FOLLOWING a few weeks of relative positivity for many of the stocks listed on the London Stock Exchange (LSE), the market chaos caused by the UK Chancellor’s ‘mini budget’ has wiped £22,328,775 from the collective market value of LSE-listed cannabis stocks.
This erased Cellular Goods’ near 30% following the announcement of plans for a merger with Cannaray, marking the first of what is expected to be many consolidation deals to come in the UK cannabis sector.