MMJ Group Holdings Limited (ASX: MMJ) ("MMJ") is pleased to announce that it has committed to invest AUD1 million of ordinary equity for a 10% ownership interest in Trichomia Pty Limited (“Trichomia”), the owner of the “Hemple” and “Soul Seed” hemp foods brands. Settlement of MMJ’s subscription is subject to Trichomia satisfying some conditions precedent regarding it’s ownership structure. MMJ investment is expected to be settled by 8 April 2019.
Hemple is ranged in health food stores nationally including Healthy Life and Flannerys, while Soul Seed is ranged in selected Coles Supermarkets and IGA. Trichomia’s investor presentation is
attached.
For more information, download the attached PDF.
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