Printer Friendly

NYSK holding of USA to produce cannabis oil in OHIS.

A plant to manufacture cannabis oil for medical purposes was opened on the ground of the former factory OHIS. It is a Brownfield investment of NYSK Holding, a company from the USA. Over a period of five years, between three and five million dollars will be invested. NYSK Holding already invested half a million euros in renovating a facility of 2,000 sq. meters and has created 15 full-time jobs. It plans to hire 50 people by the end of 2017 and 200 over the next five years.

"Only several nations in the world have the legal right to raise and export medical cannabis.

Macedonia is now one of them, which makes us a new destination for this fast-growing industry," said Jerry Naumoff, Minister for Foreign Investments.

John Montgomery, a medical cannabis investor and expert, said they would supply the market with the best medical cannabis.

COPYRIGHT 2017 Macedonian Information Centre
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:BUSINESS NEWS
Publication:INFOMAC Daily News Service
Date:Apr 12, 2017
Previous Article:Italians offering technology to process Macedonia's marble.
Next Article:Garrett: debate in parliament undermines its credibility.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters