It took nearly two years to complete but the reversal of Israel-based cannabis-based products supplier Kanabo Research into standard list shell Spinnaker Opportunities, but it has been well received by investors. Kanabo Group (LON: KNB) has a significant valuation, but is there more to go in the short-term?
The reverse takeover was first announced on 27 February 2019 and completed on 16 February 2021. The initial value of the deal is £15m in shares and the company also raised £6m at a share price of 6.5p. Kanabo was valued at £23.4m when it was admitted to trading.
The share price has r...
