Hydrogen Utopia International PLC announced that Ohrid Organics Ltd's subsidiary, King Fild DOO had its first commercial medicinal cannabis harvest in North Macedonia. The harvest amounted to 200kg of which 50kg was used to test King Fild's drying equipment. 150kg of finished goods are now available for sale. A second harvest of approximately 250kg is expected in 2 weeks.
King Fild's first conditional purchase order is with an English distributor, who is anticipated to become King Fild's exclusive UK distributor. The purchase order is for a minimum of 10kg at EURO 2.50 per gram with the potential of orders increasing to 50kg per month depending on King Fild's availability of other genetics. The purchase order is conditional on a certificate of analysis being issued by a state owned North Macedonian laboratory confirming that the product meets, among others, the potency requirements of the purchaser. The certificate of analysis is expected by the end of the month.
Further orders by other purchasers are expected this month.
HUI exercised its option to acquire 49% of Ohrid Organics on 29 December 2023.
Aleksandra Binkowska, CEO of HUI, commented: "I am delighted with Ohrid Organics' first harvest, the interest received to date for the medicinal cannabis flowers and King Fild's first purchase order with a UK distributor. Ohrid's business plan anticipates building strong relationships with different distributors in various jurisdictions. Ohrid's success will contribute to the roll out of the first waste plastic to hydrogen facility which has always been and remains my sole focus."
For more information:
Ohrid Organics
www.ohridorganics.com