Snoop Dogg-Backed Oxford Cannabinoid Looks to List in London (1)

May 18, 2021, 8:05 AM UTC

Oxford Cannabinoid Technologies, which counts tobacco giant Imperial Brands Plc and rapper Snoop Dogg among its investors, is set to start trading Friday on the London Stock Exchange.

The company, which develops cannabinoid-based prescription medicines, has raised 16.5 million pounds ($23 million) from wealthy individuals and institutional investors in a placing, giving it a market value of about 51.5 million pounds, Chairman Neil Mahapatra said in an interview.

Snoop Dogg
Photographer: David Paul Morris/Bloomberg

Oxford Cannabinoid, known as OCT, is hoping to replicate the success of GW Pharmaceuticals Plc, a British company that made the first drug wholly derived from the cannabis plant to ...

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