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Seed (SEED) Share News

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

IN BRIEF: Seed Innovations says portfolio firm completes placement

24th Mar 2023 14:16

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

TRADING UPDATES: Foresight Solar Fund NAV up in 2022, raises dividend

15th Mar 2023 16:41

(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

IN BRIEF: Seed Innovations discusses convertible loan note repayment

21st Feb 2023 15:54

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

Seed Innovations highlights ethics approval at Little Green Pharma

15th Feb 2023 19:27

(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

Seed Innovations sees Yooma become immaterial on disappointing outlook

13th Feb 2023 18:06

(Alliance News) - Seed Innovations Ltd on Monday said that its investee Yooma Wellness Inc has become an immaterial holding. Read More

IN BRIEF: Seed Innovations investee exports medical cannabis to UK

9th Feb 2023 13:00

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

Seed Innovations subsidiary hails key psychedelics ruling in Australia

6th Feb 2023 15:44

(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

IN BRIEF: Seed Innovations hails Little Green's "record" cash receipts

16th Jan 2023 17:43

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

TRADING UPDATES: Seed Innovations loss widens; Atome launches offer

12th Dec 2022 21:54

(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 remainder of Leap Gaming to IMG Arena

7th Dec 2022 12:15

(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

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