African Operations
Bophelo Bioscience
Low cost production of cannabis biomass in the Kingdom of Lesotho, Southern Africa
Pristine surroundings and ideal environmental conditions for greenhouse based cultivation of cannabis
Abundant supply of water, sunshine, low cost energy and competitively priced labour
Vast and maximum production capacity with access up to 200ha of canopy area
Ability to grow cultivate both THC and CBD cannabis variants, including outdoor cultivation of high yielding CBD strains with concomitant levels of high THC
Good Agricultural and Collection Practices (“GACP”) accreditation achieved in Q3 2021
Cultivation operations underway since 2019 with 250,000 grams of tested cannabis biomass produced to date
African Operations (Continued)
Expansion of up to 5 hectares of state of the art greenhouses underway
Signed offtake agreement worth $30M with Maltese based Medcan for EU distribution
Partnership and licensing arrangements with award winning seed producer DNA Genetics & Zkittlez
Gateway to the broader African continent and access to international markets such as the EU, Canada and Australia through international trade agreement frameworks
Significant competitive cost advantage due to low input cost environment
Low tax jurisdiction (10%) and access to advantageous double taxation treaties
