Green and pleasant land? The future of cannabis use in the UK July 29, 2021 Smoking as a social activity suffered a heavy blow around 15 years ago. Between 2006 and 2007, the four parts of the United Kingdom brought in new laws prohibiting smoking in public places, with Scotland being the first to take the leap. I bear a sliver of responsibility: I worked for the House of Commons [...]
LSE-listed Kanabo to buy distributor and stoke European cannabis uptake July 26, 2021 Kanabo, the first medical cannabis company to list on London’s top market, is set to buy a distributing company as it plots expansion into Europe. The deal with Materia, a processor and distributor of medical cannabis and CBD products, will make Kanabo Europe’s largest public cannabis company. Kanabo’s board has been eyeing new partnerships to [...]
Anthony Joshua becomes shareholder in CBD firm Love Hemp June 21, 2021 British boxer Anthony Joshua has become a shareholder in Love Hemp, the UK’s leading CBD and hemp products supplier. Joshua has signed a three-year endorsement deal from next month when he will take up the role of international ambassador for the brand. Love Hemp will also collaborate with the two-time heavyweight champion on a licenced [...]
Isle of Man opens licence applications for new cannabis export sector June 11, 2021 The Isle of Man Government has opened licence applications for the production, distribution and export of medicinal cannabis products from the island. It marks a major step in the IOM’s bid to be a world-leading exporter of medicinal cannabis, which will provide economic investment and development for the island. “I am delighted to welcome licence [...]
Painkiller maker Oxford Cannabinoid Technologies debuts on London’s market May 21, 2021 Oxford Cannabinoid Technologies (OCT), which makes painkillers using cannabis components, has debuted on the London Stock Exchange this morning, offering £0.01 per share. The UK-based company, a pre-revenue pharmaceutical company developing cannabinoid-based prescription medicines, will begin trading on the capital’s main market at 8:00 this morning. Offering around 960m ordinary shares, OCT is set to [...]
Snoop Dogg-backed company making painkillers from cannabis to list in London May 18, 2021 A pharmaceutical company that develops cannabinoid-based prescription medicine and is backed by Snoop Dogg will list on London’s main market later this week. The listing is expected to take place on Friday 21 and will value the company at around £48m. The public offering has been heavily oversubscribed. Oxford Cannabinoid Technologies (OCT) aims to develop [...]
Exclusive: Medical cannabis company chaired by former Lord Mayor of London to float on LSE May 12, 2021 Hellenic Dynamics, a medical cannabis cultivation business, plans to list on the London Stock Exchange next month, in a move likely to give the budding business a valuation of £50m. The group will list on the main market of the London Stock Exchange via reverse takeover into a shell company. “What we were looking for [...]
Exclusive: EU’s biggest hemp producer sees profits grow 616 per cent in 2020 May 3, 2021 HempFlax saw its profits before tax skyrocket 616 per cent in 2020 to €659,000, as demand grew for its construction materials and CBD. The EU’s biggest hemp grower, headquartered in Holland, saw full year revenues up 43 per cent to €14.5m in 2020, with EBITDA increasing 63 per cent to €1.8m. The numbers were in [...]
Back of the net: Beckham-backed cannabis company scores soaring market debut February 26, 2021 UK-based Cellular Goods, a cannabis company backed by David Beckham, has seen its stock price soar on its first day trading on the London Stock Exchange (LSE). The company’s share price rocketed 310 per cent in early trading, continuing the trend of cannabis-related companies listing on the stock market in the UK and then soaring [...]
Exclusive: Purity Hemp CEO on the UK’s fast-growing medical cannabis market February 24, 2021 After losing his sister to cancer and his best man to an opioid addiction, Canada-born, London-based Michael Walker felt he should explore alternative healthcare options so not to rely on Big Pharma. The former head of marketing at Heathrow Express left the advertising industry in 2016 to set up his own company, the Purity Wellness [...]