Labat Africa: Money from marijuana — if the plans work out
Labat will need to deliver on some ambitious profit projections in the medium term, and finish off its capital raising exercise
The tacit legal nods given for the production and use of cannabis are gradually giving steam to companies venturing into this rapidly growing industry, even though the regulatory environment remains stringent.
One company making significant inroads in the business of marijuana is investment holding firm Labat Africa, which last year became the first listed company in the continent to have links with the emerging cannabis market...
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