FT article11 Jan 2021 14:38
Emmac, one of Europe’s largest cannabis groups, has also previously flagged its intention to float in London.
Antonio Costanzo, co-founder and chief executive, told the Financial Times that “we have a few options on the table and one is listing in London”, adding that the FCA’s announcement last year had been “welcome”.
The second licence under UK rules — and the first in more than 20 years — has also recently been granted to grow medical marijuana on a commercial basis. Jersey-based start-up Northern Leaf was in December awarded the permit to grow cannabis for medical use by the government of Jersey under UK Home Office rules. It plans to start supplying drugmakers in the UK, Denmark, Germany, Spain and Portugal by the end of this year.
“Demand is increasing globally and the market is currently undersupplied,” said Campbell Dunlop, chief executive.