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  2. Share Prices
  3. Seed Share Price
  4. Seed Share News
  5. IN BRIEF: Seed Innovations investee company expands in Italy

Pin to quick picksSeed Share News (SEED)

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Share Price Information for Seed (SEED)

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Share Price: 1.60
Bid: 1.50
Ask: 1.70
Change: 0.00 (0.00%)
Spread: 0.20 (13.333%)
Open: 1.60
High: 1.60
Low: 1.60
Prev. Close: 1.60

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IN BRIEF: Seed Innovations investee company expands in Italy

Wed, 17th May 2023 15:31

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Notes announcement from investee company Avextra AG. Avextra says it has successfully exported EU-GMP standardised cannabis extracts manufactured at its German facility to its distribution partner in Italy. Avextra is a German-based, vertically integrated medical cannabis company. Seed holds a 6.6% stake in Avextra, valued at GBP4.4 million as at September 30.

Vice President of Investment Analysis Alfredo Pascual says: "Avextra's successful export of standardized cannabis extracts to Italy marks a significant milestone in Avextra's expansion strategy. Avextra being one of a handful of approved companies to export cannabis extract into Italy is a testament to Avextra's commitment to the quality and effectiveness of its products.

"We believe that Avextra is well-positioned to tap into the growing medical cannabis therapies market in Italy and beyond and we are excited to witness Avextra's continued success and contribution to the European cannabis market."

Current stock price: 1.89 pence, down 0.8% on Wednesday afternoon

12-month change: down 62%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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11 Nov 2024 14:25

Seed Innovations exits Pantheon Resources investment

(Alliance News) - Seed Innovations Ltd on Monday announced the divestment of its entire stake in Pantheon Resources PLC.

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17 Sep 2024 13:48

UK shareholder meetings calendar - next 7 days

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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19 Jun 2024 16:15

IN BRIEF: Seed Innovations loss narrows while NAV decreases

Seed Innovations Ltd - investor focused on early-stage health, wellness and medical cannabis firms - In the financial year to March 31, comprehensive loss narrows to GBP2.1 million from GBP4.5 million a year prior. Basic and diluted loss per share is 1.01 pence compared with 2.10p. No dividend was declared, unchanged from a year prior. Net assets per share totals GBP6.73 compared with GBP7.54. Remains "frustrated that the market does not understand the value and quality of our net asset value," company says. Says it is focused on utilising strategic initiatives to enhance investor perception and communicate its "intrinsic value proposition" to the market. Remains optimistic about Seed's current investment portfolio.

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18 Apr 2024 14:12

UK dividends calendar - next 7 days

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Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Seed Innovations rises; receives GBP2.4 million from Leap Gaming sale

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Seed Innovations gets £2.4m balance from Leap Gaming sale

(Sharecast News) - Health, wellness and medical cannabis investor Seed Innovations announced the receipt of £2.4m (€2.76m) from the final instalment of the sale proceeds of its portfolio company Fralison Monday, which operated as Leap Gaming.

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