Wave of European Cannabis firms to list in 2020, analyst says

LONDON: Up to five companies active in the cannabis industry could go public in 2020 in Europe, a continent whose stock markets have largely missed out on the North-American"pot stocks" frenzy, a leading industry analyst said on Thursday.

"I think there will be 4 or 5 companies quoted in twelve months time", Nikolaas Faes, an analysts for Bryan Garnier told Reuters on the sidelines of a cannabis industry conference. There has been speculation that London-based medicinal cannabis company Emmac could go public. In 2019, Emmac took over GreenLeaf, a French hemp-based and cannabis healthcare company and Swiss cannabis-based health company Blossom.A spokesman for Emmac said an IPO remained an option but no longer for the current calendar year.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesia aims to replace some top civil service jobs with AI in 2020JAKARTA (REUTERS) - Indonesian President Joko Widodo on Thursday (Nov 28) ordered government agencies to remove two ranks of public servants in 2020 and replace their roles with artificial intelligence, in a bid to cut red tape hampering investment.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US stocks to keep climbing in 2020 but growth well below this year's: Reuters pollNEW YORK: U.S. stocks will keep rising in 2020 but at a much more modest pace than this year, with plenty to potentially slow the ascent, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »