In a recent interview with Sativa Wellness Group Inc (LON:SWEL) Executive Chairman Geremy Thomas we asked “What do you think of the recent success of new listings that are in your sector?”
We welcome them. I think the FCA made it clear that CBD and medicinal cannabis companies were welcome on the London exchanges and we’ve seen recently a number of companies come to the market and I think there a number more that we will see in due course.
Kanabo Group plc (LON:KNB) came to the market in some style a couple of days ago, they now have a market cap of over £100 million and I think that makes Sativa Wellness Group at £12 million cheap.
So, yes, we welcome them and we look forward to a much higher level of investor interest in our sector.
Today Cellular Goods Plc (LON:CBX) a company backed by David Beckham has begun trading on the London Stock exchange having raised £13million.
Speaking to Geremy about the IPO he told us, “Sativa Wellness Group welcome Cellular Goods to the London markets. Much like Kanabo last week investor demand is strong. These new market capitalisations make Sativa, a well established CBD therapeutics business, look undervalued.”
You can watch the latest interview here: