(Alliance News) - Voyager Life Ltd on Monday announced its intention to float on the Aquis Stock Exchange Growth Market.
The CBD and hemp seed oil products firm is planning to float in the second quarter of 2021.
Founded in November last year, Voyager launched a crowdfunding campaign through Seedrs in February, raising GBP874,000. It announced that this month, a further GBP741,000 was fundraised privately. This included GBP100,000 from Aquis-listed Greencare Capital PLC, an investment company focused on medicinal cannabis, Voyager said.
"We believe this is a sector with significant growth potential and our focus has been on building our product range alongside a robust approach to assurance and compliance as strong foundations to build the brand and the business," said Voyager Chief Executive Nick Tulloch.
"The Voyager team has extensive industry experience and our oversubscribed crowdfunding along with the strong support in our more recent fundraising underlines the significant investor appetite for our approach."
The CBD market is expected to grow significantly in the near future, with the UK being one of the world's largest markets.
Shares in Greencare were untraded at 31.00 pence in London on Monday morning.
By Will Paige; willpaige@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.