11th Jan 2021 15:44
Spinnaker Opportunities PLC - cash shell - Confirms it is undertaking an investor roadshow as part of a proposed reverse take-over of Kanabo Research Ltd, a medicinal cannabis company. Notes article published in Monday's Financial Times as well as the televised interview, featured on Sky News, where Kanabo announced its plan to list shortly on the London Stock Exchange.
Chair Andy Morrison: "The board of Spinnaker is pleased to see that the [reverse take-over] is progressing well. We are particularly delighted with the range and quality of interest being shown from the UK investment community in the proposed acquisition, and are increasingly confident that shareholders can expect completion of the RTO shortly, subject to [UK Financial Conduct Authority] and other relevant approvals."
Shares in Spinnaker are currently suspended.
By Anna Farley; [email protected]
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