“Cannabis, auctions, digital assets and renewables companies line up for London IPOs” Cannabis, auctions, digital assets and renewables companies line up for London IPOs
Please freetrade any news on London IPOs lined up to add to the platform. Our any got info.
I was also potentially interested in Kanabo, did a bit of digging but couldn’t find anywhere anything that resembled a business plan or any indication that they had, or would have any time soon, any revenue! Other than being listed on the LSE and that there probably will be a regulatory change for medicinal cannabis at some point from which they might be able to garner sales, I couldn’t see the business model. Anyone have thoughts/more in depth insight on this?
Read their webpages. They are in the medicinal cannabis market for things like sleep disorders. You can contact them on their Investor page for more info.
Thanks Pipz, yes I did see their very broad mission statement on their website. But looking through their website and reporting didn’t get any sense of which markets they were licensed to operate in and any type of current revenue or projected sales figures. I can see from the IPO that they’re roughly valuing the company around £20m but can’t find anything fundamental to contextualise that valuation or give an indication for future growth.
I agree it’s extremely vague that’s why I suggested contacting them instead.
Not knowing what laws will change on the medical frontier regarding medicinal cannabis requires more reading, if you can find any info that is. 
Edit: Cannabis stocks rally after Chuck Schumer leads drive for reforms that may end federal prohibition
https://www.marketwatch.com/story/cannabis-stocks-rally-after-chuck-schumer-leads-drive-for-reforms-that-will-end-federal-prohibition-11612292635
I’m not sure the British Government will take this route though.