A Big Tobacco company which invested in a medical cannabis startup will not influence how the smaller firm is run, according to bosses at Oxford Cannabinoid Technologies.
The UK-based firm secured funding earlier this year from Imperial Brands and other businesses including venture capital firm Casa Verde Capital – founded by hip-hop star and renowned cannabis enthusiast Snoop Dogg. The largest partner remains Kingsley Capital Partners, a London-based venture capital firm.
Imperial will be taking a hands-off approach.
OCT managing consultant Fraser Schurer-Lewis said: “Imperial’s investment represents only a small percentage of the total value of OCT. Imperial Brands has no management input or direction into the work of OCT.”
Restricted content. Do you want to read more?
Sign up NOW for 7 days FREE TRIAL and access our briefings section
CBD-Intel provides impartial, independent and premium market and regulatory analysis, legal tracking, and quantitative data for the cannabidiol (CBD) sector worldwide. Most content is available to subscribers only.
This report will enable you to identify pricing differences and the range of pricing for product types across different markets, understand possible reasoning for pricing differences across different markets, and identify price points for strategy development and price setting.