Medical cannabis firm backed by Snoop Dogg begins trading in London

By Elliot Smith

LONDON — Oxford Cannabinoid Technologies, which enjoys backing from rapper Snoop Dogg and tobacco giant Imperial Brands, launched Friday on the London Stock Exchange.

The British company, which specializes in pain-alleviating cannabinoid drug development, raised gross proceeds of £16.5 million ($23.4 million) in its initial public offering, with a starting market value of just over £48 million ($69.1 million).

To read more:

Leave a Reply

Your email address will not be published. Required fields are marked *