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
Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Says its portfolio firm Little Green Pharma Ltd has completed a placement worth USD5 million from from new and existing investors. Says the funds will be used to repay balance of loan note with Canopy Growth Corp and for working capital and costs of offer. Little Green Pharma says, under the placement, it will issue new shared at USD0.18 per share, representing a 5.3% discount to the last price of USD0.19 per share on Tuesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Says it is in discussions with its portfolio company South West Brands, with Seed requesting full repayment as the convertible loan note it provided South West Brands in October 2021 has matured. At this time, Seed made a GBP150,000 investment in South West Brands via a 12-month, 8% CLN maturing in October last year. This was extended until mid-January, as announced in mid-November. In total, Seed says it has GBP500,000 invested via several CLNs valued at GBP543,000 as at September 30. Read More
(Alliance News) - Seed Innovations Ltd highlighted on Monday progress for an anti-depressant therapy by a firm in which it holds a significant stake. Read More
(Alliance News) - Seed Innovations Ltd on Monday said that its investee Yooma Wellness Inc has become an immaterial holding. Read More
Seed Innovations Ltd - Guernsey-based investment company focused on the medical cannabis, health and wellness sector - Notes that its portfolio company Avextra has exported standardised cannabis extracts manufactured in its German facility to its distribution partner in the UK. Says this is a significant milestone that validates the regulatory pathway for medical cannabis products from Germany. Read More
(Alliance News) - Seed Innovations Ltd on Monday touted the implications of a regulation change for its portfolio company, Little Green Pharma Ltd, as Australia stands to become the first market in the world to recognise psychedelics as medicines. Read More
Seed Innovations Ltd - Guernsey-based investment company focusing in medical cannabis, health and wellness space businesses - Notes announcement by portfolio company Little Green Pharma Ltd, which saw record quarterly customer cash receipts of USD6.0 million in the three months that ended December 31. Generates quarterly revenue of USD5.3 million, up from USD4.9 million in the third quarter and from USD3.7 million a year earlier. Says cash receipts exceed revenue due to the collection of outstanding receivables from the third quarter and the receipt of deposits for product sales delivered in January. Reports strong growth in Little Green Pharma Danish flower sales in Germany. Says Little Green Pharma completes a successful USD4.0 million placement, with applications up to USD2.0 million closing on Monday. Notes Little Green Pharma's second exclusive supply agreement with Cannamedical for SMS strain in Germany Read More
(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
(Alliance News) - Seed Innovations Ltd on Wednesday said the unit holders of portfolio company Fralis LLC - which trades as Leap - have agreed to sell Leap to an existing unit holder IMG Arena US LLC, based on an enterprise value of EUR14 million. Read More
(Alliance News) - Stocks in London were set to start flat on Wednesday, as weak economic data from China pointed to a "deep malaise" in the global economy, though this was offset by news that Asia's largest economy will loosen its strict zero-Covid measures. Read More
(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
(Alliance News) - Seed Innovations Ltd on Friday said that its portfolio company, Little Green Pharma Ltd, has signed a second deal worth EUR3 million over two years to supply bulk medicinal cannabis from Denmark to Germany. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Seed Innovations Ltd on Tuesday said that its wholly-owned subsidiary, Little Green Pharma Ltd, has signed a deal potentially worth more than EUR3.0 million over two years to supply bulk medicinal cannabis from Denmark to Germany. Read More
Seed Innovations Ltd - Guernsey based wellness and life sciences company - Announces its portfolio company Eurox Pharma GmbH has changed its name to Avextra Pharma GmbH. The name change emphasises Avextra's "clear focus on the highest quality cannabis extracts and its commitment to the development of evidence-based cannabis medicines." Avextra provides Seed with direct access to German, the largest cannabis market in Europe. Read More
(Alliance News) - Seed Innovations Ltd on Monday said it has invested a further GBP50,000 in South West Brands Ltd, following the listing of its products at a UK high street retailer and online. Read More
Agronomics Ltd - Isle of Man, UK-based cellular agriculture company - Leads GBP1.7 million seed financing of cellular agriculture firm Clean Food Ltd with a GBP577,500 investment to subscribe for 5.8 million shares, bringing its total holdings to 35%, worth GBP3.8 million. Read More