SA firm aims high in budding cannabis industry with R300m investment from a US company | Fin24

JSE-listed industrial cannabis investment business Labat Africa has announced that it has scored a R300m investment from a US company. | Fin24

JSE-listed industrial cannabis investment business Labat Africa has announced that it has scored a R300-million investment from US company GR Global Ventures .

The black-owned cannabis holding group said its initial capital raising process was severely impacted by the Covid-19 pandemic "We are excited that we are now able to access international cannabis investors and markets with the FSE listing. It also allows international investors an opportunity to enter the lucrative South African market," Van Rooyen said.

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