Trading

Aquis fines CBD maker Love Hemp over ‘misleading’ fundraise announcement

Investors were left in the dark that funds hadn’t yet been provided at the time of an announcement, exchange said

Fine is the latest challenge to investors interested in the weed market
Fine is the latest challenge to investors interested in the weed market Photo: Jill Connelly/Getty Images

Aquis Stock Exchange has fined cannabidiol maker Love Hemp after it failed to tell investors that a promised fundraise had not materialised.

Love Hemp announced on 8 February that it had completed a £2m fundraise, as investors look to cash in on a trend towards cannabis legalisation around the world and the increasing popularity of medical marijuana.

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