Member Info for caitlin1

Tobacco firm Imperial Brands is investing in UK biotech company Oxford Cannabinoid Technologies (OCT).

The move comes as campaigning to allow marijuana products for medicinal purposes gathers pace.

A company subsidiary, Imperial Brands Ventures, is taking a stake in the UK firm, but its size is unknown.

Tobacco companies are trying to diversify away from their core product. Imperial's website bears the motto: "From tobacco to something better."

Imperial now sees itself as "a dynamic fast-moving consumer goods company borne out of a strong tobacco heritage".

OCT is a firm licensed by the UK Home Office that researches, develops and licenses cannabinoid-based compounds and therapies.

Imperial Brands' chief development officer, Matthew Phillips, said: "Our investment enables Imperial to support OCT's important research while building a deeper understanding of the medical cannabis market."

Big companies are scrambling to grab a share of the $150bn (£119bn) global cannabis market, eyeing products as diverse as beer and dog treats.

That's according to a report by Standard & Poor's which predicts further expansion as legal cannabis becomes acceptable.

The report by the ratings agency says growth may be volatile, because of the changing regulatory framework.

But it points to growth in sectors such as healthcare, alcoholic beverages, soft drinks, tobacco, beauty and healthcare.

Down down down.

I'm in.

I'm in here.Drip feed for a year.I like the look of Bats too.

This is going down the plug hole.

Sorry to here of your loss.regards Caitlin.

200p dream on.This has sub pound written all over it.

99p shop

This is creeping up.

This is going sub 50 that's for sure.More like a days wages.

Will be buying anything sub 50.Coming sooner than I thought.

Sub 50p.

O dear

This is going down.Target 4:00.

This share has alot futher to fall.The big boys know something.Short this and make money.

This is going sub 5.00.I have a buy set at 4.99.

Falling like a knife.Down over 4 per cent already

7.45

Short this big time.