Investment holding company Labat Africa, which is seeking to entrench its presence in the cannabis market, plans to raise capital for the expansion of its medical cannabis business, it said on Tuesday. 

Labat, which in 2019 became the first listed company in Africa to venture into cannabis, is strengthening its foothold in the industry estimated to be worth R27bn...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now