Project Summary
Cannabis Growing Operations
The company is to proceed with another round of seed funding at 5c to raise a further $700k. A prospectus and $2 million capital raising will complete the company’s listing on the Sydney Stock Exchange (SSX) and the Frankfurt Stock Exchange. The resulting $2.5 million of capital will be used to fund The establishment and expansion of Botanapharm’s proposed cannabis growing operations.
A strategic entry into medical cannabis market.
Increasing liberalisation of cannabis laws around the world, particularly for medical cannabis.
JV agreements signed to secure land and growing licences.
Lesotho, Zimbabwe, South Africa and Malta have legalised the farming of cannabis for medicinal use.
Projected annual revenues of US$10 million per hectare.