The House of Green Ltd plans to raise between £1.5m and £2m via a private offer to help it become the largest commercial cannabis grower in Guernsey.
The fundraising by the Guernsey-based company is not eligible for EIS relief and there are no immediate plans for a flotation. Management currently owns two-fifths of the company.
The House of Green (www.thehouseofgreen.gg) has 15 acres of greenhouses under lease and the plan is to commence cultivation during the first quarter of next year. There should be production from partner growers in the coming weeks.
A 20,000 square foot extracti...
