HUI to take major stake in medicinal cannabis producer with hydrogen plans for North Macedonia

Hydrogen Utopia International (HUI) has agreed to buy a 49% stake in a medicinal cannabis producer with plans to establish a waste plastic-to-hydrogen plant next door to its North Macedonian facility.

HUI has said that it will advance a £500,000 ($634,000) loan to Carbon Capture and Sequestration (CCS) Ltd and enter into an Option Agreement to acquire a 49% stake in CCS in return for the issue of 49 million new HUI shares.

London-headquartered CCS Ltd operates a cannabis facility through a subsidiary in North Macedonia.

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