THE WHAT? Scottish CBD brand Voyager is set to list on Aquis Stock Exchange Growth Market.
THE DETAILS The cannabidiol and hemp seed product manufacturer previously launched a crowdfunding campaign in February this year via Seedrs, raising £874,000, while also having raised £741,000 privately. This included a £100,000 investment from Greencare Capital.
The company is expected to list in the second quarter.
THE WHY? Voyager CEO Nick Tulloch cited the solid growth rate of the CBD market as a catalyst for the decision.
He said, “We believe this is a sector with significant growth potential and our focus has been on building our product range alongside a robust approach to assurance and compliance as strong foundations to build the brand and the business.
“At the time of our crowdfunding campaign in February 2021, we were clear with investors that our aspirations were to take Voyager onto the public markets when the time was right.
“The progress made by the business, coupled with strong investor backing, has enabled us to realise these plans far more rapidly than we originally envisaged.
“We believe that Aquis provides an ideal platform for Voyager to continue to build its profile and provide our investors with liquidity whilst maintaining the company’s EIS-qualifying status.”