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Iofina PLC

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Could be interesting, this chemicals company is apparently moving into cannabis oil with a view to breaking down the oil into constituent parts to be used as additives to beer and soft drinks for the US market, I'm presuming that's as a pain control product? This is just mutterings on twitter, can't find anything official though they are raising money for a new production facility.

https://www.proactiveinvestors.co.uk/companies/news/220584/iofina-to-raise-up-to-75mln-to-pay-off-debt-and-expedite-construction-of-new-production-facility-220584.html

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Lost track of this one but making progress with it's expansion into cannabis oil products, 'Iofina PLC to move into production of CBD oil after Kentucky approves hemp licence'.

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Cannabis stocks seem to swing to violent highs and lows right now, and the cannabis index is really underperforming.  If you like 'trading volatility' then it might be right for you otherwise ... stay away!

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15 minutes ago, dmedin said:

Cannabis stocks seem to swing to violent highs and lows right now, and the cannabis index is really underperforming.  If you like 'trading volatility' then it might be right for you otherwise ... stay away!

It's a chemicals lab processing company rather than just another grower so distillates the components of the plant to be added to other products, so there may well be a large niche for it to slot into in the greater scheme of things as the list of uses grows.

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3 minutes ago, Caseynotes said:

It's a chemicals lab processing company rather than just another grower so distillates the components of the plant to be added to other products, so there may well be a large niche for it to slot into in the greater scheme of things as the list of uses grows.

I'll add it to my list to watch, thanks 👍😊

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Update from Iofina

Iofina Plc @iofinaplc

The Group is pleased to report that it has completed terms to begin construction of the Company's newest #iodine plant, IO#8, in western #Oklahoma. 

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