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AFRI - Afriag Global News Story

6p 0.0  0.0%

Last Trade - 06/08/20

Sector
Industrials
Size
Micro Cap
Market Cap £1.90m
Enterprise Value £667k
Revenue £n/a
Position in Universe 1761st / 1819

AfriAg Global Plc: First Medicinal Cannabis Investment

Thu 18th October, 2018 8:59am
News and Media Release

18 October 2018 

AfriAg Global Plc

(“AfirAg” or the “Company”)

First Medicinal Cannabis Investment

London, October 18, 2018:  AfriAg Global PLC (“AfriAg”or the
“Company”), the substantial London-quoted global food and logistics group,
focussed on the agricultural and medicinal cannabis sectors, has today
acquired 546 Tilray Inc (NASDAQ: TLRY) shares at US$146.439 per share for a
total of US$80,000 or GBP61,000.

David Lenigas, Executive Chairman of AfriAg Global, comments:

“This is AfriAg Global’s first investment in the medical cannabis sector.
We are totally focused on investing in many more legal cannabis entities,
private or listed. We see Tilray as excellent value at this price and are
regarded as a long-term hold in our new cannabis investment portfolio. This
initial investmet may increase in time, and we are looking hard at investments
in other main board US listed public entities in this sector. We are also
actively reviewing many opportunities around the globe in the legalised
medical cannabis space. Further releases will be made as when further
investments are made in this sector.”

The directors of the Company accept responsibility for the contents of this
announcement.

-ENDS-

For further information on AfriAg Global please visit the www.afriagglobal.com
or please contact;

AfriAg Global
Plc:                                    
                            

David Lenigas (Executive
Chairman)                                                                                                               
+44 (0)20 7440 0640

Peterhouse Capital
Limited                                                                                             
                +44 (0)20 7469 0930

Guy Miller

Fungai Ndoro

For Media enquiries:

David Bick at Square1
Consulting                                                                                                    
+44 (0)20 7929 5599

     

About AfriAg Global Plc

AfriAg Global is a London quoted public company (NEX Exchange), that
specialises is global agri-logistics solutions, food marketing and bespoke
distribution services by road, air and sea, to many major food retailers and
wholesale corporations around the world. AfriAg’s investment strategy
focuses on acquisitions of direct and/or indirect interests in the
agricultural and medicinal cannabis sectors. In the Agriculture sector, AfriAg
is seeking acquisitions of direct and/or indirect interests in businesses
involved in agriculture generally and the production, processing, logistics
and distribution of agricultural produce. The Company is focusing on
opportunities in this sector in Europe, Africa and the Middle East, but is
considering investment opportunities anywhere in the world. In the Medicinal
Cannabis sector, the company is seeking investments in companies, projects or
products that are; progressing medicinal cannabis research and development,
producing or cultivating medicinal cannabis, producing or supplying products
derived from or related to cannabis (including, but not limited to, hemp and
cannabidiol products); and/or commercialising or marketing medicinal cannabis
and its derivatives. The Company will seek investments in companies and
projects in jurisdictions which have well-developed and reputable laws and
regulations for the research and production of medicinal cannabis and in
jurisdictions that are signatories to the United Nation’s conventions on
narcotics.



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