Spinnaker Opports - Expiry of Investment Commitment
("Spinnaker" or the "Company")
Expiry of Investment Commitment
The Investment Commitment was extended by agreement with the investor, while the Company has been awaiting regulatory clearance to proceed with the transaction.
The investor has notified the Company that it will not extend the long-stop date beyond its current expiry on
Commenting on the developments,
"We would like to express our appreciation to the investor for their commitment since the arrangement was agreed in
For further information, please visit http://www.spinnakeropportunities.uk/ or contact the following:
Tel: +44 (0)20 7469 0930
Tel: +44 (0)1483 413 500 / +44 (0) 203 871 4038
Blytheweigh (Financial PR)
Tel: +44 (0) 207 138 3224
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
Notes to Editors
Kanabo is an
Kanabo is currently undertaking a pilot sales scheme to measure key performance indicators in relation to the sale of its range of THC-free CBD products. It is ready to scale up to meet market demands and projected sales and revenues and to grow the Kanabo brand through its marketing initiatives.
Kanabo's future long-term strategy involves continued research and development activities to develop a range of Unlicensed Medical Cannabis Oils, which will be sold alongside its vaporisation device, the VapePod Medical. It is intended that medicinal products will be sold as unlicensed medicines in the
This information is provided by RNS, the news service of the
Quick facts: Spinnaker Opportunities Plc
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