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
This article is for subscribers only.
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.