StockMarketWire.com - 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



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