Labat Africa has high hopes for cannabis arm as it issues upbeat profit guidance
Company releases 2021 and 2022 forecasts after backtracking due to Covid-19 effects
Investment-holding company Labat Africa has released an upbeat profit forecast after backtracking on its five-year guidance last month.
The company, which is repositioning itself to focus on the fast-growing cannabis industry, is pinning its hopes on its planned expansion into the market estimated to be as large as R27bn. ..