1st Feb 2021 13:47
FastForward Innovations Ltd -technology and life sciences sector focused investor - Invests GBP250,000 into London-based CBD business South West Brands Ltd. Notes investment is by way of a two year, 6% convertible loan note as part of a funding round by SWB to raise GBP500,000. The notes will convert at the next qualifying fundraising event into ordinary shares in SWB at 37.5% discount to the next issue price.
Says SWB will use the cash to launch and market its pipeline of new CBD brands including its first new brands in the menstrual cycle care and beauty categories in April 2021.
Current stock price: 8.60 pence
Year-to-date change: up 1.2%
By Ife Taiwo; [email protected]
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