21 October 2019
ANANDA DEVELOPMENTS PLC
(“Ananda” or the “Company”)
CORPORATE UDPATE - CANNABIS CULTIVATION AND LICENCE APPLICATION
The directors of Ananda are pleased to provide the following update to shareholders.
Application for Home Office licence to grow >0.2% THC cannabis
On 14 October 2019, DJT Plants Limited (“DJT Plants”) formally submitted its licence application, and supporting documents, to grow >0.2% THC cannabis to the Drugs and Firearms Licencing Unit (DFLU) of the Home Office. The submission contained all pertinent information regarding DJT Plants’ proposed growing operations in the UK.
The Company will update the market as to the progress of the application in due course.
DJT Plants is a wholly owned subsidiary of DJT Group Limited, a joint venture company owned as to 50% by Ananda (through its subsidiary Tiamat Agriculture Limited) and 50% by Anglia Salads Limited.
-Ends-
The Directors of the Company accept responsibility for the contents of this announcement.
ANANDA DEVELOPMENTS PLC
Chief Executive Officer
Melissa Sturgess
Investor Relations
Jeremy Sturgess-Smith |
+44 (0)7717 573 235
[email protected] |
PETERHOUSE CAPITAL LIMITED
Corporate Finance
Mark Anwyl
Corporate Broking
Lucy Williams
Duncan Vasey |
+44 (0)20 7469 0930 |
STANFORD CAPITAL PARTNERS LIMITED
Joint Corporate Broker
John Howes
Patrick Claridge |
+44 (0)20 3815 8880 |
CELICOURT COMMUNICATIONS
Mark Antelme
Ollie Mills |
+44 (0)20 8434 2643 |