LONDON — Medical cannabis company Crucial Innovations Corp. signed a Management Services Agreement (MSA) with Cannabudgrow (Pty) Ltd, a licensed cultivator and exporter of medicinal cannabis based in Johannesburg, South Africa.
Under the terms of the agreement, Crucial Innovations will provide CBG with comprehensive management, administrative and strategic services, including oversight of operational, logistical, and business development functions. In return, Crucial Innovations will receive 95% of CBG’s net revenue, following deductions related to regulated cultivation and compliance activities.
Cannabudgrow is fully accredited by the South African Health Products Regulatory Authority (SAHPRA) and operates a GACP- and GMP-certified indoor cultivation facility. Leveraging hydroponic fertigation systems and sustainable LED lighting, the company produces pharmaceutical-grade cannabis to meet international standards.
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