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Bioavailable extracts producer Plandai gets 49m from the LADBSA

Market Watch website reports that US-based Plandai Biotechnology announced that it has received R49 million from the initial draw down on the R100 million loan from the Land and Development Bank of South Africa (LADBSA).

25 Jul 2012

According to Market Watch website, Plandai focuses on the farming of whole fruits, vegetables and live plant material and the production of proprietary functional foods and botanical extracts for the health and wellness industry. Its principle holdings consist of more than 8500 acres of land, farms and infrastructure in Mpumalanga.

The initial draw, said Plandai Chairman and CEO, Roger Duffield, is the first step on the road to full-scale production of the company's highly bioavailable botanical extracts, reports Market Watch.

Read the full article on www.marketwatch.com