Europe's First Marijuana IPO Planned for Next Month

Daniel Liberto - finance.yahoo.com Posted 5 years ago

Danish firm StenoCare is set to list its shares in Copenhagen next month, becoming the first cannabis company in Europe to cash in on growing investor interest in the marijuana industry. According to a press release, the firm hopes to raise 18.6 million Danish crowns ($2.9 million) on Copenhagen’s Spotlight exchange. The company, which was founded last year and has since become the first to get clearance to cultivate, produce as well as import medical cannabis in Denmark, plans to start growing marijuana plants next year.

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