FDA Clarifies on License Recalling, Stating No Changes in Importing Status of Corporates

The Food and Drug Administration (FDA) has made a clarification on the report of recalling the license for importing hemp seeds from Siam Herbal Tech Company Limited, a subsidiary of DOD Biotech Public Company Limited (DOD), and six other corporates, saying that the recall was to amend the attached details of the license for more clarification and would not affect the license holders in any ways.

FDA stated that the details for importing hemp seeds in each shipment must be reported to FDA in detail to prevent any leakage that could happen during the import process.

 

The share price of DOD made a sharp plunge by 4.35% at the open in the afternoon session, but starting to recover from the shock and traded at ฿15.00/share, decreased ฿0.20/share or 1.32% as of 15:58 local time in Thailand on March 19, 2021.

The share price of every listed company that signed an MOU with DOD earlier for research and production of hemp also made a sudden fall in the afternoon as well.

 

As of 15:58 local time in Thailand, JKN fell ฿0.20/share or 1.74% to trade at ฿11.30/share. DOD has signed an MOU with JKN Global Media Public Company Limited (JKN) to develop around 10 products of hemp-based supplementary foods and beverages, which will be sold online and promoted through channel 8.

 

CHAYO dropped ฿0.10/share or 0.8% to ฿12.10/share. DOD signed an MOU with Chayo Group Public Company Limited (CHAYO) as a supplier of hemp seeds and the developer of the dietary supplements containing hemp as an ingredient for distribution.

 

KISS slipped ฿0.10/share or 0.61% to ฿16.40/share. The signing with Rojukiss International Public Company Limited (KISS) was for research and development, as well as manufacturing products of dietary supplements skincare which contain hemp as an ingredient for KISS to sell in both domestics and international markets.

 

BEAUTY plunged ฿0.05/share or 2.67% to ฿1.82/share. The latest signing of DOD was with Beauty Community Public Company Limited (BEAUTY) for research and development, as well as manufacturing products of dietary supplements skincare which contains hemp as an ingredient for BEAUTY, to sell in both domestics and international markets.