Supreme Cannabis Enters to Fund Medigrow Lesotho with $10M Investment | CashCropToday
0 Shares 336 Views

Supreme Cannabis Enters to Fund Medigrow Lesotho with $10M Investment

March 21, 2018
336 Views

The Supreme Cannabis Company, Inc. (TSXV:FIRE), has announce today that the company has entered into a definitive agreement to fund Medigrow Lesotho with a strategic equity investment of C$10,000,000 in exchange for 10% ownership of the company.

 

Subject to international regulatory approval, Supreme Cannabis and Medigrow Lesotho have also entered into a long-term distribution partnership to offer high grade cannabis oils on a global scale.

Supreme Cannabis will look to the South African based operation in Lesotho to supply the company with extracted cannabis oils. Medigro is currently licensed to cultivate and manufacture cannabis and cannabis oil products in South Africa.

Supreme Cannabis currently operates one of the largest, legally operated, cannabis cultivation facilities in the world called 7ACRES. The 342,000 sq. ft. Hybrid Facility combines top of the line indoor grow equipment with sustainable greenhouse farms techniques to ensure high yields and quality.

 

You may be interested

Aphria Inc. to Expand into Latin America with Proposed $193M Stock Acquisition of LATAM Holdings
Market Watch
65 views
Market Watch
65 views

Aphria Inc. to Expand into Latin America with Proposed $193M Stock Acquisition of LATAM Holdings

Editor - July 17, 2018

Aphria Inc. (TSX: APH) (OTC: APHQF) announced this morning that the company has entered into a share purchase agreement with private company Scythian Biosciences, Inc. (TSXV: SCYB)…

Maricann Obtains Cannabis Manufacturing License in Malta
Market Watch
63 views
Market Watch
63 views

Maricann Obtains Cannabis Manufacturing License in Malta

Editor - July 17, 2018

The Maricann Group (CSE: MARI) (OTCQB:MRRCF), a publicly traded cannabis company with operations in Canada and Germany, announced this morning that their application to for a cannabis manufacturing…

CCT Featured Interview with Ralph Risch Phylos Chief Operating Officer
Tech
105 views
Tech
105 views

CCT Featured Interview with Ralph Risch Phylos Chief Operating Officer

Editor - July 17, 2018

Ralph Risch, COO, of Phylos is an experienced entrepreneur and business leader who has founded and successfully exited multiple companies in the high tech industry. He has…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: