Eight Capital Ptnrs. - Investment in Greencare Capital plc
RNS Number : 2452Y
Eight Capital Partners PLC
30 December 2019
 

 

 

 

 

Eight Capital Partners plc

 

("Eight Capital" or the "Company")

 

Investment in Greencare Capital plc

 

·    Investment of £280,000 in newly quoted NEX investment vehicle Greencare Capital plc ("Greencare")

·    Investment represents an interest in 21.2% of Greencare

·    Greencare's investment strategy is to invest in the European medicinal cannabis, hemp and CBD wellness sectors

The Board of Eight Capital is pleased to announce an investment in aggregate of £280,000 into Greencare Capital plc in two rounds prior to and on admissionGreencare is focused on the rapidly changing regulatory environment surrounding legal Medicinal Cannabis as well as investment opportunities within the Hemp and CBD wellness sectors and other plant-based medicines.  Greencare was admitted to trading on the NEX Exchange Growth Market ("NEX") today raising £515,000 on admission.

 

Greencare aims to identify investment opportunities in the cannabis sectors predominantly in Europe and its directors are aware of a number of potentially attractive investment opportunities such that they are hopeful that an investment may be made in the short termWhereas many investors are focused on production, the first target investment of Greencare is a company with a market leading position in the distribution of cannabis and related products in its home country, one of the largest European economies. 

 

This investment in Greencare fits with Eight Capital's strategy of investing in financial services including investing companies.  The Board of the Company recognised the significant potential in the wellness industry in particular in the fast developing cannabis investment market globally and are excited to have been able to be one of the founding investors in Greencare.

 

Disclosures

 

A company beneficially owned by Eight Capital Partners' Chairman Dominic White (E Value One Ltd) is also a founder investor in Greencare and a significant shareholderWhilst the Company and E Value One Ltd invested alongside each other, Eight Capital operated its processes transparently and with independence of decision making

 

The directors of the Company take responsibility for this announcement.

 

Eight Capital Partners plc

Dominic White

 

+44 20 3808 0029

info@eight.capital

 

Cairn Financial Advisers LLP

NEX Exchange Corporate Adviser

Jo Turner / Liam Murray

 

+44 20 7213 0880

 

 

 

 


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