Here he is again !

The British company raised gross proceeds of £16.5 million ($23.4 million) in its initial public offering, with a starting market cap of just over £48 million ($69.1 million).

Snoop Dogg has invested in multiple cannabis start-ups including OCT through his venture capital firm Casa Verde.

CNBC reports

LONDON — Oxford Cannabinoid Technologies, which enjoys backing from rapper Snoop Dogg and tobacco giant Imperial Brands, launched Friday on the London Stock Exchange.

The British company, which specializes in pain-alleviating cannabinoid drug development, raised gross proceeds of £16.5 million ($23.4 million) in its initial public offering, with a starting market value of just over £48 million ($69.1 million).

The share price hovered at around 5 pence at midday Friday, after opening near 8 pence.

Snoop Dogg, real name Calvin Broadus Jr., has invested in multiple cannabis start-ups including OCT through his venture capital firm Casa Verde. His firm has also backed plant-based food companies such as Outstanding Foods and tech names like Klarna, Robinhood and Reddit.

Cannabinoids are naturally occurring compound chemicals found in the cannabis sativa plant and are commonly used for medicinal purposes to treat symptoms such as chronic pain.

More at. https://www.cnbc.com/2021/05/21/medical-cannabis-firm-backed-by-snoop-dogg-begins-trading-in-london.html