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It is no secret that Canadian cannabis companies are looking to conquer the industry around the world. As countries warm up to the idea of medical and recreational cannabis, Canadian licensed producers have been at their door steps awaiting the chance to poor money and expertise in. The most recent target is Lesotho, a small landlocked nation completely surrounded by South Africa.
This past week both Aphria and Canopy Growth invested a total of $33 million in the country. 

Canopy Growth announced on Tuesday that it had acquired Daddy Can Lesotho PTY, or Highlands, which holds licenses to cultivate, manufacture, import, export, and transport cannabis for $28.8 million in stock. Aphria spent $4.1 million to take a 50% stake in CannInvest Africa, a joint venture it holds with South-African based Verve Group, to gain 30% of licensed producer Verve Dynamics.
The strategic importance of Lesotho is not its domestic market, but rather its aim to become a supplier of medical marijuana to countries that currently or will soon allow it. These include South Africa, Ghana, Zambia, and Swaziland in Africa. 

Source: https://mjbizdaily.com/southern-africa-magnet-medical-marijuana-investments/


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