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Share Price: 4.8525

Bid: 4.9005

Ask: 4.918

Change: 0.033 (0.68%)

Spread: 0.0175 (0.357%)

Open: 4.8525

High: 4.8525

Low: 4.8525

Prev. Close: 4.87625

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IN BRIEF: Love Hemp appoints Khan as new interim financial director

Fri, 20th Jan 2023 11:20

Love Hemp Group PLC - London-based consumer goods company focussed on CBD health and wellness solutions - Says both non-executive Chair Graham Mills and interim Chief Financial Officer Anthony Dyer have completed their transition periods, and stepped down from the board with immediate effect.

Fahmeeda Khan has been appointed as the new interim financial director with immediate effect.

In addition, strategic investors who initially provided GBP1.5 million to Love Hemp's binding secured loan have increased this by GBP100,000. The secured total debt is now GBP1.6m, with a term of five years at an interest rate of 20%. The first year is interest-free.

Love Hemp shares are currently suspended on Aquis. They last traded at 0.43 pence each in London on April 29, 2022.

By Holly Beveridge; Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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IN BRIEF: Love Hemp takes step to put subsidiary into administration

Love Hemp Group PLC - London-based consumer goods company focussed on CBD health and wellness solutions - Takes the necessary steps to place its operational subsidiary Love Hemp Ltd into administration and appoints Paul Cooper and Jamie Taylor of Begbies Traynor Group PLC as joint administrators.

13 Feb 2023 20:33

IN BRIEF: Love Hemp withdraws from trading on AQSE

Love Hemp Group PLC - London-based consumer goods company focussed on CBD health and wellness solutions - Withdraws from the AQSE Growth Market, with effect from market close on Monday.

10 Feb 2023 21:45

IN BRIEF: Love Hemp goes into administration on legal and finance woes

Love Hemp Group PLC - London-based consumer goods company focussed on CBD health and wellness solutions - Appoints Paul Cooper and Jamie Taylor of Begbies Traynor Group PLC as administrators. Expects to lose major contracts and does not expect them to continue beyond administration. Explains that revenue in the second quarter that ended December 31 was down 37% compared to the first quarter. Adds that January sales have also dropped by 66% year-on-year. Says it faced "significant" legal issues that hurt day-to-day running. Adds that negative media statements "hindered" its efforts to secure the necessary funding for its operations. Says that it also uncovered some "questionable invoices", which will ultimately need to be investigated and recovered.

30 Jan 2023 17:32

TRADING UPDATES: Aquila investments rise; Love Hemp denies allegations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

28 Dec 2022 11:32

Love Hemp issues 160 million shares to pay fees and reduce debt

(Alliance News) - Love Hemp Group PLC on Wednesday said it issued shares last week to reduce its debt.

14 Dec 2022 14:57

CORRECT: Love Hemp needs funds; GetBusy to hit revenue target

(Corrects that the updates were issued on Wednesday, not Tuesday.)

14 Dec 2022 14:46

TRADING UPDATES: Love Hemp needs funds; GetBusy to hit revenue target

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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EXECUTIVE CHANGES: Costain hires chair; CFO changes at SDX, Love Hemp

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IN BRIEF: Love Hemp launches products in 200 Tesco stores

Love Hemp Group PLC - London-based cannabidiol products company - Launches products in Tesco PLC's supermarkets. Tesco will initially stock a range of six Love Hemp products across 200 stores in the UK, including in larger Tesco Extra supermarkets. Products will also be available online.

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IN BRIEF: Love Hemp appoints Khan as new interim financial director

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