Cannabis is the New GameStop in Reddit Rebels ‘Get Shorty’ Frenzy

Reddit’s rogue traders responsible for driving video games group GameStop through the roof have now turned their attention to the cannabis sector, promising to send it to new highs.  Cannabis shares rallied after Reddit forum Wallstreetbets, posted on 9 February 2021 that Tilray and Aphria had significant upside in the war against big Wall Street […]

Johann Rupert Cannabis; Remgro Distell CBD Deal; Johann Rupert cannabis investment

Johann Rupert Cannabis Investment – Remgro’s Rupert Moves Quietly into SA CBD Market with Distell/Rethink Deal

One of South Africa’s wealthiest tycoons, Johann Rupert, has quietly moved into the cannabis industry by taking up indirect shares in South African CBD business Rethink. Remgro’s venture capital company Invenfin and Remgro-controlled alcohol giant Distell have each bought 20% of Rethink shares from its owner Releaf Pharmaceuticals for an undisclosed price. Johann Rupert cannabis […]

Chris Hart, Standard Bank, SA Cannabis Tax Break

Smart SA Cannabis Tax Break for Investors in New KZN Grow Op

Former Standard Bank economist Chris Hart has pioneered a new funding structure for SA cannabis investors and is putting it to the test in a community-driven grow-op in northern KwaZulu Natal.  Hart, chairman of Impact Investment Africa, has created a new share class through a highly tax-efficient structure for Ngoye View Agriculture which has applied […]

Canadian CBD South Africa

Indian Big Pharma’s Aussie Deal to Import Canadian CBD into South Africa

Australia’s Creso Pharma and Indian pharmaceutical group Lupin International are swiftly moving into the potentially lucrative southern African cannabis CBD market.  They’ve entered into a business relationship to move lozenges made from Canadian cannabis into South African chemists through Lupin’s 100% owned local subsidiary, Pharma Dynamics. Creso announced on 13 January 2021 that it had […]

Playboy cbd product

Playboy’s CBD range focuses on ‘biology behind orgasm’

Iconic mens’ magazine Playboy has launched a CBD range focusing on sexual pleasure and intimacy. The famed Playboy Enterprises Inc, says it seeks to narrow the pleasure gap between men and women with its new range, simply dubbed CBD by Playboy. The Los Angeles enterprise, founded by the late Hugh Hefner, has expanded its existing line […]

South Africa CBD Store, CannAfrica Logo, CannAfrica CBD store rollout in Cape Town, Labat

Cannafrica store rollout coverage

Cannafrica opens CBD outlet in Melrose Arch, Gauteng Cannafrica has opened its third CBD health and wellness store as part of a nationwide roll-out of cannabis outlets across the country.  The store is at the upmarket Melrose Arch shopping, business and residential complex in Johannesburg.   This follows the successful launch of Cannafrica franchises in […]

National Cannabis Master Plan;South Africa Cannabis License, SA Cannabis Personal Use Bill, SA Recreational Cannabis law, Legalize, Dagga News; SA Cannabis Tax 12J

Who’s actually got South African cannabis licenses? Full list here.

The South African Health Products Regulatory Authority has confirmed that 16 licenses for the cultivation and export of cannabis have been issued. To date All are for a five year period beginning at various dates in October 2020. Seven licenses have been issued to Gauteng growers, three to the Eastern Cape, two to the Western […]

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Biko steps into cannabis investment arena

Hlumelo Biko sets up cannabis investment fund South African investor Hlumelo Biko is to launch the Africa’s first medical-cannabis-focused private equity investment fund.  The son of black consciousness struggle icon Steve Biko told Radio 702 on 1 November 2020 that he was establishing the AfriCan Growth Fund 1, which would finance emerging South African cannabis […]

Cannsun wins R780 million Japanese export deal

Nutritional Holdings breaks ground in Japan with R780 million cannabidiol order

JSE-listed Nutritional Holdings has picked up a R780 million export order for CBD products for Japan. The Durban-based wellness group will be the first African company to enter the highly-regulated Japanese market. In a SENS announcement on 11 November 2020, the Durban-based company reported that it had a two year contract to supply cannabidiol products […]