One of Africa’s largest outdoor cannabis-growing facilities, Highlands Investments in Lesotho, will be auctioned this month.
Highlands Investments was at the forefront of the country’s legalisation process and was granted one of the first and largest trading licences. It cultivates, processes and packages high-quality THC and CBD for the production of medical-grade cannabis products, and in 2021, was behind what was described as the world’s largest single legal cannabis export to date.
The company is auctioning the business, which includes 20ha of cannabis, with strains including Moby Dick, Diet Durban, Cloud Walker and Super Silver Haze. Key to the sale is the company’s licence for cultivation of up to 200ha of cannabis, and a 60-year lease.
Assets included in the sale include a high-tech processing and packaging facility, a natural aquifer, three mega boreholes, three one-million litre reservoirs, fully-integrated irrigation, and several tons of CBD and THC biomass.
The 100% buyout of equity shares in Highlands creates the opportunity for a large-scale trade player or other knowledgeable investor to diversify their agricultural exposure. Lesotho is globally recognised as one of the world’s best locations for cannabis cultivation, with its ideal climate.
While designed for cannabis and hemp, the machinery and processing capabilities mean this ISO 22000-accredited business has the capacity to cultivate a wide array of genetics, including cash crops like barley, wheat, grain, sorghum, sesame and biofuels.
The high-end agricultural business will go under the hammer at Wanderers Club in Johannesburg on 22 November at noon.
Contact Jayson-Lee Collins on 072 112 8186 or [email protected].