DDI set up an offshore company HDD for the purpose of merging his assets (50,000 Mu of land with full permission to build a retirement/resort community, farm and process agricultural products and mostly recently a permit to grow industrial hemp for medical CBD extraction.
HDD has officially taken control of KMT Hansa (KMC.H) listed on Toronto Stock Exchange. Our control block of shares represents absolute control (51% of total share capital).
It is decided to speed up the take over process by acquiring the 51% control block for one of our 2 core business directives has been met. Our parent company DDI (Hainan) has been granted a industrial hemp license to grow hemp on our land.