South African Cannabis Company Receives Investment from US — South Africa’s Cannabis Holdings Group Labat Africa Limited has listed on the Frankfurt stock exchange after Germany’s almost-certain cannabis legalization and has secured funding from California-based GR Global Ventures (GRGV). GRGV has committed to invest an amount of up to ZAR300 million (20 million USD) over the next three years in cash for equity in exchange for new ordinary shares in Labat Africa.
Labat Healthcare Group Executive, Herschel Maasdorp, said: “This bolsters Labat’s position on a global scale, and puts drive behind our strategy, which is intended to support the commercialization of the company’s cannabis focus. The funding enables the company, whilst it continues to maintain focus on strict cost controls, to tailor the timing and size of each capital call to support its ongoing research through clinical trials, its growth, customer engagements, operating costs, and planned manufacturing as well as the export of medicinal cannabis into the European Market, whilst safeguarding shareholder value. We expect that the funding will enable the business to successfully navigate tough South African trading conditions and secure a prime spot for the business in the growing cannabis sector.”
“We are pleased to have a very high caliber and sector-focused USA-based institutional investment group as one of our key stakeholders. As Labat Africa comes to market in both Healthcare and Wellness with a Cannabis focus, a partner such as GRGV is a key component to supporting our winning efforts especially now that we are participating in Europe’s largest cannabis market,” concludes Brian Van Rooyen, Labat Africa Chief Executive Officer.
For more information:
Labat Africa
www.labat.co.za
South African Cannabis Company Receives Investment from US
About Cannin: Your Cannabis Stocks Resource
78% of Cannin’s fundamentals prove true within 30 days or less on 100+ recommendations over the past 2 years.
Cannin is your #1 trusted resource for cannabis stocks. Our global team of experts evaluates all emerging cannabis stock investing opportunities. In fact, we aggregate hundreds of hours of financial research and provide tips on the best cannabis stocks for 2021.
Use Cannin as your resource for:
Market analysts expect the marijuana and hemp industry will have an annual value exceeding $75 Billion in the next decade. Is it too late to invest in marijuana stocks? No! This is the perfect time to invest.
Are you looking to buy stock in hemp companies or marijuana companies for 2021? If so, are you interested in new penny hemp stock companies? Or, looking for the best Canadian cannabis stocks to invest in? Maybe, you’re looking to leverage the power of algorithmic stock trading to beat the cannabis market? We can help.
Are you interested in cannabis stocks like Curaleaf, Trulieve, Aurora Cannabis, Charlotte’s Web, Canopy Growth, or Hemp Inc.?
Predict price movements of cannabis stocks several hours in advance with our proprietary algorithmic stock trading software.
- +30% Gains in 2020
- +49.8% Gains in 2019
- Backtested since 2012
In fact, we’re so confident you’ll love our algotrading cannabis stock signals, we’re willing to give you a one week risk-free trial to see it for yourself.
Profit from the best cannabis stocks – we’ll show you how at cannin.com.
