The primary cannabis agency to stage an IPO on the London Inventory Change will this week arrange a Metropolis veteran as its chairman and unveil a multimillion pound fundraising.
The primary cannabis agency to stage an IPO on the London Inventory Change will this week arrange a Metropolis veteran as its chairman and unveil a multimillion-pound fundraising.
Sky Information has learnt that Kanabo Group, which produces medicinal cannabis merchandise and operates an NHS-approved telehealth service, will announce on Tuesday that Ian Mattioli will flip into its new non-executive chairman.
Mr Mattioli, co-founder and chief govt of the pensions and wealth administration consultancy Mattioli Woods, can also make investments £500,000 in Kanabo shares as part of a £3m cash title.
Current administration and totally different shareholders can also participate throughout the share sale, in accordance with insiders.
He’ll change David Tsur, who has chaired Kanabo as a result of it went public in February 2021 and has now flip into deputy chair.
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Mr Mattioli’s recruitment is extra prone to be well-received by merchants who’ve seen Kanabo’s stock stoop by virtually a third over the previous yr.
The agency now has a market price of decrease than £14m.
It has seen a string of boardroom departures in present months.
In March, Kanabo launched Deal with It, a model new service focused on continuous ache administration using plant-based medicine and coverings unavailable by the use of standard channels.
A spokesman declined to the touch upon Mr Mattioli’s appointment or its impending fundraising.
Supply: data.sky.com”
