Rwanda is set to have its cannabis production facility in September this year following the latest update by the contractors that the completion date has been pushed to give time for a new access road to the site be constructed.
According to Rene Joseph, the CEO at King Kong Organics (KKOG), a subsidiary of KKOG Global, which became the first company to secure a five-year license from the Rwanda Development Board (RDB) to operate cannabis production, the completion of the facility was scheduled for May but has been pushed to September.
“We are at 70 per cent to complete the facility set up and we expect to finish by the first week of September,” he told The New Times.
KKOG announced an initial investment of $10 million for machinery, facility construction, land acquisition fees, contractor payments, and the import of genetically modified cannabis seeds, among other expenses.
Joseph said that the production process, including the extraction of cannabis oils primarily for export, will be made possible through a $3 million investment from the Rwandan government.
KKOG aims to produce at least 5,000 kilograms of cannabis per hectare, with the plants maturing within four to six months.
The RDB allocated approximately 35 hectares in Musanze District to five potential investors, granting each five hectares, with an additional 10 hectares designated for communal use and security.
