Eco Equity is developing a medicinal cannabis cultivation business in Zimbabwe, with a vertically integrated operation in Antigua.<\/p>\n
The company, which is examining a possible dual flotation in the UK and Canada, holds a licence in Zimbabwe to export into the European Union.<\/p>\n
Refined oil and botanical flower, both certified under EU good manufacturing practice (GMP), will both be exported to wholesalers to fulfil existing off-take agreements in the EU, as per the licence.<\/p>\n
Zimbabwe-born chief executive Jon-Paul Doran, formerly a Citigroup financier, founded the company after moving out of the City into the cannabis industry.<\/p>\n
Eco Equity is forecasting initial annual production of around 15,470kg of EU-GMP cannabis flower, and 1,591kg of EU-GMP oil. Wholesale establishments will be used to fulfil off-take agreements in the EU regions.<\/p>\n
When fully operational, this is expected to generate annual revenues of around US$34-35mln based on current prices and off-take agreements.<\/p>\n
Antigua is a different model, with a vertically integrated model from cultivation to retail, with the latter based on the US model of wellness \u2018dispensaries\u2019 for the domestic consumer and an on-premises lounge to tap into the tourism market.<\/p>\n
The Antigua business also holds an export licence, with the medium-term target being other islands in the Caribbean and potentially the US.<\/p>\n
In the UK, Guernsey-domiciled JPD Capital has been launched as the investment vehicle that funds Eco Equity and potentially other investments in the medicinal cannabis industry. This is the primary vehicle for investors.<\/p>\n","protected":false},"excerpt":{"rendered":"
Eco Equity is developing a medicinal cannabis cultivation business in Zimbabwe, with a vertically integrated operation in Antigua. The company, which is examining a possible dual flotation in the UK and Canada, holds a licence in Zimbabwe to export into the European Union. Refined oil and botanical flower, both certified under EU good manufacturing practice […]<\/p>\n","protected":false},"author":84,"featured_media":24828,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,6],"tags":[420],"class_list":{"0":"post-24827","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-economy","9":"tag-exports"},"yoast_head":"\n