Lesotho

Fri
31
Jan

Things are going swimmingly at lucrative new locale in Lesotho: Halo Labs

Halo Labs Inc., a producer of cannabis oils and concentrates, said it expects its first harvest of cannabis in Lesotho, Africa, to be completed ahead of schedule.

The company signed a definitive agreement to buy Bophelo Bioscience in November, giving it access to one of the largest African licences, in terms of land, in Lesotho. In an operational update, the Oregon-based Halo noted that Phase 1 is going well.

Mon
23
Dec

Africa: Hurdles and handicaps on the road to mass cannabis farming

It will be a while before Africa can adopt cannabis farming en mass because of regulatory, infrastructural and market handicaps.

Various industry analysts say getting legislators to approve cannabis growing by peasants is a major hurdle in the conservative African society where marijuana is associated with delinquency and depression.

Cannabis farming has already proven problematic in North America despite the market being more mature than Africa, according to the African Cannabis Report by Prohibition Partners, which tracks the sector.

Fri
20
Dec

A Tiny African Kingdom Wants to Export Its Cannabis to the World

Kekeletso Lekaota spends her work days nurturing rows of cannabis plants for harvest. Pruning a few yellowed leaves from stems with thick, flowering heads, she says the job requires a soft touch and delicate hands.

Mon
11
Nov

The small African kingdom that’s perfect for growing cannabis, but maybe not for regulating it

Dawn breaks in the village of Marakabei, two and a half thousand meters up in the remote highlands of Lesotho, the landlocked kingdom surrounded by South Africa. Cowbells tinkle. Smoke from cooking fires rises above homes along the steep hillsides. An old donkey path winds around the edge of a peak. 

And then there are the workers walking it, each wearing overalls in a color denoting their function—blue for construction, green for cultivation. At the end of the path, they press their thumbs to a biometric scanner, pass through a turnstile, and enter a different world.

Fri
11
Oct

The great race to become the World’s weed supplier

Companies vying to be the biggest cannabis producer in America or Canada are wasting their time and suffering from a crippling lack of vision. The real play is to make a bid to become the worldwide leader in global cannabis exports — like firms in Jamaica and Lesotho as well as Canada are attempting to do — and the window of time to get in is closing fast, according to one entrepreneur with clear-cut plans to curb that market.

Thu
05
Sep

Growing medical cannabis is helping Lesotho survive

Marakabei — Vast white greenhouses sit high up on the slopes of Lesotho’s Marakabei town, hidden from view. It’s not fruit or vegetables, however, growing under the 18 plastic covers, but thousands of cannabis plants.

The cannabis is grown legally by the Lesotho-based company Medigrow and is regulated by the government.

“We have three rows that contain 1,200 plants each. That’s 3,600 plants across the whole structure,” said Medigrow’s head of production Albert Theron, gazing proudly over the crop.

In 2017, the tiny landlocked kingdom of 2.1-million people decided to tap into the booming medical marijuana industry, becoming the first country in Africa to allow the cultivation of cannabis for medicinal purposes.

Tue
03
Sep

This small African Nation is the key to tremendous growth for pot stocks

Getting in on the ground floor of a potentially revolutionary venture before it explodes is one of the best ways for pot stocks to grow. That growth may be all at once, or it may be slow and steady, but if the whole sector begins turning towards one trend or one factor that reliably leads to profit, the companies that established an early position in that factor will see the greatest benefit.

This is why Canadian companies are so well-positioned in the cannabis industry. Early legalization allowed corporations across Canada to become first-movers in a number of key markets.

Mon
24
Jun

Halo Labs to acquire Africa-based Bophelo Bioscience in $18.4m deal

US-based Halo Labs Inc. has entered into a non-binding letter of intent (LOI) for the proposed acquisition of Bophelo Bioscience & Wellness (Pty) Ltd.

The transaction is expected to strengthen Halo’s position in Lesotho, Africa, a country quickly becoming the continent’s export gateway to the global cannabis market. Lesotho is the first African country to grant medical marijuana licenses for cultivation and patient use and is making strides toward becoming the worldwide export hub for cannabis.

Thu
23
May

The African cannabis market is poised to reach $7.1 billion within four years

Cannabis is distancing itself from its former days of prohibition and people are enjoying legalization – both medically and recreationally throughout North America and Europe. But what’s been going on in Africa?

Thu
09
May

The African cannabis market could reach $7.1B by 2023

In the global cannabis landscape, Africa is an overlooked market. This is due to a number of factors, such as the illegality of the plant across the continent and the poor economic conditions that many African countries face.

Africa has the potential to become an enormous cannabis market due to the large population and favorable climate that makes growing weed easier than in neighboring Europe. A new report by Prohibition Partners suggests that by 2023, the African cannabis market could reach $7.1 billion.

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