Mattioli invests in medicinal cannabis group

Mattioli Woods co-founder Ian Mattioli has been named as non-executive chair of medicinal cannabis company Kanabo Group with immediate effect.

Mattioli is also investing £500,000 in the group’s £2.54m fundraise.

“With its leading-edge technology and disruptive products, Kanabo is poised for significant growth in the digital health sector,” said Mattioli.

“I am keen to contribute my experience and knowledge to support Kanabo in its future success.”

Mattioli is still the chief executive of Mattioli Woods, the pensions and wealth management consultancy which employs around 900 people.

He is also a non-executive director of stock market-listed Custodian Property Income REIT, which he founded in 2014.

David Tsur, who has been chair since Kanabo floated in February 2021 and will move to deputy chair, said: “We are delighted to welcome Ian to the leadership team as we embark on a year of growth and expansion into new markets and services.

“His experience and understanding of London’s capital markets will be invaluable as we work to advance our strategic goals for the company.”