CANNABIS INDUSTRY BREAKING NEWS Labat To Acquire IT Company for R16,75 million in a Paper Deal That Will Underwrite Group Liabilities JSE-listed Labat Africa is to acquire a 75,55% stake in IT company Classic Cannabiz Africa 23 November 2024 at 08:00:00 Labat Africa put out a statement on the JSE’s SENS news JSE by 30 November 2024 – and for the JSE to lift its suspension of trading in Labat shares. Labat says “The acquisition represents a significant step for Labat Technology, which has been actively

CANNABIS INDUSTRY BREAKING NEWS Labat Expects “Third Party Financial Assistance” as It Reports Diminishing Losses for F2024 Labat Africa will post a 3,7 cents headline loss per share for the year ending May Cannabiz Africa 4 December 2024 at 15:00:00 Labat Africa says it’s not in trouble even though its shares On 2 December 2024, Labat’s board issued a trading statement on the JSE’s SENS advising shareholders Labat said the latest figures had not been reviewed or reported yet by its external auditors.

CANNABIS INDUSTRY BREAKING NEWS Labat Seeks to Raise R74 Million From Current Shareholders Through New Rights Offer JSE-listed Labat Africa is seeking to raise additional capital by offering shareholders Cannabiz Africa 19 June 2023 at 12:00:00 Labat Africa advised shareholders on 14 June 2023 that it was The balance of the proceeds from the Rights Offer will be used by Labat to settle expenses related to If fully subscribed, Labat will raise a maximum of R74 677 505 in terms of the Rights Offer.”

CANNABIS INDUSTRY BREAKING NEWS Labat Set to Buy Jordyn Murcia’s Green Smoke Room Murcia confirms due diligence underway as JSE-listed Labat increases its interest in cannabis genetics. Brett Hilton-Barber 12 August 2022 at 07:00:00 Labat Africa is currently doing a due diligence on Jordyn was confirmed to Cannabiz Africa on 11 August 2022 by Murcia after this was initially disclosed by Labat ” and that Labat will assist in this regard.

CANNABIS INDUSTRY BREAKING NEWS Labat Appoints Advisory Board to Guide Its European Expansion Strategy JSE-listed Labat Africa already has a potentially strong foothold in Europe through its dual listing There’s been keen interest from European buyers for South African medical cannabis, and Labat, knowing Integrated cannabis business Labat Africa has announced a 15-person advisory board to offer give scientific , technical and clinical guidance to its subsidiary Labat Healthcare in its ambitious bid to penetrate

CANNABIS INDUSTRY BREAKING NEWS Sweetwaters the Core of Labat’s New Strategy as Group Unveils Plans to Set Up Commercial Seedbank, Expand Retail and Invest in Rolling Papers and Beverages Labat to focus Labat’s cannabis subisidaries fall into its healthcare division. They are: Labat Pharmaceuticals, Sweetwater Aquaponics, Ace Genetics, Labat Hemp Processing, Cannafrica The product is superior, and of a quality that Labat want to be associated with.

CANNABIS INDUSTRY BREAKING NEWS Labat Seals CSIR Agreement to Fast-Track Cannabis Projects JSE-Listed Ingredient (API) product development Cannabiz Africa 17 August 2022 at 08:00:00 JSE-listed cannabis company Labat The CSIR has carried out extensive work in the areas of both industrial hemp and medical cannabis, Labat and wish to explore collaboration in the use of hemp for construction and packaging, among others,” Labat In the year to 28 February 2022 Labat’s earnings before interest, tax, depreciation and amortisation

CANNABIS INDUSTRY BREAKING NEWS Labat’s Finance Director Resigns In Board Reshuffle Labat Africa, South Cannabiz Africa 20 March 2024 at 14:00:00 JSE listed Labat Africa, which also has a dual listing in Frankfort absence of a clear regulatory framework for the commercialization of cannabis and related products, Labat Labat says it has beefed up its finance team with the appointment of Kgomotso Manaka as financial manager READ: All Cannabiz Africa articles relating to Labat Africa This is the SENS statement released by Labat

CANNABIS INDUSTRY BREAKING NEWS Labat Buys Maasdorp’s Stake in CannAfrica and Plans Extensive Store Roll-Out in Next 12 Months Labat Africa is developing CannAfrica as a mixture of a corporate and franchise model the sale was to align Maasdorp’s interests with the greater Labat healthcare vision. Labat will now own 100% of CannAfrica. Labat says the rollout of Labat Healthcare retail stores is “progressing well” through both company-owned

CANNABIS INDUSTRY BREAKING NEWS Labat Continues to Bleed; Battles with SARS, But Confident of Cannabis Strategy Going Forward Labat drops R25 m in 6 months to February 2022, roadshow to raise more money , the proceeds of which will be to expand Labat’s Eastern Cape operations. According to the February 2022 financials, Labat’s shares were valued at 18 cents. Labat believes it is owed R17 m by the Receiver. .

CANNABIS INDUSTRY BREAKING NEWS Labat Fires New Auditors Due to ‘Steady Breakdown’ in Relationship Labat Cannabiz Africa 17 January 2024 at 10:00:00 Labat issued a cautionary notice to shareholders on 9 January Nolands was appointed by Labat’s audit and risk committee in May last year. The idea behind the Nolands’ appointment was that Labat would have a single audit firm for the entire Labat retains its dual listing on the Frankfort Stock Exchange, but it’s become clear that investors

CANNABIS INDUSTRY BREAKING NEWS Labat Brings in California Expertise to Build New Distillate Extraction Facility in E Cape A new cannabis processing facility is to be established at Labat’s Sweetwater Aquaponics The 50/50 joint venture will be between the group’s wholly-owned subsidiary, Labat Healthcare Propriety Labat says it hopes to start construction in November 2022. Since the dual listing of Labat in Frankfurt in December 2021, Labat has been regularly approached by