LONDON (Alliance News) - FastForward Innovations Ltd said Friday its annual net asset value per share increased as it made investments in a Canadian medical Cannabis business.
For the year to March 31, the company's net asset value per share rose to 10.18 pence from 7.60p.
"The company acquired three investments in the year, including a significant investment in a Canadian medical Cannabis business, and successfully disposed of this investment post year end for a gain of nearly 500%," the company said.
At March 31, the company's net assets amounted to GBP13.5 million compared to GBP10.1 million year-on-year.
The company did not issue a dividend for financial 2018 or 2017.
Chairman Jim Mellon said: "FastForward is an exciting company working in a dynamic environment across a number of significant growth sectors, we feel very fortunate to have this opportunity.
"I and my colleague directors remain confident that we can continue to grow and develop FastForward by sourcing and developing deals which will continue to maximise returns for shareholders."
FastForward shares closed up 2.9% at 13.12 pence each.
