It was bought by Canada New Stock Exchange-listed Halo Collective in November last year in a share-based deal as it looked to gain a European foothold. 200 Hectares In Africa And, it has now been hived off into the new Akanda entity along with Halo's African cultivation facility which produced its first harvest in 2019 and has approvals for 200 hectares of grow in Lesotho. The new entity is preparing to introduce its first medical cannabis products into the UK and European markets. Its CEO and Director Tej Virk is a former investment banker with BMO Capital Markets, who joined Canopy Growth Corp in 2019, as its Managing Director of Europe. Mr Virk later joined Khiron Life Sciences as President of Europe establishing the company's European medical and consumer packaged goods business.