Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Ananda positions itself for medicinal cannabis revolution

Jeremy Sturges-Smith explains plans for Nex-listed company
Cannabis oils have a number of beneficial properties

Ananda Developments Ltd (LON:ANA) has positioned itself for the legalisation of medicinal cannabis in the UK.

The Nex-listed group raised £930,000 at a price of just under a ha’penny (£.0045) and is now looking for investments in the medicinal cannabis space.

WATCH: Ananda Developments 'building strong relationships in the medicinal cannabis space'

“We see a lot of health benefits and are excited about all of the people we can help with medicinal cannabis,” Jeremey Struges-Smith, Head of Investor Relations, told Proactive.

He emphasises the focus will be on medicinal cannabis, not recreational.

And though the group has yet to make an investment, it is talking to companies and is ‘quite a long way down the line’ on due diligence.

One of these operates out of Britain and is developing a technology platform to make the use of medicinal cannabis easier in everyday life.

Ananda is also looking further afield, in Israel and The Netherlands, where the regimes are more tolerant and also in Canada, which is soon to complete the legalisation process.

The end goal would be to make either a few investments or take a bet on one company and reverse a private vehicle into Ananda, says Sturges-Smith.

“The aim is to outlast as the initial excitement around cannabis once the market is fully regulated and to establish a platform on which we as a team can build something really exciting.”

Gap in the market

Sturges-Smith’s personal opinion is that medicinal cannabis will be legal in the UK within six months.

“There is a huge amount of movement and even when we started this company six months ago we didn't think it would be progressing as fast as now.”

Ananda offers an opportunity for retail investors to get exposure as a lot of London brokers will not trade on Canadian stocks especially Canadian cannabis stocks.

“There is huge demand and we saw a gap in the market.”

Join our Crypto, Blockchain and Cannabis Telegram group here
View full ANA profile View Profile

Ananda Developments Timeline

Related Articles

October 10 2018
Management behind ICC International Cannabis Corp has a clear buy, build and sell strategy
medical cannabis
October 01 2018
The companies will collaborate on activities to develop cannabinoid medicines as a medical option in Chile.
cannabis leaf and green tablets
October 29 2018
The company will now proceed with stage II of the human clinical trial.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use