South African Medical Cannabis Producer Has A Tonne Of 26% THC Cannabis Ready For Australian Market

South African Medical Cannabis Producer Has A Tonne Of 26% THC Cannabis Ready For Australian Market
CANNANNEW REPORT

Eastern Cape cannabis producer, Sweetwaters, has produced a ton of 26% THC flower to be exported to an Australian pharmaceutical client.  This was announced on the JSE’s SENS news service on 26 May 2022 by Labat Africa, which bought 80% of Sweetwaters earlier this year for R10 m. “Shareholders are advised that Labat has made excellent progress with regard to the upgrade of its SAHPRA-approved medicinal cannabis cultivation facility in Kenton-on-Sea, (known as Sweetwaters) which is already showing excellent results in return”. Labat took over operational management of the cultivation facility on 1 March 2022 and made several key staff appointments, overhauled operational procedures and put in a support team of “highly skilled breeders, growers and researchers”. The news will come as a relief to shareholders as Labat parted ways earlier this year with its initial SAHPRA-licensed cultivation partner, Leaf Botanicals in the Northern Cape. “Since the upgrades to the cultivation facilities under the leadership of a specialist team, the Company is pleased to announce its first harvest of 1.2 tons in wet weight product with a yield of 100kg in dry weight” said the company. “Sweetwaters has an offtake agreement in place with an Australian pharmaceutical client and Labat has now facilitated the export of the current yield to the Queensland-based buyer”.   Labat says international buyers very interested in South African flower Labat previously announced that it had secured offtake agreements with buyers in Europe, specifically Switzerland and Germany, as well as Australia, for the supply of cannabis products. It says that since its dual listing in Frankfurt in December 2021 it has regularly been approached by brokers and international buyers of cannabis flower, for the supply of medicinal grade THC flower from South Africa. The company said that “as per the standard Sweetwater operating procedure, and in compliance to the SAHPRA…

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Source : South African Medical Cannabis Producer Has A Tonne Of 26% THC Cannabis Ready For Australian Market

reposted by Cannabis News World

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