Ohrid Organics DOO moves into profitability in January 2025
Ohrid Organics DOO has to date sold and/or traded a total of €500k of product.
Ohrid Organics DOO is now back on track after what effectively became a year of R&D to refine genetics and growing methods. Under new management, the company has established a fully functional commercial facility producing high-quality, sun grown cannabis (supplemented by Fluence lighting) achieving initially approximately 150 kg per crop. Current sales range between €1,500–2,000/kg. The company anticipates higher pricing in the region of €2,500–3,000/kg as soon as GMP is obtained.
Five greenhouses are now in full operation, with a sixth being prepared for future production. Progress continues on the permitting and construction of an expanded post-harvest facility. Ohrid Organics DOO is currently seeking a £5 million fundraise to maintain momentum without impacting 2025 cash flow.
Howard White, Executive Director of HUI and shareholder and director of Ohrid Organics Ltd, commented: “With the addition of a new trading contract, Ohrid Organics DOO is seeing a notable boost in profits, enabling the company to repay its obligations to HUI. In the near term, it is projected that improved harvest yields will drive revenues up by one-third.”