Sativa Investments PLC (NEX:SATI) were featured in the Daily Mirror over the weekend announcing that the company will be opening the UK’s first totally legal cannabis farm at a secret location in Wiltshire.
This follows on from Home Secretary Sajid Javid’s announcement that UK doctors will be able to prescribe cannabis-derived medicinal products from November.
The unit is set to produce almost 8 tonnes of cannabis per year based on industry standards. Sativa’s subsidiary George Botanicals already has a UK Home Office hemp growers’ licence and has now applied to the UK Home Office Drugs Licensing and Compliance Unit for a medicinal cannabis growing licence.
Planning permission for the cannabis farm has already been granted which is said to be as large as almost six football fields and will have state-of-the-art security.
Sativa Investments PLC invest in global companies which are well-placed to take advantage of the dynamic regulatory environment surrounding medical cannabis. Their investment strategy focuses on production, pharmacology, testing and compliance, R&D commercialisation, and sales and marketing.