Highlands Natural Resources makes rapid progress with new CBD operation

 

  • Originally oil and gas, company has recently moved into the CBD business through its Zoetic subsidiary

  • Company still has shale gas interest in wells in East Denver

  • There is also a helium producing operation

  • At 12.50p, Highlands’ market cap stands at £17mln.

 

How is it doing

Highlands Natural Resources Plc (LON:HNR) has undertaken a major shift in direction in recent months.

Originally an oil and gas group with wells in Colorado, in March Highlands got into the CBD business via the new Zoetic Organics subsidiary.

The company recently secured its first retail distribution and sales agreement, to supply products via Schrader Oil’s chain of eighteen convenience and gas stores.

At the same time, it is also selling direct to customers online and developing a seed distribution business.

“The progress made by Zoetic since we established this operation less than two months ago has been excellent,” said Robert Price, Highlands executive chairman.

Zoetic is presently planting outdoors, with the team

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