SA medical cannabis company - CiloCybin Holdings plans to list on the JSE again — this time with the backing of Malaysian biotechnology firm ALPS Global Holding. Moneyweb Cannibis
Five months after pulling a planned initial public offering South African medical cannabis company Cilo Cybin Holdings plans to try again — this time with the backing of Malaysian biotechnology firm
Global will underwrite a Cilo Cybin special purpose acquisition company, or SPAC, with R54 million and take a majority stake in the Pretoria-based company with the aim of listing it in Johannesburg by mid-year. Gabriel Theron in Cilo Cybin’s facility in Samrand, South Africa. “The underwriting of the SPAC will allow the firm to list by way of introduction on the Alternative Exchange in Johannesburg,” said Gabriel Theron, Cilo Cybin’s founder, in an interview.
that focus on wellness, biotechnology and medical services. Its initial attempt to list failed after capital raising was slower than anticipated and negotiations then began with chief executive officer and founder, Tham Seng Kong, in the same interview. “Cannabis is only the beginning.” Cilo Cybin is named after the psychoactive substance in magic mushrooms, which it plans to research and market products from. The SPAC deal will result in
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