Published on: October 31, 2023
Innovative funding model for hydrogen tech
The intended acquisition of a stake in Ohrid Organics Limited (Ohrid Organics), a UK holding company of a North Macedonian subsidiary producing medicinal cannabis, provides Hydrogen Utopia International (HUI) with a potential innovative source of financing without having to resort to a dilutive share issue. The initial indications are that Ohrid Organics has a high-quality product that is attracting significant interest. The cash flows from Ohrid Organics should facilitate the development and application of HUI’s pioneering waste plastic to hydrogen technology. In this report, we recap on HUI’s technology and progress towards its first plant, describe the funding plans and cover recent management changes.