Peers to help medical cannabis firm Equinox cash in on London float

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Two peers will help medical cannabis company Equinox cash in when it lists on the London Stock Exchange this year.

Equinox is one of only a few businesses licensed by the Home Office to grow cannabis in the UK.

Yesterday the company announced plans to tap Londons junior AIM exchange for the cash to help build a 20-acre site to start making cannabis which it hopes to sell to the NHS.

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Equinox is targeting a significant share of the medical cannabis market in the UK by 2028, which it said could be worth 7.5bn.

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The businesss founder is also known for cannabis lifestyle brand Mr Nice which is stocked in Selfridges selling cannabis-themed clothing and CBD oil.

Among its backers are Lord Cholmondeley, the Lord Great Chamberlain and a descendant of Britains first Prime Minister Sir Robert Walpole. Eton alumnus Cholmondeley, 61, represents the Queen in Parliament and sits on Equinoxs board as a non-executive.

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