Labat Closes the Door on Cannabis; Sells CannAfrica and Other Non-Core Assets for R23 Million
Labat Africa has called it quits on the cannabis front and has sold Cannafrica and all its cannabis assets for R23 million to 64P Investments. After years of burning cash in trying to turn its first mover advantage into an empire, the JSE listed group announced yesterday that the sale was a done deal and that its future lay in the AI, data and tech investment sector.