LONDON (Alliance News) - GoTech Group PLC shares fell 16% on Thursday after the company said it is seeking shareholders' approval to cancel its shares from AIM trading and be admitted to the NEX Exchange Growth Market.
Shares were trading down 16% at 0.29 pence.
The cash shell said it wants to be admitted on the NEX as a NEX investment vehicle taking advantage of the "growing market of medicinal cannabis".
On admission to NEX, GoTech will change its name to High Growth Capital PLC.
GoTech trading on AIM will be suspended on June 21, trading on NEX is set to begin on June 22.
Gotech Group (GOT)