BREAKING: AFRICAN CANNABIS FIRM LAUNCHES IPO

BREAKING: AFRICAN CANNABIS FIRM LAUNCHES IPO

Cilo Cybin said it’s revived a plan to list on the stock exchange in Johannesburg.

The special purpose acquisition company is opening the sale of 10% of its shares on Thursday and aims to raise 7.1 million rand ($381,000), it said in a statement.

An earlier attempt was called off after capital raising took place slower than anticipated. The company is backed by Malaysian biotechnology firm ALPS Global Holding Bhd.

Detail found here:

https://www.moneyweb.co.za/news/south-africa/sa-cannabis-firm-moves-toward-ipo-in-johannesburg/