Eco Equity has established a unique position within the fast-growing market for legal cannabis. The company holds a licence for producing and processing cannabis in Zimbabwe and is in the process of developing a 30,000 square metre facility for the cultivation of cannabis and extraction and refining of cannabis oils.
We are expecting the first small scale crop harvest and first revenues in 2020, leading to a rapid transition to profitability and cash generation thereafter.
The market opportunity:
Eco Equity was conceived as a vehicle for producing cannabis and concentrates for the medical market. Medical cannabis is now legal in 26 countries worldwide, and represents a market of more than $US10bn and growing. Market growth is driven by new applications being identified, more accommodating regulation in existing medical cannabis markets, and new jurisdictions opening up to medical cannabis.
The same cannabis materials (flower and oil) that are used for medical applications can also be sold for the recreational market in jurisdictions that permit it, and this offers another route for revenue growth for Eco Equity.
Eco Equity has a strong focus on maintaining the necessary regulatory expertise to operate within the legal frameworks of each of its target end markets.
Published at Fri, 12 Jun 2020 14:45:19 +0000-Eco Equity – Growing ambition