Worth re-reading ....the july 18th NR regarding the JV for 60% interest in House of Hemp (S.A.). Some note-worthy info:
- only approved hemp/cannabis indoor growing site in South Africa - 405,000 sf
- located within the highly secure precinct of the Durban International Airport.
- opportunity to move towards production quickly as this facility exists and is already operational
- minimal capital costs going forward and plenty of scope to cheaply increase the growing footprint
- Dube TradePort Corp., a business entity of the KwaZulu-Natal provincial government (more details in NR)
At this point, this will be their flagship but Little Green Pharma has already planted first crop, Cresa is forging ahead and AAA will complete next week. A little lesson in business, you have to spend money to make money. The key is to spend it wisely and, so far, I for one am quite comfortable with their plan. Do your own DD and good luck. Keen