Hydrogen Utopia International PLC Advances in Cannabis Operation with Eyes on European Market

Hydrogen Utopia International PLC (LSE:HUI, OTCQB:HUIPF) has made significant strides in its cannabis operation in Macedonia, with CEO Aleksandra Binkowska detailing the company's progress. The operation, through its 49% option in Ohrid Organics, has completed two successful harvests, benefiting from high-tech enhancements and the natural advantages of the location. These advancements, including an advanced drying system, are pivotal in achieving high-quality cannabis products.

The company is currently awaiting laboratory results to confirm product quality, a critical step for obtaining necessary governmental approvals for sales. Additionally, preparations are underway for EU GMP certification audits. Achieving this certification would not only facilitate entry into the European market but also allow the company to command higher price points for its products.

Binkowska highlighted the financial success of Ohrid Organics, projecting that its earnings could fund Hydrogen Utopia's inaugural waste plastics hydrogen facility. This strategic move underscores the potential of the cannabis sector to finance innovative environmental projects without the need for additional capital raising. The supportive stance of the Macedonian government towards the company's initiatives in both the cannabis and hydrogen sectors was also noted, emphasizing the collaborative effort to advance these industries.