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Iofina PLC's Tom Becker updates on Organic Vines investment and IO#8 construction

Iofina PLC's (LON:IOF) Tom Becker speaks to Proactive London's Andrew Scott soon after announcing their investment in Organic Vines - a hemp seed production and genetics firm.

Becker says they're anticipating to turn a profit of US$1.8mln by mid-2020.

He also updates on the construction of IO#8 which is expected to contribute to group production in the first half of next year.

Quick facts: Iofina PLC

Price: 12.225 GBX

LSE:IOF
Market: LSE
Market Cap: £23.45 m
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Morning Report: Iofina expecting record year-end production

Headlines from the Proactive UK newsroom. Iofina (LON:IOF) expects the iodine price will continue to rise in 2020 after a 20% rise in 2019. Production of iodine over the year will also likely be a record said the extraction specialist with a fifth plant expected to come onstream in Oklahoma...

on 20/12/19

2 min read