Kanabo Group Shares Rise on Completion of Milestones

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by Sabella Ojes

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Shares of Kanabo Group Plc were raised on Thursday by the company saying it has successfully completed the milestone set in its January 2021 prospectus.

The UK-based medicinal-cannabis company said several milestones – including the first commercial sale of a new product line that adds to its range of retail CBD products – were achieved in a short period of time after being admitted to the group. Was. trading in february

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“It’s clear from the recent announcements that the company has a unique offering for investors and ambitious plans, which it is well positioned to deliver,” said Andy Morrison, non-executive director at Kanabo.

The London-listed company also said that 38.5 million new deferred idea shares with a total value of £2.5 million ($3.4 million) would be allotted and issued in due course.

Shares were up 2.75 pence, or 24%, at 14.25 pence at 1317 GMT.

Write to Sabela Ojea at [email protected]; @sabelaojeaguix

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