Silent Goodbye a sad reality. (Mom passes on & leaves small Children)

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The quiet community of Ngodini, just outside Nelspruit in Mpumalanga, South Africa, woke up to heartbreaking news that left neighbours and relatives in disbelief. Twelve-year-old Ayanda had always been the responsible one. As the eldest of three children, she helped her mother care for her younger siblings, eight-year-old Sipho and four-year-old Amahle. Their mother, Nomsa, worked hard to provide for them, often reminding her children that no matter how difficult life became, they should always love and protect one another. One cold winter morning, the children woke up as usual. Ayanda prepared breakfast while waiting for their mother to get up for work. Minutes turned into an hour, but Nomsa never came out of her bedroom. Ayanda gently knocked on the door. "Mama?" she called softly. There was no answer. She knocked again, louder this time. "Mama, it's morning. You have to wake up." Still, there was only silence. Growing worried, Ayanda tried opening the door. H...
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Cannabis company plans listing after being handed first rights to grow and package weed products in South Africa

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 24 August 2021

Cilo Cybin Pharmaceutical is considering an initial public offering in the next 12 months after becoming the first South African company to win the right to grow, process and package cannabis products.

The firm, named after the psychoactive substance in magic mushrooms, received the required certification from the South African Health Products Regulatory Authority.

It will now be able to produce marijuana for sale to consumers around the world, founder and chief executive officer Gabriel Theron said in an interview.

“The plan for the next 12 months is to go public,” Theron, 40, said at Cilo Cybin’s operations near Pretoria.

“We are planning a dual listing with the main board being the Johannesburg Stock Exchange, and we are thinking Luxembourg possibly for a secondary listing or another bourse in Europe.”

The money raised will partly be used for its cannabis business, which uses a strong South African strain called Durban Poison with high levels of tetrahydrocannabinol, or THC, the main psychoactive chemical.

It will also be used to develop other activities such as biohacking, the practice of using apps or supplements to improve health.

Psychedelic research

While the cannabis industry has been legalized in a number of countries, companies are now betting that a similar shift will take place in the market for psychedelics.

Cilo Cybin has applied for a research permit to explore the uses of the magic mushroom chemical psilocybin.

“Psychedelics can be used for anti-depressants, post-traumatic stress, for anxiety — I really think it is going to be a lot bigger than cannabis even,” the chief executive said.

Cilo Cybin has built a high-tech, indoor growing facility that can produce about 100 kilograms (220 pounds) of cannabis flour a month. That sells for between $2 and $4 a gram at wholesale prices.

The company can also produce cannabis oil, used to treat illnesses including cancer, that sells for about $100 per milliliter, Theron said.

South Africa has awarded 28 cannabis licenses and made some regulatory headway in developing the sector. The region’s climate is suitable for growing high-quality product at a low cost.

With the company now able to export cannabis, Cilo Cybin is signing several international deals to enable distribution in Australia, Brazil, the UK, parts of Europe and Israel, said Theron.

The firm also has research and development partners in place with universities and institutes that will get royalties when the products are commercialized, he said.

Read: JSE-listed Labat acquires R11.25 million stake in Northern Cape medical cannabis producer

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