday afternoon.

Credit: KDKA CBS 2 Pittsburgh - Published

Recent related news from verified sources

Golden Leaf Holdings Announces Termination of Agreement to Acquire the Assets of Tahoe Hydroponics

PORTLAND, Ore., Jan. 16, 2019 (GLOBE NEWSWIRE) -- Golden Leaf Holdings Ltd. (“Golden Leaf” or the “Company”) (CSE:GLH) (OTCQB:GLDFF), a cannabis company...
GlobeNewswire - Press Releases

TAB Bank Provides Metals Company in Mississippi with a $500 Thousand Revolving Credit Facility

OGDEN, Utah, Jan. 08, 2019 (GLOBE NEWSWIRE) -- TAB Bank is pleased to announce it has provided a $500 thousand revolving credit facility for a metals company...
GlobeNewswire - Press Releases

Company seeks incentives to create logistics and distribution facility in Manatee County

A company wants incentives to locate a logistics and distribution facility in Manatee County. The project, code-named "Project Volley," is projected to provide...
bizjournals - Business

Herbalife CEO offers surprise resignation

Herbalife CEO Richard Goudis resigned Wednesday due to undisclosed comments the executive made prior to taking his role as head of the nutrition supplement...
bizjournals - Business

Tweets about this

Other recent news in Business

GOLDMAN SACHS' retail bank Marcus took over £5 billion in UK deposits in just 3 monthsVanguard founder JOHN BOGLE dies at 89
Switzerland's Veeam SOFTWARE just scooped up half a billion dollars in funding and the cofounder says he's ready to start buying companiesWHY ARE THE CHINESE BUYING FEWER CARS?
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Contact us  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest