Love Hemp Group PLC on Monday said it is in talks over appointing a new corporate advisor following the resignation of Peterhouse Capital.
Peterhouse resigned as its corporate advisor after an investor in February’s placing failed to complete their investment of £1.2 million.
The supplier of cannabidiols and wellness products is now in discussions with a new advisor and expects to announce an appointment soon. It needs a new advisor in order to resume share trading on the AQSE Exchange.
The company also commenced a review of the events that led to the suspension in trading. Following the conclusion of the review, the company is expected to put into place any additional measures that are recommended to prevent a similar issue occurring in the future.
Love Hemp added that, following a board structure review, it has started a search for a chief financial officer and another independent non-executive director.
Executive Chair Andrew Male said: ‘The board believes Love Hemp has significant growth opportunities and our review is designed to support this growth and enhance long term shareholder value.’
Copyright 2022 Alliance News Limited. All Rights Reserved.
