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: Cannabinoid company backed by rapper Snoop Dogg headed for London IPO

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Oxford Cannabinoid Technologies, the pharmaceutical company developing cannabinoid-based prescription medicines, has announced plans to list on the London Stock Exchange later this week.

OCT said on Tuesday that it had raised £16.5 million ($23.4 million) from institutional investors and wealthy individuals, including Casa Verde, the investment fund co-founded by rapper Snoop Dogg, and tobacco group Imperial Brands, in a placing that values the company at £48 million ($68 million).

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