EDIT: Sorry did not mean to post 2x WOW that merger finally came through! First heard about the stock back in August so I'm happy its finally paying off.
But is it true that this the largest cannabis operations in the world?
Dropping some DD from an article down below but I hear a lot of chatter on twitter about this & wanna know for my own sake
https://pennystocks.today/txtm-stock-reverse-merger-with-industry-giant/
Delivering on its 2020 LOI, TXTM finally reverse merged with Republic of South Africa Medical Marijuana Dispensaries Acquisitions (RSAMMDA) through a share exchange. In this way, RSAMMDA exchanged 100% of its capital stock for preferred shares of TXTM. RSAMMDA is a jointly owned business led by Dylon Du Plooy and Dr. Ahmed Jamaloodeen (Dr. J) who represent RSAMMD and Leeds Boerdery.
Considered to be a pioneer in the medical cannabis industry, RSAMMD is focused on researching, cultivating, producing, and distributing high quality medical cannabis. To facilitate its operations, RSAMMD has partnered with Dr. J’s Leeds Boerdery to utilize his 5 thousand hectare New Castle farm and his federally issued cannabis and hemp licenses. As the world’s largest cannabis farm, the New Castle farm practices eco-farming and organic farming. For this reason, the farm is a Pilot of Excellence for the National Department of Agriculture Forestry and Fisheries as it uses advanced technologies and AI to grow its cannabis. With this in mind, many investors are bullish on TXTM stock’s future prospects as Du Plooy is now the company’s CEO and Dr. J is the company’s new president and chairman.
In the meantime, RSAMMD recently completed the cultivation of its semi-annual grow of cannabis and hemp over more than 1000 hectares. This was done by utilizing Dr. J’s permits and licenses to grow hemp and cannabis, in addition to research permits allowing for testing final products for human consumption and medical benefits. Considering the significance of these licenses, TXTM appears to be well-positioned to grow in the competitive cannabis market in the future.
As both companies signed an LOI back in 2020, they spent the past two years developing their operations in South Africa and across the world – while improving the infrastructure for cannabis and hemp extraction. On that note, RSAMMD currently operates a 10 thousand square meter state of the art greenhouse facility with full environment control and cannabis-related specifications which meet international ratings and standards. As well, RSAMMD has private consultation rooms and a medical center focused on medical cannabis science, prescription, as well as dispensing of medical cannabis products.
Based on this, RSAMMD expects this facility to become the headquarters for tracking and distribution of medical cannabis products to hospitals and pharmacies as widespread legalization takes place. At the same time, RSAMMD is bullish its infrastructure will allow it to produce the highest quality cannabis and hemp products in the world.
Meanwhile, RSAMMD has been busy over the past two years securing off-take agreements for end products. In South Africa, RSAMMD has only one off-take agreement with Dr. J’s New Castle farm. However, the company has been looking to increase its global reach and has agreed on several off-take agreements in principle with international leaders in the cannabis industry. In light of this, TXTM stock could see further growth if these deals are announced.
https://northernnatalnews.co.za/241700/cannabis-destination-world
https://www.timeslive.co.za/news/south-africa/2018-12-19-kzn-farmer-grows-1000ha-of-cannabis-but-you-cant-smoke-it/
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