Labat Africa enters cannabis market, secures trading licence in Lesotho

SOUTH AFRICA – South Africa’s investment group Labat Africa is set diversify into the booming multi-billion dollar cannabis industry. This is after it acquired a trading license to cultivate, manufacture, supply, hold, import, export and transit cannabis in the Kingdom of Lesotho. The company which has been operating for over 25 years as a technology and logistics holding company has also acquired two local companies to enhance its capacity to process cannabis. The two companies acquired by Labat Africa are Knuckle Genetics and Pac-con pharmaceuticals at a cost of US$270,000…

Read More