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(Alliance News) - Braveheart Investment Group PLC, a fund management and investment group, on Thursday said that it has invested a further GBP200,000 into Pharm 2 Farm Ltd, increasing its holding to 52% from 33%.
The company said the additional investment will enable Pharm 2 Farm to open a new manufacturing facility in Nottingham and expand its sales team to take advantage of the opportunities in agritech and other innovative applications.
Pharm 2 Farm develops a process to manufacture and coat nanoparticles to increase the bio-availability of trace minerals in plant feeds. The trace materials enable plants to grow much more quickly and can be used by growers with their existing fertilisers, for both indoor and field crops.
Trevor Brown, Braveheart's chief executive officer, said: "The interest shown in P2F products and technology since we acquired our original investment has significantly exceeded our expectations. As a result, we have decided to step up our investment immediately, thereby providing P2F the funds necessary to accelerate its business plan."
Braveheart Investment shares were up 4.3% at 10.95 pence each in London late Thursday afternoon.
By Tapan Panchal; tapanpanchal@alliancenews.com
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