Business & Investment

A companion helping medical cannabis company Equinox monetize on London Float

A companion helping medical cannabis company Equinox monetize at the next London Float


When listed on the London Stock Exchange this year, two peers will help the medical cannabis company Equinox monetize.

Equinox is one of the few companies licensed by the Home Office to grow cannabis in the United Kingdom.

The company yesterday announced plans to exchange London’s Junior AIM Exchange for cash to build a 20-acre site to begin producing cannabis. I would like to sell this to the NHS.

Director: Sir David Chalmondery of Great Chamberlain and his wife Rose Hanbury, descendants of the first Prime Minister of the United Kingdom, Robert Walpole.

Equinox aims for a “significant share” of the UK medical cannabis market and states that it is worth £ 7.5 billion by 2028.

The founder of this business is also known as Mr Nice, a “cannabis lifestyle brand” in stock at Selfridge, which sells cannabis-themed clothing and CBD oil.

Among its supporters are Sir Chormondery, Sir Great Chamberlain, and descendants of Britain’s first Prime Minister, Robert Walpole. Eaton’s graduate, Cholmondeley, 61, represents the Queen of Parliament and is a part-time member of Equinox’s board of directors.

According to Tatler, he married a 24-year-old ex-model Rose Hanbury in 2009 at Chelsea Town Hall and has three children.

Another supporter is Tory peer Baroness Manzoor, 63, a former chairman of the Bradford Health Department and an independent non-executive director of the company.

Co-founder and CEO Xan Morgan said the UK medical market is one of the largest markets in Europe and could become a “British champion”.

He states: “We have one of the first commercial-scale medical cannabis cultivation and production licenses issued by the UK Home Office.” It was 3 that announced the intention of the IPO yesterday after London was hit by a float fever. It was one of the companies.

Other companies that lined up IPOs were battery technology company Gelion and e-learning and regulatory technology company Skillcast.

Skillcast has raised £ 3.5 million and is valued at £ 33.1 million. The company serves leading companies such as Schroders, Fresnillo and British Land.

Gelion will raise £ 16m of shares at 145p. This means it’s worth £ 154.37 million. It will be listed on the exchange from Tuesday and the skill cast will float on Wednesday.

Fuel, a plant-based meal replacement maker, also hired Goldman Sachs and JP Morgan as advisors to consider options such as sales, but levitation is the preferred choice.

Founder Julian Hahn will have hundreds of millions of pounds worth of wealth as beverage makers are preparing for a list in London worth up to £ 1 billion.

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A companion helping medical cannabis company Equinox monetize on London Float

https://www.dailymail.co.uk/money/markets/article-10243869/Peers-help-medical-cannabis-firm-Equinox-cash-London-float.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 A companion helping medical cannabis company Equinox monetize on London Float

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