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AFRI - Afriag Global News Story

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Last Trade - 06/08/20

Sector
Industrials
Size
Micro Cap
Market Cap £1.90m
Enterprise Value £667k
Revenue £n/a
Position in Universe 1759th / 1818

AfriAg Global Plc: Medical Cannabis Licence in the UK to be sought

Mon 17th September, 2018 7:00am
News and Media Release

17 September 2018 

AfriAg Global PLC

(“AfriAg Global” or the “Company”)

Medical Cannabis Licence in the UK to be sought by AfriAg Global

AfriAg Global PLC, the London-listed global food and logistics group,
announces that it has formally engaged the London office of law firm, Hill
Dickinson LLP, to assist with the Company’s application process to become a
licensed cultivator and producer in the UK of medical cannabis.

The UK is one of the world’s largest producers of legal medical cannabis
under special licences granted by the UK Government.

David Lenigas, Executive Chairman of AfriAg Global, comments:

“I have extensive experience in the global legal medical cannabis sector,
having assisted with financing medical cannabis operations in Jamaica,
Australia, Canada and Europe, and the board see a huge opportunity here for
AfriAg Global to help the UK increase its global market presence in this very
exciting and fast-growing sector. Applying for this licence is a very detailed
and highly regulated process and it will take some time. We have started the
process by appointing a highly skilled major law firm to assist the Company
with the formal application for a licence. The application will be sought in
the name of AfriAg Global, and if appropriate, we may bring in other
experienced global partners to assist with our application.”

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 Corporate Finance
Limited                                                                                        
+44 (0)20 7469 0930

Guy Miller

Fungai Ndoro

For Media enquiries:

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



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