RGT 1.79% 28.5¢ argent biopharma limited

Namibia growing facility?, page-5

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    Erin Resources (ASX:ERI) announced that MGC Pharmaceuticals has secured the option to acquire a license to grow its proprietary Sativa L Cannabis (Hemp) strain in Namibia.
    As quoted in the press release:
    The option has been secured through one of the MGC founder’s existing business operations in Namibia which has been awarded the license. This option has been secured to roll the Namibian production license into MGC’s operations as part of the existing MGC acquisition consideration terms agreed with Erin, for no additional consideration.
    The MGC operations and initial production facilities are currently being established in Slovenia, following key commercial license approvals in the region announced on 11 June 2015, to enable the company to grow for up to eight (8) months of the year in the Northern Hemisphere outdoor operations.
 
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