- Australian Primary Hemp (APH) shares are in a trading halt as the company prepares to release formal ASX announcements
- The Australian-based company indicated the halt relates to both a capital raise and the signing of a new material contract
- The trading halt is set to be lifted on or before January 20, when formal announcements are made regarding the developments
- Prior to the trading halt announcement, APH shares traded at 38 cents each
Australian Primary Hemp (APH) shares are in a trading halt as the company prepares to release formal ASX announcements.
The Australian-based company indicated the halt relates to both a capital raise and the signing of a new material contract.
At present, the APH has not disclosed details of the contract or the capital raise but has said formal announcements are set to be made on or before January 20 when the trading halt is lifted.
The company predominantly offers hemp-based food products such as hemp flours, proteins and oils.
In most recent news, the company’s Mt Elephant branded hemp snack bar is set to enter 7-Eleven stores in March this year, potentially exposing the brand to a significant customer based.
The hemp producer and distributor also began selling hand sanitiser and masks in response to environmental concerns over the impact of traditional masks.
Prior to the trading halt announcement, APH shares traded at 38 cents each.