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Nutritional Holdings says acquisition target has secured a R1bn contract

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Ukusekela Holdings, which Nutritional said in December it had agreed to buy for R140m, has secured a three-year contract in Germany

Nutritional Holdings, which is managing and seeking to acquire cannabis group Ukusekela, says its target has secured a three-year contract in Germany worth about R1bn, putting the group on track to meet its ambitious growth goals.

“The contract will get us about a third of the way there,” he said, adding “our growth over the next year is going to be astronomical”. Nutritional Holdings said the German contract could give it access to other European markets as well. Germany is the third-largest medical cannabis market in the world and is the front-runner in Europe, it said.

 

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Nutritional Holdings says acquisition target has secured a R1bn contractUkusekela Holdings, which Nutritional said in December it had agreed to buy for R140m, has secured a three-year contract in Germany
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