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.
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.investorwire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.