Snoop Dogg’s Oxford Cannabinoid Technologies debuts on London Stock Exchange
Oxford Cannabinoid Technologies Holdings PLC (LON:OCTP), a medical marijuana firm backed by rapper Snoop Dogg, debuted on the London Stock Exchange today. The British firm is developing prescription cannabinoid drugs aimed at relieving pain. Q1 2021 hedge fund letters, conferences and more Oxford Cannabinoid Technologies debutsOCT raised £16.5 million (US$23.4 million) in its initial public offering, starting with a market value of a little over £48 million (US$69.1 million). The stock opened at around 8 pence and fell to hover around 5 pence toward the middle of the day. OCT is a pre-revenue ...