Last Minute Switch of Buyers for Labat’s Cannabis Assets, New Deal Won’t Need Shareholder Approval.

Labat says Brian van Rooyen’s All Trading Propriety has withdrawn its offer for the group’s cannabis assets and that a revised offer has been accepted from 64P Investments for R10 million. In terms of the deal, Labat will not require shareholder approval for the sale as 64P is not deemed to be a ‘related party’