Spinnaker Opportunities Share Discussion Threads

[currypasty] 03/1/2020 12:00

has the funding marketing begun?

[pgaffney] 05/12/2019 11:34

Dear Spinnaker Opportunities Plc (“Spinnaker221;) Shareholders and Friends,



You may have seen Spinnaker’s RNS announcement earlier this week that signalled our progress in bringing the acquisition of Kanabo Research Ltd (“Kanabo”;) towards a successful conclusion. We confirmed the execution of a binding Share Purchase Agreement, conditional on re-admission to trading on the LSE, and some bridge finance to enable Kanabo to continue to build sales in the intervening period.



The remaining steps in the process include equity marketing, approval and publication of a prospectus and then approval of the proposed transaction by a General Meeting of shareholders.



By the time the prospectus is published, the equity marketing will be finished. If you think you may wish to have further information about this, you should therefore register your interest through your stockbroker to Spinnaker’s corporate brokers Peterhouse Capital or SI Capital. You can then be contacted by them as and when marketing starts.



If you participated in a previous subscription with Spinnaker and/or if you believe you are an eligible Professional, High Net Worth and/or Sophisticated investor, then you may contact me with a view to being added to a Chairman’s list of possible direct subscribers. Those who register interest in this way will be contacted individually by me when marketing begins, and we will maintain an appropriate insider register.



Although we are confident, you will of course appreciate that even at this stage, there can be no certainty that the transaction will proceed. It’s been a long old journey for all of us, and we are excited about the future prospects of the company. We are unable to give guidance on forward timings, other than to say that we are doing all we can to make it happen as a soon as possible. I suggest that if you intend to register interest one way or another, that you do so by early January 2020.



You are receiving this email either because you consented to being on our mailing list prior to IPO or because you have since signed up or agreed to receive occasional updates. If you no longer wish to receive information, please reply to unsubscribe at any time.



Best,

Andy





Andy Morrison

Chairman, Spinnaker Opportunities Plc

[currypasty] 03/12/2019 09:23

"The successful completion of fundraising activities to be undertaken by way of a placing and direct subscriptions by new and existing investors "


any indications of price? I hope it is a significant premium to previous raises now we have moved forward

[currypasty] 31/10/2019 10:09

many thanks

[pgaffney] 31/10/2019 10:03

Had a brief chat with Mr Morrison last week,
He said things are progressing and he hopes the deal will be concluded before the end of the year.
Lets hope he is right

[currypasty] 31/10/2019 09:07

time for an update ?

[idlejack] 22/8/2019 11:42

This is the part of the article that amazed me, if it was a ten bagger I would be pleased. Interesting to see what happens. GLA
Investors have done well out of cannabis companies. If you had invested C$1,000 (£610) five years ago in a basket of top Canadian weed producers on the TSX, you would today have stocks worth C$35,000 (£21,350), an impressive 3,500 per cent gain, according to Canaccord Genuity.

[currypasty] 09/8/2019 16:38

quite a few companies looking for listing now

[idlejack] 25/7/2019 11:45

Thanks again CP for posting. I did got to the excel show on 12th. Very interesting, Andy's comment about slowing down the company to get a snapshot was very relevant. These guys are very good and know their business and the UK market. When we relist expect a steady stream of news.

[webpax] 19/7/2019 14:08

"In consideration of the Investment Commitment, which substantially underpins the minimum fund-raising required for the to-be enlarged company, the Company will pay a fee of 10 per cent of that part of the Investment Commitment that is taken up at completion."

If this is such a hot sector why are they having to pay people to invest? Sounds like they are struggling to get backers to me.

[idlejack] 19/7/2019 12:41

Hopefully we will find out who it is. He/she must be very confident in the company.

[currypasty] 19/7/2019 08:06

Kanabo Research Limited (the "RTO" or the "Proposed Acquisition"), the Company is pleased to announce the terms of a contractual investment commitment, via Peterhouse Capital Limited, for a maximum of GBP1.4 million (the "Investment Commitment") from a single professional investor, conditional on the completion of the Proposed Acquisition and admission to trading by an agreed long-stop date.

[currypasty] 04/7/2019 13:18

CBD expo kanabo there

[currypasty] 02/7/2019 08:48

Published on 1 Jul 2019


Israeli-based Kanabo Research could become the first cannabis firm to list on the main market of the London Stock Exchange.
The company, which has developed a vaporiser for the inhalation of medical cannabis, is planning to list through a reverse takeover by cash shell Spinnaker Opportunities.
Spinnaker has signed a head of terms to buy Kanabo and the deal is waiting on UK approval.
Chief executive Avihu Tamir sat down with Proactive’s Andrew Scott to talk about the deal and Kanabo's move towards the commercialisation of its VapePod device.



Raising 4-5 million, listing main market september

[webpax] 02/7/2019 08:31

Raising only £4m to £5m? Doesn't sound like there is much appetite for this.

[currypasty] 26/6/2019 10:39

The Annual General Meeting will be held on Wednesday 26 June 2019 at 11.30am at the offices of Bishop & Sewell LLP, 59-60 Russell Square, London WC1B 4HP.