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Goodleaf merges with Highlands Investments to create R650m cannabis company
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In yet another huge dagga deal, major SA cannabis companies ink a R650 million merger Jun 03, 2021, 02:39 PM
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Goodleaf, which opened South Africa s first legal commercial cannabis store in 2019, is merging with a Lesotho-based grower.
The deal, said to be worth around R650 million, is aimed at expanding Goodleaf s export market.
This latest deal follows a flurry of developments in South Africa s cannabis sector, with government readying a master plan and a JSE-listed firm investing in plants and smokables .
For more stories go to www.BusinessInsider.co.za.
One of South Africa s first commercial cannabis brands, Goodleaf, has merged with Highlands Investments in a deal they value at approximately R650 million. The newly-announced partnership follows several high-profile developments in South Africa s cannabis industry, with neighbouring Lesotho playing a vital role.
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