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cbd energy ipo

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Cbd energy ipo

Cannabinoid, also known as CBD, is the non-psychoactive extract from cannabis that has a wide range of uses including relief from anxiety, depression and PTSD.

Cellular Goods PLC is raising £8mln through a share offering that would value it at £20mln.

Cellular said it is aiming to be the London Stock Exchange’s first pure-play consumer CBD brands business.

A company producing synthetic cannabinoids products that is understood to be backed by David Beckham’s DB Ventures has announced float plans.

“There is a burgeoning market for high-quality cannabinoid products but the industry is currently highly fragmented and there is no go-to name that consumers can trust across product categories.”

Traditionally farmed from hemp, Cellular’s lab-based approach provides an alternative to the expensive and time-consuming intensive agriculture currently required.

Joining them as a non-executive director will be DB’s commercial director, Ross Connolly, who has worked with clients such as Neymar, Harry Kane, Philippe Coutinho and Nico Rosberg.

Proceeds from the IPO will be used to develop and launch a new range of premium consumer products, prospective investors were told.