THE London Stock Exchange will accept the first cannabis company in its 320-year history next month – marking a significant milestone in the growth and development of the industry in the UK and Europe. Spinnaker Opportunities has today (January 29) announced the successful completion of a £6m fundraise which will allow its close on its reverse takeover of Israeli firm Kanabo Research. The February 16 listing will value the company at £23.4m and follows a number of false starts for the company after the UK Financial Conduct Authority (FCA) balked at expediting an earlier listing, last year. Speaking to BusinesCann Spinnaker Chairman Andy Morrison said: “It’s been a long-time coming. There have been lots of twists and turns but they are all done.

Peter Mccusker, Cannabis Business Executive – Cannabis and Marijuana industry news, 02/01/2021 18:01:00

Open article: