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Lesotho’s cannabis fortunes may be changing for the better after leading cultivator MG Health secured new interest from international investors. CEO Andre Bothma says product purity is the key to meeting rapidy growing international demand.
7 May 2023 at 08:00:00
Cannabiz Africa
Leading Lesotho cultivator MG Health plans to triple its output after successfully raising US$18 million from international investors. This will add renewed confidence to Lesotho, which lost its early mover advantage in African cannabis and the new investment may help put the Mountain Kingdom back on the global map.
MG Health’s CEO, Andre Bothma said on 2 May 2023 that the funding was secured after the company began distributing into key developed markets in 2021.