Organic Flower (CSE: SOW) (OTC: QILFF) (FWB: 2K6) recently announced its entry into a letter of intent to acquire up to a 13% equity interest in a U.S.-based company, which owns certain hydrogen assets with global applications. According to the update, the purchase price is CA$4,500,000 payable in cash. Under the terms of the arms-length acquisition, Organic Flower also has an option to increase its ownership to 90% of the assets, primarily consisting of small footprint, environmentally friendly IP for the modularized and lowest-tier production cost of hydrogen. Having successfully distributed its interest in AgraFlora Organics International Inc. to its shareholders, Organic Flower continues to be opportunistic in evaluating opportunities across all sectors, as an investor and operator, minority shareholder or sole shareholder. The company has renewed its previously disclosed investment policy (available for review on the company’ s website) to include the renewable energy sector as a potential continuing area of focus. Organic Flower now has nine investments in a variety of sectors having successfully held CA$120 million in investments during the past fiscal year and returned capital to its holders through the distribution of its AgraFlora interest.
To view the full press release, visit https://ibn.fm/JESSu
About Organic Flower Investments Group Inc.
Organic Flower is an investment company that specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the investment mandate is focused on high return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in our investments. For more information, visit www.SOWInvestments.ca.
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