Hydrogen Utopia International CEO provides update on Ohrid Organics acquisition; future plans

Hydrogen Utopia International PLC (LSE:HUI, OTCQB:HUIPF) CEO Aleksandra Binkowska joined Proactive's Stephen Gunnion following the company's AGM held at Ohrid Organics in North Macedonia. Binkowska shared her excitement about the unique AGM location and the successful turnout, highlighting the significance of the medical cannabis tour. She also discussed Hydrogen Utopia's decision to proceed with the acquisition of a 49% stake in Ohrid Organics, emphasising the immense potential of the medical cannabis market, especially with the increasing demand in Europe.
Binkowska detailed how the revenue from medical cannabis would fund the company's plans to build a plastic-to-hydrogen facility, potentially starting in North Macedonia due to favourable government support. She also touched on the decision to change auditors to RPG Crouch Chapman.
A significant point of discussion was the company's halted transaction with Essential Energy, with Binkowska noting the learning experience gained from the process. Looking ahead, she expressed optimism about the growing interest from European countries in tackling plastic waste and advancing hydrogen production.
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