2023 at 09:00:00 The Johannesburg Stock Exchange has suspended the listing of cannabis-focused company Labat Labat shares were trading at 0,07 cents before the suspension, down from the 1.2 cents/share offered to minority partner Herschel Maasdorp in order for Labat to own 100% of Cannafrica. The JSE warned Labat earlier this month over its late financials. CANNABIS INDUSTRY BREAKING NEWS JSE Suspends Labat For Late Financials

JSE says listing may be suspended if Labat does not produce a provisional financial report by Friday, Cannabiz Africa 26 September 2022 at 08:00:00 JSE-listed cannabis company Labat has been warned by the The JSE put out a SENS statement on 15 September 2022 alerting shareholders that Labat had “failed to This is the third time in the last two years that Labat has missed its financial deadlines. CANNABIS INDUSTRY BREAKING NEWS JSE Warns Labat Once Again Over Late Financials

Labat Africa says it rolled out 20 CannAfrica franchise stores in the last year and that, despite its Cannabiz Africa 12 June 2024 at 06:00:00 In a statement issued on SENS on 10 June 2024, Labat Africa Labat says that despite the share illiquidity it has still managed to expand its operations. READ ALL CANNABIZ AFRICA’S NEWS COVERAGE OF LABAT HERE. CANNABIS INDUSTRY BREAKING NEWS Labat Says Store Openings Continue Despite JSE Suspension

Labat Africa’s historical losses are coming to light as the JSE-listed company gets its books up to date Brett Hilton-Barber, Cannabiz Africa 18 December 2024 at 11:00:00 “Labat might be a going concern, but Labat Africa finally released its financial statements for the years ending 31 May 2023 and 31 May 2024 Labat’s disclosures are a requirement for the resumption of trading in the shares which were suspended Labat has also changed its company secretary earlier this month.

Labat has shifted the focus of its Sweetwaters cannabis cultivation facility away from exports to servicing Brett Hilton-Barber, Cannabiz Africa 23 December 2024 at 15:00:00 Labat has restructured its operations Labat reported historical losses of R272 million in its annual report but directors are confident it Labat has now positioned Sweetwaters to scale up to meet higher demand as its CannAfrica network expands Labat says its being ‘pro-active on the regulatory front Van Rooyen says “Labat has remained proactive

Labat Africa has set up Highly Creative Consulting which will specialize in helping African countries And Labat Healthcare’s Herschell Maasdorp has warned South African producers to avoid the wine industry Cannabiz Africa 8 June 2023 at 15:00:00 Labat Africa was the first cannabis company to be listed on the In a recent interview with Farmers Weekly , Labat executives said South Africa’s snail-paced regulatory Labat Healthcare director for business development, Herschel Maasdorp, says changing legislation meant

The JSE says Labat has until end-October 2022 to submit its latest annual report or its listing may be Cannabiz Africa 6 October 2022 at 04:00:00 The JSE says it is advising shareholders that Labat has failed Cannabiz Africa understands that Labat is struggling to consolidate its financials after nine months Backed South Africa’s first ethically-certified cannabis trials via subsidiary Biodata; The JSE says Labat CANNABIS INDUSTRY BREAKING NEWS JSE Warns Labat to Submit Annual Financials Or Else!

Cannabiz Africa 18 October 2022 at 10:00:00 JSE-listed Labat Africa posted a R34,7 million loss from Despite the loss, Labat says it is on track to become Africa’s Number One cannabis company and expects Labat says the industry is now starting to “break the constraints of the cannabis regulations” as it It took them 18 years to reach profitability,” Labat said. Labat Africa posted an operating loss of R24,9 million for the six months ending in February 2022.

Labat has confirmed to shareholders on 30 November 2022 that it lost R34 million in the nine months ending Cannabiz Africa 5 December 2022 at 10:00:00 Labat Africa says it has invested R25 million of its own See Labat's financials here. Labat says that “revenue generating activities have been increasing month-on-month” since the start of Labat says it will be launching a pharmaceutical sales, marketing and distribution business in Germany

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 Brett Hilton Barber 9 June 2022 at 22:00:00 Labat

JSE-listed Labat Africa is to acquire a 75,55% stake in IT company Classic International Trading in a The purchase is contingent on Labat producing its outstanding financials, and if the JSE lifts the suspension Cannabiz Africa 23 November 2024 at 08:00:00 PREVIOUS NEXT Labat To Acquire IT Company for R16,75 million

Labat Africa has set up Highly Creative Consulting which will specialize in helping African countries And Labat Healthcare’s Herschell Maasdorp has warned South African producers to avoid the wine industry Cannabiz Africa 8 June 2023 at 15:00:00 PREVIOUS NEXT Labat Launches Highly Creative Consulting to Assist