Skip to content

First Africa Cannabis SPAC to Go Ahead With Cilo Cybin Listing

  • Company is planning to raise as much as $114 million
  • Later acquisitions could include brain, genetics testing firms

Africa is about to get its first listing of a medical cannabis-focused SPAC, or special purpose acquisition company, when Cilo Cybin Holdings Ltd. raises money in Johannesburg later this year.

The company is seeking as much as 2 billion rand ($114 million), said Gabriel Theron, who leads the business. The share offer will open on Sept. 12 and close in November.