The Australian Securities Exchange ("ASX") has just announced that shares of The Hydroponics Company (ASX:THC) have been halted at the request of the company due to pending news.

The Hydroponics Company intends to make a major announcement regarding the Medicinal Cannabis Research License that was issued to the company's wholly owned subsidary, Canndeo.

Shares of The Hydroponics Company are set to resume trading upon the release of the announcement but no later than the market open on Tuesday, July 11th.

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Now Read: What does it mean when a stock is halted?

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