CANNABIS INDUSTRY BREAKING NEWS Labat Expects “Third Party Financial Assistance” as It Reports Diminishing Losses for F2024 Labat Africa will post a 3,7 cents headline loss per share for the year ending May Cannabiz Africa 4 December 2024 at 15:00:00 Labat Africa says it’s not in trouble even though its shares On 2 December 2024, Labat’s board issued a trading statement on the JSE’s SENS advising shareholders Labat said the latest figures had not been reviewed or reported yet by its external auditors.

CANNABIS INDUSTRY BREAKING NEWS Labat Set to Buy Jordyn Murcia’s Green Smoke Room Murcia confirms due diligence underway as JSE-listed Labat increases its interest in cannabis genetics. Brett Hilton-Barber 12 August 2022 at 07:00:00 Labat Africa is currently doing a due diligence on Jordyn was confirmed to Cannabiz Africa on 11 August 2022 by Murcia after this was initially disclosed by Labat ” and that Labat will assist in this regard.

CANNABIS INDUSTRY BREAKING NEWS Labat Continues to Bleed; Battles with SARS, But Confident of Cannabis Strategy Going Forward Labat drops R25 m in 6 months to February 2022, roadshow to raise more money , the proceeds of which will be to expand Labat’s Eastern Cape operations. According to the February 2022 financials, Labat’s shares were valued at 18 cents. Labat believes it is owed R17 m by the Receiver. .

CANNABIS INDUSTRY BREAKING NEWS Labat Fires New Auditors Due to ‘Steady Breakdown’ in Relationship Labat Cannabiz Africa 17 January 2024 at 10:00:00 Labat issued a cautionary notice to shareholders on 9 January Nolands was appointed by Labat’s audit and risk committee in May last year. The idea behind the Nolands’ appointment was that Labat would have a single audit firm for the entire Labat retains its dual listing on the Frankfort Stock Exchange, but it’s become clear that investors

CANNABIS INDUSTRY BREAKING NEWS JSE Warns Labat Once Again Over Late Financials JSE says listing may be suspended if Labat does not produce a provisional financial report by Friday, 30 September 2022. Cannabiz Africa 26 September 2022 at 08:00:00 JSE-listed cannabis company Labat has been warned by the The JSE put out a SENS statement on 15 September 2022 alerting shareholders that Labat had “failed to This is the third time in the last two years that Labat has missed its financial deadlines.

CANNABIS INDUSTRY BREAKING NEWS JSE Suspends Labat For Late Financials The first cannabis company to 2023 at 09:00:00 The Johannesburg Stock Exchange has suspended the listing of cannabis-focused company Labat Labat shares were trading at 0,07 cents before the suspension, down from the 1.2 cents/share offered to minority partner Herschel Maasdorp in order for Labat to own 100% of Cannafrica. The JSE warned Labat earlier this month over its late financials.

CANNABIS INDUSTRY BREAKING NEWS Labat Launches Highly Creative Consulting to Assist African Governments with Cannabis Legalization Labat Africa has set up Highly Creative Consulting which will specialize And Labat Healthcare’s Herschell Maasdorp has warned South African producers to avoid the wine industry Cannabiz Africa 8 June 2023 at 15:00:00 Labat Africa was the first cannabis company to be listed on the Labat Healthcare director for business development, Herschel Maasdorp, says changing legislation meant

CANNABIS INDUSTRY BREAKING NEWS JSE Warns Labat to Submit Annual Financials Or Else! The JSE says Labat has until end-October 2022 to submit its latest annual report or its listing may be Cannabiz Africa 6 October 2022 at 04:00:00 The JSE says it is advising shareholders that Labat has failed Cannabiz Africa understands that Labat is struggling to consolidate its financials after nine months Backed South Africa’s first ethically-certified cannabis trials via subsidiary Biodata; The JSE says Labat

CANNABIS INDUSTRY BREAKING NEWS The Phakisa is the Light at the End of the Tunnel says Labat’s Van Rooyen Labat Africa CEO Brian van Rooyen says The Phakisa has created a new momentum in the South African cannabis Cannabiz Africa 11 August 2023 at 13:30:00 Labat Africa CEO Brian van Rooyen has weathered a few storms “So, it makes it very difficult, but it puts Labat in a much better position because Labat has received Labat now owns 100% of CannAfrica”.

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CANNABIS INDUSTRY BREAKING NEWS Labat Says Delayed Financials Are Because New Auditors Are Reviewing Asset Valuations Labat Africa has issued a cautionary notice saying the outstanding submission of of Cannabiz Africa 10 November 2023 at 07:00:00 Labat issued a cautionary statement on 31 October 2023 explaining

Labat Africa, South Africa’s most mainstream cannabis company has been facing headwinds with changes Odds: 70% # PREVIOUS NEXT Labat’s Finance Director Resigns In Board Reshuffle comments debug Comments