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Labat Africa makes moves in the growing cannabis economy By BR Reporter Share JSE-listed, Labat Africa Ltd is making moves to become a major player in the cannabis economy. The company has acquired a 75% stake in Leaf Botanicals Pty Ltd, a cannabis growing and cultivation facility and one of the first companies in South Africa to be issued with a cultivation and export license. Labat Africa also recently announced that it has an agreement with global hemp and Cannabidiol (CBD) smokable brand, Ace and Axl. In a statement, Labat CEO Brian van Rooyen said these latest business moves would make the company shift to a healthcare business that encompasses the entire cannabis value chain.

South africaUnited statesNorthern capeBrian van rooyenLabat africaVan rooyenLeaf botanicals pty ltdEuropean unionAfrican health products regulatory authorityLabat africa ltdWorld health organisation good agriculturalGenetics africa cannabis enterprisesLeaf botanicalsCarpe diemWorld health organisationGood agricultural