Empire Cannabis Holding Limited acquired 66.94% stake in Nutritional Holdings Limited (JSE:NUT) from Baphalane Ba Mantserre Investment Holdings (Pty) Limited on October 28, 2019. Post completion of the transaction, Empire Cannabis Holding Limited holds 66.94% stake and Baphalane Ba Mantserre Investment Holdings (Pty) Limited holds 1.45% stake in Nutritional Holdings Limited. PSG Capital acted as financial advisor to Nutritional Holdings Limited. Empire Cannabis Holding Limited completed the acquisition of 66.94% stake in Nutritional Holdings Limited (JSE:NUT) from Baphalane Ba Mantserre Investment Holdings (Pty) Limited for ZAR 1 billion on October 28, 2019. Empire Cannabis acquired 9.2 billion shares at ZAR 0.11 per share.