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

CANNABIS INDUSTRY 

BREAKING  NEWS

JSE Warns Labat Once Again Over Late Financials

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.

Cannabiz Africa

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.

The party says cannabis, like mineral resources, should be owned by the state and exploited for the benefit of the poor

EFF Calls for South African Cannabis Industry to be Nationalized

The party says cannabis, like mineral resources, should be owned by the state and exploited for the benefit of the poor

The President's Cannabis Consultant says the Plant will eventually be classified as an agricultural crop under DALRRD's regulation

Garth Strachan: Cannabis To Be an Agricultural Product That Could Contribute R6 B – R25 B to SA’s GDP.

The President's Cannabis Consultant says the Plant will eventually be classified as an agricultural crop under DALRRD's regulation

Only a handful of SAHPRA-accredited growers are actually exporting as the medicinal cannabis sector lags behind expectations

SA’s Medicinal Cannabis Sector in Trouble as ‘Grey’ Market Flourishes

Only a handful of SAHPRA-accredited growers are actually exporting as the medicinal cannabis sector lags behind expectations

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