FastForward Innovations Ltd - Guernsey-based investor in technology and life sciences companies - Invests a further EUR50,000 in South West Brands Ltd, a London-based multi-brand company focused on developing consumer goods for the cannabidiol industry.
The investment is a 12 month, 8.0% convertible loan note as part of an effort by South West Brands to raise EUR100,000.
The total amount invested in South West Brands by FastForward to date is EUR300,000.
Ed McDermott, chief executive of FastForward, comments: "SWB operates in a market that is forecasted to have staggering growth over the coming years. As a pioneer within the CBD space, Rebekah Hall, leading a highly experienced, all-female management team, is creating a credible, sustainable and scalable consumer CBD business."
Current stock price: 8.78 pence
Year-to-date change: up 3.3%
By Aidan Lane; newsroom@alliancenews.com
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