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FastForward Says Cryptologic Issues Wayland USD5 Million Bridge Loan

Mon, 12th Aug 2019 16:33

(Alliance News) - FastForward Innovations Ltd said on Monday investee Cryptologic Corp has issued Wayland Group a USD5.0 million bridge loan ahead of the acquisition of its Canadian cannabis business.

The financing will allow Wayland to continue to built out of its facility in Langton, Ontario and is in connection to the proposed acquisition deal.

The acquisition, which was initially announced on August 6, values Wayland's Canadian cannabis business at around CAD230.0 million, or about GBP143.8 million.

FastForward previously said it would realise its investment in Cryptologic as supplying cannabis for recreational use is not line with its investment strategy, or UK regulations.

Cryptologic plans to dispose of its cryptocurrency mining operations and become "a single-purpose cannabis company".

Shares in FastForward closed down 3.5% at 7.00 pence each in London on Monday.

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18 May 2020 14:39

UK EXECUTIVE CHANGE SUMMARY: FastForward Innovations Names Chair, CEO

UK EXECUTIVE CHANGE SUMMARY: FastForward Innovations Names Chair, CEO

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1 Apr 2020 18:15

FastForward Investee Leap Gaming, IMG Arena To Develop Tennis Game

FastForward Investee Leap Gaming, IMG Arena To Develop Tennis Game

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20 Mar 2020 18:40

FastForward To Take Impairment On Entertainment Direct Asia

FastForward To Take Impairment On Entertainment Direct Asia

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19 Feb 2020 06:27

FastForward Investee Emmac Exports Medical Cannabis To Bazelet

FastForward Investee Emmac Exports Medical Cannabis To Bazelet

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3 Feb 2020 08:36

FastForward Innovations's Portage Ups Subscription To iOx Loan Notes

FastForward Innovations's Portage Ups Subscription To iOx Loan Notes

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8 Jan 2020 15:44

FastForward Innovations sells entire holding in Cryptologic

(Sharecast News) - Technology and life sciences investment fund FastForward Innovations has completed the sale of its entire holding of debentures in investee company Cryptologic Corporation, formerly Vogogo, it announced on Wednesday.

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8 Jan 2020 11:09

FastForward Exits Investment In Cryptologic Amid "Poor" Performance

FastForward Exits Investment In Cryptologic Amid "Poor" Performance

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7 Jan 2020 12:05

FastForward Hires Former Northland Capital Executive As Director

FastForward Hires Former Northland Capital Executive As Director

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11 Dec 2019 10:43

FastForward Innovations "Excited" As Net Assets Increase In First Half

FastForward Innovations "Excited" As Net Assets Increase In First Half

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19 Nov 2019 14:45

FastForward Innovations CEO Named As Non-Exec Chair Of Investee Emmac

FastForward Innovations CEO Named As Non-Exec Chair Of Investee Emmac

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16 Oct 2019 12:16

FastForward Innovations Investee EMMAC Raises GBP15 Million

FastForward Innovations Investee EMMAC Raises GBP15 Million

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2 Oct 2019 16:07

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

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27 Sep 2019 11:16

FastForward Innovations' Leap Gaming Partners With Mansion Casino

FastForward Innovations' Leap Gaming Partners With Mansion Casino

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11 Sep 2019 11:30

FastForward Net Assets Rise In Full-Year But Share Price Tumbles

(Alliance News) - FastForward Innovations Ltd on Wednesday reported a rise in net assets at the end of its financial year but said market volatility caused a fall in its share price.Net at

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22 Aug 2019 14:00

FastForward Chair Mellon Stands Down To Focus On Other Businesses

(Alliance News) - FastForward Innovations Ltd said Thursday Chair Jim Mellon stood down from the investment firm in order to focus more on his other businesses.Mellon - chair since 2017 - a

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