LGC Capital (TSXV:QBA) announced it made its second payment for their investment to acquire a 60% beneficial interest in Sout African cannabis company House of Hemp.
As quoted in the press release:
The House of Hemp is South Africa’s one-stop authority on all things hemp and cannabis. Based in Block D of the Dube TradePort’s Agrizone Complex at Durban’s King Shaka International Airport, which features 40,000 m2 of secure, temperature-regulated and humidity-controlled greenhouse under glass, with refrigerated pack houses, laboratories and offices. This complex regarded as the most eco-friendly and high-tech agricultural facility in Africa and is where House of Hemp is planning to ramp up Research & Development of high-CBD medicinal grade cannabis.
Although medical cannabis is its newest and largest focus, House of Hemp started as an importer and reseller of hemp products, which remains a key element of its business: hempseed oil, hemp protein powder and de-hulled seeds.
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