Investment holding company Labat Africa, which is seeking to entrench its presence in the cannabis market, has entered into negotiations to acquire a cannabis cultivation operation in the Eastern Cape.

Labat said it had been given a 60-day exclusivity period to conclude a due diligence investigation on the proposed acquisition, which is licensed by the SA Health Products Regulatory Authority (Sahpra)...

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