The heavily over-subscribed offer of stock was completed at 5p a share. Cellular ended its first day of trading at 19p
FastForward Innovations Ltd () said it invested £17,215 in the £13mln IPO share placing by the David Beckham-backed ().
The heavily over-subscribed offer of stock was completed at 5p a share. Cellular ended its first day at 19p.
FastForward describes itself as an investor in “fast-growing and innovative businesses”. Cellular is creating skincare and athletic recovery products from biosynthetic cannabinoids.
FastForward chief executive Ed McDermott said: “We are pleased to see another CBD wellness company IPO here in London.
“Once again, the allocations were disappointing due to a significantly oversubscribed book.
“However, we are very excited that the London Stock Exchange is fast becoming a destination for both medical cannabis and over the counter cannabinoid wellness companies.”
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