Highlands Investments in Lesotho, will be auctioned this month. The company was formerly a wholly owned subsidiary of Canopy Growth Corporation. The company operates GAP and ISO 22000 certified facilities. The company cultivates, processes and packages high-quality THC and CBD cannabis flower for the production of medical-grade cannabis products, and in 2021, was behind what was described as the world’s largest single legal cannabis export to date.
“Highlands was established with an initial investment of about $20m and meets global standards for medical cannabis cultivation,” said Norman Raad, chief executive officer of Broll Auctions and Sales.
Broll Auctions and Sales will auction the business which includes 20ha of cannabis, with strains including Moby Dick, Diet Durban, Cloud Walker and Super Silver Haze. Key to the sale is the company’s Medical Cannabis Cultivation Licence for cultivation of up to 200ha, and a 60-year lease with room for further expansion.
Assets included in the sale include a modern processing and packaging facility, a natural aquifer, three mega boreholes, three one-million litre reservoirs, fully-integrated irrigation system, and several tonnes of CBD and THC biomass.
More details here:
https://lnkd.in/gJxS-KFF
