Investment group Labat Africa, which is venturing into the cannabis market, said on Thursday it had agreed to buy a business that offers training and education for cannabis production for R15m.

Labat Africa will acquire a 70% interest in a business to be known as CannAfrica for a consideration of R15m, to be settled through the issue of 15-million ordinary Labat Africa shares, at an issue price of R1 per share...

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