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Seed (SEED) Share News

IN BRIEF: Seed Innovations plans to start GBP850,000 buyback

19th Sep 2023 19:41

Seed Innovations Ltd - investment firm focusing on early-stage health, wellness and medical cannabis companies - Intends to start share repurchase programme for up to a maximum of 21.5 million shares or GBP850,000. Follows talks between the board and certain key shareholders which considered the current 57% discount in the share price relative to the last reported net asset value. Sets maximum price of 6 pence per share. Chief Executive Ed McDermott comments: "This programme is a reflection of our strong financial position and our commitment to returning value to our shareholders." Read More

UK shareholder meetings calendar - next 7 days

13th Sep 2023 15:48

Read More

Seed Innovations sells most of Avextra interest for EUR2.9 million

11th Sep 2023 10:05

(Alliance News) - Seed Innovations Ltd on Monday said it sold most of its interest in Avextra AG, formerly known as Eurox Group, for around EUR2.9 million. Read More

IN BRIEF: Seed cuts value of investment in OTO after fundraise

8th Sep 2023 19:23

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Provides updates from two portfolio companies, Northern Leaf PLC and OTO International Ltd. Says Northern Leaf has been accredited good agricultural and collecting practice by Control Union Medical Cannabis Standard for its cultivation facility in Jersey. Adds supply agreements have been received for initial sales into Germany and Australia, with a number of other supply agreements into various jurisdictions under discussion. Further, says OTO has recently undertaken a fundraise to fund working capital through to the end of 2023. Explains fundraise is at a significant discount to OTO's indicative enterprise value. As a result, Seed is impairing the combined loan and equity position by around 75% in light of both the tough current market conditions and likely needs of OTO to raise further funding in 2024. Read More

TRADING UPDATES: Tintra receives bid approach; NCC trading in line

7th Sep 2023 20:27

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

Agronomics raises investment in alternative palm oil firm Clean Food

14th Aug 2023 09:16

(Alliance News) - Agronomics Ltd on Monday said it has invested in Clean Food Group Ltd, a fermentation-derived palm oil company. Read More

Seed Innovations notes investee Clean Food teams up with Alianza Team

8th Aug 2023 11:53

(Alliance News) - Seed Innovations Ltd on Tuesday said its investee Clean Food Group announced a strategic collaboration with Alianza Team, a Latin American food production and lipid-based technology company. Read More

Seed Innovations delivers positive news from two portfolio holdings

3rd Aug 2023 17:16

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Notes statement from Portage Biotech Inc, in which company holds 0.2% stake. Portage reported it is poised to accelerate accrual in all clinical programs across multiple US cities and abroad. Highlights updated interim data for lead iNKT engager, Port-2, presented at the 2023 ASCO annual meeting which showed early evidence of monotherapy activity with minimal toxicity. Has entered into a clinical collaboration agreement with Merck Inc for the evaluation of Port-2. Further, notes announcement by Little Green Pharma Ltd in which it holds a 2.45% interest. Notes LGP's Desert Flame medicinal cannabis flower product has been granted a marketing authorisation in Poland with the company scheduled to ship its first product from Australia in October. Read More

IN BRIEF: Seed Innovations firm wins USD1.6 million cannabis oil deal

12th Jul 2023 14:17

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Notes announcement released on the Australian Stock Exchange by its portfolio company, Little Green Pharma Ltd, in which the company holds a 2.5% interest. Says Little Green Pharma has been awarded a commercial tender to supply up to USD1.6 million of its CBD50 medical cannabis oils to a French medicinal cannabis trial. Says this trial is until March 2024 and is currently the largest government-led trial in Europe. Read More

TRADING UPDATES: On The Beach rejigs board, names new CEO and CFO

30th Jun 2023 20:15

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Friday and not separately reported by Alliance News: Read More

IN BRIEF: Seed Innovation net asset value declines in difficult year

27th Jun 2023 14:21

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Net asset value at March 31 was down 22% to 7.54 pence per share from 9.62p at the same time the previous year. Net loss narrows to GBP836,000 in the year ended March 31, from GBP2.0 million the previous year. Proposes no dividend, unchanged from the previous year. Seed says that the financial year was challenging due to macro-economic and political factors affecting stock market stability, but notes that it is optimistic about delivering sustainable growth in the long term. Read More

IN BRIEF: Seed Innovations cannabis investee gains MHRA accreditation

12th Jun 2023 09:05

Seed Innovations Ltd - Guernsey-based investment company focused on medical cannabis, health and wellness sector - Says portfolio company Northern Leaf Ltd, a Jersey-based medical cannabis producer, has been awarded Good Manufacturing Practices accreditation from the UK Medicines & Healthcare Products Regulatory Agency. Accreditation is for company's flower product as an active pharmaceutical ingredient. Seed Innovations says this is "a key regulatory milestone for the company to export its products to the European Union". It owns 1.2 million shares in Northern Leaf, or 2.2% of its share capital. Read More

Seed Innovations investee company Little Green Pharma sees growth

1st Jun 2023 11:09

(Alliance News) - Seed Innovations Ltd on Thursday said its portfolio company Little Green Pharma Ltd posted a surge in revenue as its loss narrowed. Read More

IN BRIEF: Seed Innovations investee company expands in Italy

17th May 2023 15:31

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Notes announcement from investee company Avextra AG. Avextra says it has successfully exported EU-GMP standardised cannabis extracts manufactured at its German facility to its distribution partner in Italy. Avextra is a German-based, vertically integrated medical cannabis company. Seed holds a 6.6% stake in Avextra, valued at GBP4.4 million as at September 30. Read More

IN BRIEF: Seed Innovations notes portfolio firm's shares suspension

9th May 2023 16:49

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Notes the suspension of trading of its portfolio company Yooma Wellness Inc's common shares on the Canadian Securities Exchange and on Aquis. Says Yooma anticipates completing annual filings on or before July 15 and for share suspension to be lifted shortly after. Says Seed currently carries its investment in Yooma at GBP43,000 and expects to write this down to nothing on publication of the annual accounts for the financial year that ended March 31. Also notes portfolio firm Little Green Pharma wins extended French government tender, being appointed a primary CBD oil manufacturer for third year of an extended national French medicinal cannabis trial. Read More

TRADING UPDATES: Ceiba net asset value down, up for Asia Dragon Trust

27th Apr 2023 17:02

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

TRADING UPDATES: acccesso buys firm, Card Factory ups outlook

24th Apr 2023 19:21

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

Seed Innovations sells South West Brands to OTO for GBP2.6 million

20th Apr 2023 12:15

(Alliance News) - Seed Innovations Ltd said on Thursdsay its portfolio company South West Brands Ltd has entered into a sale and purchase agreement with OTO International Ltd. Read More

TRADING UPDATES: Eqtec enters deal; Fulcrum buys 42 mining claims

17th Apr 2023 17:43

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

IN BRIEF: Seed Innovations completes sale of Leap Gaming

11th Apr 2023 10:47

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Confirms completion of the sale of portfolio company Fralis LLC, which trades as Leap Gaming. Expects the second tranche of sale proceeds of EUR2.8 million to be received in April next year. Intends to use the proceeds received for making further investments. Read More

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