Sativa Investments (LON:SATI) has appointed Cenkos as their new corporate broker and advisor.
Sativa Investments thanked their prior broker Peterhouse in the release who oversaw the listing of Sativa on the NEX Exchange 15 months ago.
Geremy Thomas, founder and Chief Executive Officer of Sativa Investments commented:
“Cenkos is a top-ranking financial adviser and broker and has demonstrated its knowledge of the medicinal cannabis and CBD wellness industry by recently publishing a world-class and highly detailed industry note.
“Cenkos’ appointment is in line with Sativa’s progression from, in only 15 months, being the UK’s first listed medicinal cannabis investment vehicle to its transition to a fully operational seed-to-consumer trading business.
“The UK medicinal cannabis industry has significant growth opportunities and we look forward to working with Cenkos on the Company’s next phase of development, which will include engaging with major institutional investors who are now showing an interest for medicinal cannabis and CBD wellness equities.”
Name change to Sativa Group
The change in broker comes hot on the heels of a proposed change in the name to Sativa Group at the recent Annual General Meeting.
The cannabis group has secured a number of deals in the past few months including a supply agreement with a Swiss firm as the group establishes a model thats places Sativa as a purchaser of raw materials as opposed to a producer in what the company calls a ‘smart-sourcing strategy’.
The company is set to open its first Goodbody & Blunt CBD and wellness outlet in Bath later in June.
UK cannabis listings
Sativa Investments was the first cannabis companies to list in London some 15 months ago and is one of a handful of early stage cannabis companies listed in the UK.
While Sativa Investments joined the market as a cannabis company through an IPO, others have shifted their operations to cannabis from other sectors. Highlands Natural Resources, for example, was operating shale exploration in Colorado before raising funds to launch a vertically integrated cannabis business.