LGC to Focus on Investments in Near-Term Medical Cannabis Production

LGC Capital Ltd.
Symbol: TSX-V: LG

• Terminates option with House of Hemp as it no longer meets LGC's investment criteria

MONTREAL , March 23, 2018 /CNW Telbec/ - LGC Capital Ltd. (LG.V) ("LGC") announces that it has formally terminated its option to acquire a 30% interest in South Africa -based House of Hemp (Pty) Ltd, in favour of focusing LGC's resources and cash-strong balance sheet on developing its fast-growing investments in Australia , Montreal/Canada , Jamaica and Europe . LGC also announces that it is examining new near-term cash-flowing investment opportunities in Europe and southern Africa . As previously announced, LGC's 50/50 joint venture with AfriAg (Pty) Ltd had the exclusive right to acquire a 60% interest in House of Hemp.

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