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Cantourage, SynBiotic CEOs Eye Funds After Germany Green-Lights Cannabis

Cilo Cybin Pharmaceutical Ltd. Receives South Africa’s First Cannabis Approval
Photographer: Waldo Swiegers/Bloomberg

Hi, this is Eyk in Frankfurt. In today’s Bloomberg Deals newsletter, I speak with two cannabis company CEOs in Germany about legalization and fundraisings. There’s also news of the start of a giant logistics sale and the first U.S. IPO by a Chinese company since the Didi drama. 

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Germany’s new coalition government plans to legalize recreational cannabis. While exact details on how to partake are still being hammered out, the step is seen as icebreaker for the European weed market. —Eyk Henning