Zoetic International PLC

Highlands Natural Resources raises £525K to support Zoetic cannabis business

Highlands Resources raised £525,000 through the subscription of shares and exercise of warrants

Highlands launched its Zoetic Organics subsidiary earlier this year

Highlands Natural Resources PLC (LON:HNR) said the owners of the Schrader Oil Co. convenience store chain have invested £100,000 in the business as part of a deal to stock its cannabidiol (CBD) products.

The Schrader family has subscribed to 1mln new ordinary shares in Highlands at a price of 10p each.

Schrader Oil stores will stock CBD products from Highlands’ cannabis business Zoetic Organics. It is the first retail distribution and sales agreement Highlands has secured for Zoetic.

Separately, Highlands has also raised £425,000 through the exercise of 5mln warrants that were awarded to the management of Zoetic at the time the business was formed earlier this year. The warrants were due to expire at the end of June.

The company said the resulting new shares have been placed with new investors by Turner Pope Investments Ltd.

An application will be made for an additional 6,000,000 ordinary shares in the company to be admitted to trading on the main market of the London Stock Exchange. Admission is expected to take place on June 12.  

Quick facts: Zoetic International PLC

Price: 7.05 GBX

Market: LSE
Market Cap: £10.51 m


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Zoetic International PLC named herein, including the promotion by the Company of Zoetic International PLC in any Content on the Site, the...



Investor Update: Zoetic reports 'significant' first half as CBD shift continues

Headlines from the Proactive UK newsroom. Zoetic International plc (LON:ZOE) reported higher revenues in its first half as the company continued its pivot towards the cannabidiol (CBD) markets. In a trading update the firm posted revenues of £1.15mln in the six months to the end of September,...

on 4/10/19


Result of General Meeting

1 week, 5 days ago

Trading Update

2 weeks, 1 day ago

Issue of Equity

3 weeks, 5 days ago

Second Price Monitoring Extn

3 weeks, 6 days ago

Price Monitoring Extension

3 weeks, 6 days ago

Listing on the OTC

4 weeks, 1 day ago

Issue of Equity

on 8/11/19

2 min read