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April 2, 2019 / TheNewswire / Vancouver, B.C. - Roughrider Capital Corp. ("Roughrider" or the "Company") is pleased to announce that pursuant to a share acquisition agreement it has acquired 70% of the issued and outstanding securities of MOHLODI OA THABA HOLDINGS PTY LTD ("Mohlodi") in exchange for cash payments totaling 10,000,000 South African Rand ("SAR"). Mohlodi is a private corporation located in the Kingdom of Lesotho and engaged in the medical marijuana business.
The Company is required to pay a finder's fee of 14,000,000 common shares of Roughrider in connection with the acquisition of Mohlodi.
The Ministry of Health for the Kingdom of Lesotho has officially granted Mohlodi a Cannabis License which allows for the cultivation, production and distribution of cannabis.
About the Company
Roughrider has recently acquired a private company in the Kingdom of Lesotho that is licensed for the cultivation of medical marijuana. The Company will develop its operations in Lesotho and continue efforts to expand its operations into southern Africa.
ON BEHALF OF THE BOARD
Lewis Dillman
CEO and Director
Cautionary Statements regarding Forward-Looking Information:
Certain statements contained in this press release constitute forward-looking information as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). These forward-looking statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
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