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TORONTO, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Psyence Group Inc. (CSE: PSYG | OTCQB: PSYGF) (“Psyence” or the “Company”), a life science biotechnology...

That almost R650 million figure is a drop in the ocean compared to South Africa's cannabis industry as a whole, which is estimated to be worth around R28 billion.

South African CBD company nets big deal in anticipation of cannabis-industry boom 3 Jun 2021 High time: The global medical cannabis industry is expected to generate $82.9-billion by 2027 and the International Monetary Fund has said cannabis is the 59th-largest economy in the world. “It’s time now,” says Warren Schewitz, the founder and chief executive of CBD wellness brand Goodleaf. He is referring to long-awaited plans to commercialise South Africa’s largely unregulated cannabis industry. “It is exceptionally challenging and frustrating when you have all the pieces, but you don’...

In yet another huge dagga deal, major SA cannabis companies ink a R650 million merger  Jun 03, 2021, 02:39 PM facebook (Getty) Goodleaf, which opened South Africa's first legal commercial cannabis store in 2019, is merging with a Lesotho-based grower. The deal, said to be worth around R650 million, is aimed at expanding Goodleaf's export market. This latest deal follows a flurry of developments in South Africa's cannabis sector, with government readying a "master plan" and a JSE-listed firm investing in plants and "smokables". For more stories go to www.Business...

Goodleaf Company is merging with Highlands Investments in a deal valued at almost R650 million ($50 million), Benzinga has learned exclusively ahead of an official announcement. The combination of Goodleaf, the leading retail brand in South Africa, and Highlands, formerly Canopy Growth (NASDAQ:CGC) Africa, will result in the creation of the largest vertically integrated cannabis operation in Africa. The combined entity boasts more than $25 million in investments in the continent to date. Under terms of the deals, shareholders of Highlands Investments will own 35% of the combined entity, wh...