11th Feb 2021 16:26
FastForward Innovations Ltd - technology and life sciences sector focused investor - Portfolio firm Yooma Corp has completed its reverse takeover of Globalive Technology Inc, meaning that the new entity Yooma Wellness Inc will start trading on Canadian Securities Exchange on Thursday.
Yooma Wellness will deal in the marketing, distribution and sale of wellness products including hemp seed oil and hemp-derived and cannabinoid products.
FastForward now holds a 9.0% interest in Yooma's enlarged issued share capital.
Also on Thursday, portfolio firm Portage Biotech Inc has gained approval from the Nasdaq Capital Market to list its shares on the Nasdaq Exchange.
Portage also set out its 2021 research and development goals, which include advancing three of its pipeline assets through clinical trials.
One is PORT-3, an invariant natural killer T-cell agonist for the treatment of advanced prostate or ovarian tumours, the second is PORT-2, another iNKT agonist for patients with non-small-cell lung cancer and melanoma, and the third is PORT-1, an intratumoral amphiphilic agent for patients with difficult-to treat tumour types.
FastForward holds a 0.6% interest in Portage Biotech.
Current stock price: 10.64 pence
Year-to-date change: up 25%
By Dayo Laniyan; [email protected]
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