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.
26 September 2022 at 08:00:00
JSE-listed cannabis company Labat has been warned by the JSE to produce a provisional financial report by the end of this week – or it may be suspended.
The JSE put out a SENS statement on 15 September 2022 alerting shareholders that Labat had “failed to submit its provisional report within the three month period stipulated in the JSE’s listing requirements” and gave it two weeks to correct the situation.
“Accordingly, the company’s listing on the JSE trading system has been annotated with a "RE" to indicate that the company has failed to submit its provisional report timeously and that the listing of the company’s securities is under threat of suspension and possible removal.
This is the third time in the last two years that Labat has missed its financial deadlines. The group posted an operating loss of R24,9 million in unaudited results for the six months ending in February 2022.
Presidency’s Latest Assurances: Special Finance Team Urgently Finalizing a Funding Framework for Cannabis and Hemp Industries
President Cyril Ramaphosa tells the National Council of Provinces that a high level finance team is "urgently finalizing" a public/private sector cannabis funding scheme that will assist legacy growers.
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.
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