JSE-Listed investment holding company Labat Africa has listed its shares as a dual listing on the Frankfurt Stock Exchange (FSE). Labat listed on the Johannesburg Stock Exchange in 1996, repositioned, and made a strategic shift to become a fully integrated cannabis healthcare company in 2019. Labat Africa chief executive officer, Brian van Rooyen, said: “The FSE listing is an exciting move for the group. It comes off the back of Germany’s new coalition government planning to legalize cannabis for medicinal and recreational purposes. “The FSE listing will allow us to accelerate our cannabis goals in the European market, particularly now with robust negotiations currently underway in the growing cannabis economy of the European economic powerhouse, Germany.” Germany, Labat said, is set to legalize cannabis nationwide after major parties reached an agreement. There will also be provisions related to advertising, with the intent being to restrict the promotion of cannabis, tobacco, and alcohol to deter youth use, it said, citing Der Spiegel. ==

Mmp News Author, Medical Marijuana Program Connection, 12/06/2021 06:32:00

Open article: https://mmpconnect.com/south-african-cannabis-company-lists-on-german-stock-exchange/