Hydrogen Utopia International confident in demand surge for medical cannabis
London, UK
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November 08, 2023 09:11 AM Eastern Standard Time
Hydrogen Utopia International PLC (LSE:HUI, OTCQB:HUIPF) CEO Aleksandra Binkowska and Howard White, Executive Director of the same company and 100% owner of Ohrid Organics speak to Proactive's Thomas Warner about HUI's recent step into the medical cannabis sector through an investment in North Macedonia-focused grower Ohrid Organics.
Binkowska explains that her passion for establishing a waste plastic-to-hydrogen facility is behind the decision to partner with Ohrid Organics, emphasising the importance of HUI becoming financially self-sufficient. The shift in strategy is the result of slower than expected progress in garnering governmental grants and a reluctance to ask the market for fresh funding.
Howard White shares his journey as an established investor in waste-to-energy and gives an overview of developments at Ohrid Organics' King Field facility. He expresses confidence in the future of the site and says that he sees the liberalisation of medical cannabis legislation, particularly in conflict-afflicted areas as a potentially lucrative opportunity.
Ohrid Organics highlights on its website that North Macedonia has the lowest cost per gram for cannabis production in Europe.
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