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The primary hashish firm to stage an IPO on the London Inventory Change will this week set up a Metropolis veteran as its chairman and unveil a multimillion-pound fundraising.
Sky Information has learnt that Kanabo Group, which produces medicinal hashish merchandise and operates an NHS-approved telehealth service, will announce on Tuesday that Ian Mattioli will turn into its new non-executive chairman.
Mr Mattioli, co-founder and chief government of the pensions and wealth administration consultancy Mattioli Woods, may also make investments £500,000 in Kanabo shares as a part of a £3m money name.
Current administration and different shareholders may also take part within the share sale, in line with insiders.
He’ll substitute David Tsur, who has chaired Kanabo because it went public in February 2021 and has now turn into deputy chair.
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Mr Mattioli’s recruitment is prone to be well-received by traders who’ve seen Kanabo’s inventory hunch by practically a 3rd over the past 12 months.
The corporate now has a market worth of lower than £14m.
It has seen a string of boardroom departures in current months.
In March, Kanabo launched Deal with It, a brand new service targeted on power ache administration utilizing plant-based drugs and coverings unavailable by conventional channels.
A spokesman declined to touch upon Mr Mattioli’s appointment or its impending fundraising.
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