Deal #7502

Location #1

Spatial accuracy level
Administrative region
Location
Matsapha, Eswatini

Target country
Swaziland
Comment on location
Located at the at the Royal Science and Technology Park in Matsapha.

Land area

Intended size (in ha)
1011.7
Comment on land area
Eswatini facility would be located on 2 500 acres (1 011.7 hectares).

Intention of investment

Intention of investment
[2019] Non-food agricultural commodities
Comment on intention of investment
Produce and sell industrial hemp and medical grade cannabis

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
Intended (Under negotiation)
Comment on negotiation status
The status is not clear as according to the company state that it has received preliminary approval to become the only licenced growing farm and processing plant for medicinal cannabis and industrial hemp ( an exclusive agreement that is valid for a period of 10 years) whilst the Ministry of Commerce, Industry and Trade stated that it has not promised anyone a licence for cannabis and industrial hemp production.

Implementation status

Comment on implementation status
The company expected to start construction of the facility during the second quarter of 2019.

Operating company

Operating company
Comment on investment chain
Stem holdings Inc acquired South African Ventures Inc (SAV) which had joint ventures with Profile Soultutions Inc on 23 March 2019. The operating company in Swaziland has not been established yet. The document mentions that the company will establish a subsidiary for cannabis operations in eSwatini once the permit has been issued.

 

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Data source #1

Data source type
Media report
File
Publication title
Profile : GOVT DISPUTES AWARDING DAGGA LICENCES
Date
2019

Data source #2

Data source type
Media report
File
Publication title
Profile Solutions Inc (OTCMKTS:PSIQ) Gets Preliminary Approval to Establish A Growing Farm/ Processing Plant for Medical Cannabis in The Kingdom of eSwatini
Date
2018

Data source #3

Data source type
Company sources
File
Publication title
PSIQ Secures $2,500,000 to Become the Only Licensed Growing Farm and Processing Plant for Medical Cannabis & Hemp in eSwatini for a Minimum of 10 Years
Date
2019

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Build a processing plant for medicinal cannabis and industrial hemp
Processing facilities / production infrastructure of the project (e.g. oil mill, ethanol distillery, biomass power plant etc.)
The cost of construction of the facility estimated at E78 million (US$5.26 million)
In-country end products of the project
industrial hemp and medicinal cannabis

Dec. 3, 2019, 3:42 p.m.

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Dec. 2, 2019, 11:55 a.m.

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Dec. 2, 2019, 11:52 a.m.

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