Private equity partnership Orange River Wealth LLP has agreed terms with Greengrow Capital Pty, a leading medical cannabis consultancy based in South Africa to purchase60% of Greengrows first medicinal cannabis cultivation facility at El Passo Farms, Pretoria. The new partnership will see Orange River Wealth LLP in conjunction with its wholly owned subsidiary Orange River Capital Ltd secure a 60% equity holding and subsequently commit to additional funding rounds that will provide investment to triple operations at El Passo, creating the leading supplier of medicinal cannabis on the continent.
Greengrow Capitals facility at El Passo is a fully regulated medical cannabis cultivator with operational capacity to produce 3,000 kg of medical grade cannabis and its derivatives under license from the South African Health Products RegulatoryAuthority (SAHPRA) and will start commercial production in 2021.
Dr Brylyne Chitsunge Phd, CEO of Greengrow Capital and El Passo Farms commented “I am truly delighted to have found the right partners in Orange River Wealth whom have shown from the outset that they firmly believe in the vision of Grenngrow in providing 1st class medical treatments from the immense potential of cannabis and that in partnership we can be not only a game changer in Africa but also globally.”
Orange RiverWealth LLP is a boutique private equity partnership focussing on environmental, social, and ethically responsible investments that truly provide a positive impact for the wider world and its investors.
Managing partner of Orange River Wealth and CEO of Orange River Capital Lee Farbrace, stated“We studied the market extensively knowing that we wanted to be a part of this fantastic new industry with its unquestionable potential to change peoples lives and when the opportunity of doing so with Brylyne and her team at Greengrow presented itself we knew there was no other contender and cannot wait to get started.”