#enterprise Fresh blow for Anthony Joshua as cannabis firm is fined £100,000
Fresh blow for boxer Anthony Joshua as cannabis firm he backs is fined £100,000 and sees buying and selling suspended
Anthony Joshua was dealt one other blow after his defeat to Oleksandr Usyk in Saturday’s world heavyweight title battle.
A cannabis firm the boxer backs was fined £100,000 yesterday and noticed buying and selling in its shares suspended.
Joshua, 32, is a shareholder in Love Hemp, which specialises in cannabis oils that may assist athletes get well from accidents.
Fine: Anthony Joshua (pictured in his rematch towards Oleksandr Usyk) is a shareholder in Love Hemp
But the firm is in scorching water over a £2million fundraising that occurred in February as some buyers who took half didn’t cough up the cash.
One of the buyers who pledged £1.2million didn’t produce the funds however Love Hemp failed to tell its shareholders and the markets till May 3.
Stock change Acquis, the place Love Hemp shares commerce, fined the firm £100,000 after an investigation and it has now been delisted.
Graham Mullis, chairman of Love Hemp, mentioned: ‘I am pleased the company has been able to resolve the situation with Acquis.’
It tops off a troublesome few days for Joshua who misplaced his rematch with Ukrainian Usyk in Saudi Arabia.