CanbiGold moving closer to growing money from shrubs

CanbiGold is moving closer to growing money from cannabis shrubs as it has improved the design of its “Fortress” modular units, while also securing land in the Maseru Special Economic Zone (SEZ) in Lesotho.
JOHANNESBURG – 
CanbiGold is moving closer to growing money from cannabis shrubs as it has improved the design of its “Fortress” modular units, while also securing land in the Maseru Special Economic Zone (SEZ) in Lesotho. 
The SEZ agreement is for a 15% tax rate, with six Lesotho nationals employed per one South African. The cannabis grown in Lesotho is then exported to Europe, mostly Germany and Switzerland. The legitimate cannabis cultivation is highly regulated and the cultivation of the crop must be audited and certified before the crop can be processed by pharmaceutical companies for medicinal consumption. 
CanbiGold is a Cape Town based holding company that has invested into several companies across the cannabis value chain and is offering early stage investors preferential share blocks at R500,000 per block. These are convertible at a 3 to 1 ratio once CanbiGold is listed. In Canada the listed cannabis sector has a market capitalisation of more than R500 billion. 

Source: iol.co.za