AfriAg Global has held a stake in Apollon Formularies Ltd for nearly two years and it has decided to acquire all the shares in the company. This reflects the strategy of becoming involved in the medicinal cannabis sector.
The main operations are carried out by the Jamaican associate company, which holds medicinal cannabis licences. The licences allow therapeutic services and cultivation of medicinal cannabis. Although, this company is an associate Apollon Formularies is entitled to 95% of profit.
The long-term strategy is to go from growing cannabis all the way through to developing can...
