Medical cannabis group Northern Leaf has hired bankers to pave the way for it to make its public market debut
A producer of medical-grade cannabis has hired bankers to pave the way for it to make its public market debut.
Sky News has learnt that Jersey-based Northern Leaf is working with finnCap Cavendish on a listing plan that could see its shares begin trading as soon as this summer.Northern Leaf, whose shareholders include AIM-listed SEED Innovations, raised £3m in a pre-IPO funding round earlier this year. Founded in 2019 by Gerald Snyman, an agricultural entrepreneur, it is partly owned by Chrystal Capital Partners and a consortium of Jersey-based private investors.Frank Walker, Jersey's former chief minister, has been lined-up to chair Northern Leaf's board, while Paul McCabe, who was previously the island's chief pharmacist, is the company's head of quality and regulation.
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