top of page
SA Landraces with Cannabis Plants. and species-min.png

CANNABIS INDUSTRY 

BREAKING  NEWS

Cilo Cybin Holdings Hopes to Raise at Least R500 m Through JSE Listing

Cilo Cybin Holdings Hopes to Raise at Least R500 m Through JSE Listing

Founder Gabriel Theron says cash raised through the IPO will be used to purchase and upgrade Cilo Cybin Pharmaceuticals’ Centurion cannabis facility and to invest in health and wellness solutions that boost longevity and the quality of life.

Cannabiz Africa/Denene Erasmus Business Day

27 September 2022 at 12:00:00

Cannabis entrepreneur Gabriel Theron says the uptake in shares in Cilo Cybin Holdings has been ‘encouraging’ and he hopes to raise between R500 million and R2 billion before the IPO ends on 4 November 2022.


Theron told Business Day's Denene Erasmus on 26 September 2022 that Cilo Cybin has started speaking to institutional investors but are first focusing on “retail clients”.


The shares are being offered to the public from a starting amount of R1,000 for 1,000 shares. Cilo Cybin’s prospectus says it seeks to place itself in the market of health and wellness solutions by combining “biohacking, biotech and pharmaceutical” information.


By listing as a CCH as a SPAC, all the money raised through the IPO may only be used for the acquisition or merger of assets, and these must be finalised within 24 months of the IPO.


The SPAC’s first acquisition will be Cilo Cybin Pharmaceuticals’ (CCP)  the SAHPRA-licensed manufacturing facility in Centurion, that Theron says has the capacity to produce about R150m worth of cannabis and vaping products a month.


Funds raised from investors IPO  will be used to upgrade and expand the facility and ensure EU accreditation. Theron says the current capacity for extracts of about 10 kg of oil a month will be raised to 150 kg.


The business has a collaboration agreement with the Vaal University of Technology for research & development in exchange for royalties.


Between 2023 and 2026 the business also plans to invest in an analytical laboratory for cannabis and psychedelic testing and in expanding its distribution and retail channels.


Theron, a former CEO of state-owned forestry company SAFCOL, started Cilo Cybin Pharmaceutical (CCP) in 2018, and since the beginning of 2022 the company has been marketing its own branded medical cannabis, vaping and supplementary health products. It was one of the first companies in South Africa to get SAHPRA licensing to grow, process, package, label and sell medical cannabis and its products.


The existing product range includes non-psychoactive CBD cannabis products, which retail through various channels, and high-THC products specially for patients suffering from chronic pain or other negative reactions caused by cancer treatments.


The company also offers third-party manufacturing and packaging services to the budding SA cannabis industry.

#

The Institute for Economic Justice has recommended that adult-use consumption of cannabis be legalized in South Africa in a regulated way and has Cosatu's backing.

Labour Throws Its Weight Behind Regulated Legalization of Cannabis in SA

The Institute for Economic Justice has recommended that adult-use consumption of cannabis be legalized in South Africa in a regulated way and has Cosatu's backing.

Unless Government comes up with a plan to protect South Africa's legacy cannabis growers, they will be sidelined for sure by cannabis reform in its current incarnation.

Rise of Sophisticated Illegal Cannabis Grow Ops and Government Policy Vacuum Push Legacy Growers into Poverty

Unless Government comes up with a plan to protect South Africa's legacy cannabis growers, they will be sidelined for sure by cannabis reform in its current incarnation.

President says legacy growers will not be excluded from cannabis reform and that Government is moving urgently to create a new regulatory environment.

SONA: The President's Got the Plot, Positive Indications He Will Deliver on Cannabis Reform

President says legacy growers will not be excluded from cannabis reform and that Government is moving urgently to create a new regulatory environment.

5.cannabiz-africa Hemp -min.png

Cannabis in South Africa: The People’s Plant

We are a civil society organisation with the interests of the existing Cannabis industry and the Human Rights of ALL citizens at heart.

WE’RE BRINGING A NEW STANDARD

We are more than just a cannabis retail company. We are about a lifestyle that promotes vitality, balance & good health.

Resources & Equipment

Explore cannabis growing equipment for growing weed at home. 

Whether you’re just starting out, or you’re looking to enhance your outdoor or indoor weed grow setup – we have the perfect range of cannabis growing equipment to match your marijuana growing ambitions. 

Find everything from LED grow lights, grow tents, fans, and hydroponic setups, to environmental equipment and controls, harvesting accessories, extraction equipment and plenty more. 

Design your ideal cannabis growing setup with high quality growing equipment available in South Africa. 

Explore cannabis growing equipment we’ve curated from reliable online suppliers in South Africa

bottom of page