NICI Quick Take

Southern Sky is a Canadian-registered company with a focus on establishing a retail footprint for a uniquely African brand and product line. The company acquired a 51% stake for a license to develop commercially viable medicinal cannabis products in South Africa. The purchased site is 50 acres, of which 10 acres are currently being initiated for outdoor cultivation. It most recently entered agreement with AxiommTechnologies, a Canadian edibles company, to manufacture hemp and cannabis-infused products. Axiomm carries patent-pending technology that fights the challenges of edible and drinkable cannabis products such as reducing onset time and improving its solubility.

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