Canadian Company To Invest In The Export Of Medicinal Marijuana

Founder of African Cannabis, Carl James Esprey, is set to venture into export medicinal marijuana from Zimbabwe through his newly-formed company.

The Italian businessman is considered a controversial character after his Kenya Atlas African Industries company disappeared with a reported Sh450 million (Kenyan) of investors’ money.


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African Cannabis is mulling plans to go public by merging with Trius Investments Inc, a company listed on the Canadian Securities Exchange (CSE) and whose business comprises property investment and garbage collection. In its market disclosures, the company said

African Cannabis is a Toronto-based company incorporated in British Columbia in 2018 to deal in the production, cultivation, extraction and export of medical cannabis in multiple African countries.

… African Cannabis was founded and is led by Carl Esprey and Kojo Annan, both experienced African businesspeople with over 40 years’ combined experience on the continent.

The Company claims that it holds a medical cannabis licence in Lesotho and has entered into a joint venture with a local State-owned company in order to obtain a licence for the exportation of medicinal marijuana.

Related:

More: Business Daily Africa

Mbanje

Mbanje (in English Cannabis or Dagga) is a plant most known for being a smoked recreational drug. However, the plant has other commercial uses such as hemp fibre, medicine, oils. In Zimbabwe, possession of the drug without the required farming license is a crime. Mbanje... Read More About Mbanje

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