- Technology company investor Vela Technologies has generated proceeds of £233,801 through a disposal of 1,000,000 shares in Kanabo at a price of 23.5p per share which will be used to make further investments.

On 6 February 2021, Vela announced it had invested £150,000 in Kanabo in conjunction with its reverse takeover acquisition of Kanabo and its admission to trading on the main market of the London Stock Exchange.

The disposal reflects a net profit of £168,801 after it originally subscribed for 2,307,692 shares in Kanabo at a price of 6.5p per share.

It continues to hold 1,307,692 shares in Kanabo.

At 2:01pm: [LON:VELA] Vela Technologies share price was 0p at 0.08p

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