JSE-listed investment group Labat Africa is venturing into the booming cannibis industry after securing a trading licence in Lesotho and also purchasing two local companies that operate in that sector.

Labat is establishing a fully integrated cannabis business and aims to “occupy and service the entire value chain of the cannabis market”, it said. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.