Canadian-listed Halo Labs has agreed to buy  Lesotho-based medicinal cannabis producer Bophelo Bioscience & Wellness for about $18.4m (R262m) as it looks to expand into global markets. 

“The transaction is expected to strengthen the company’s position in Lesotho, a country quickly becoming the continent’s export gateway to the global cannabis market,” said Halo, a cannabis company listed on Toronto’s NEO Exchange.

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