Seed Innov Share News (SEED)

Seed Innovations sees Yooma become immaterial on disappointing outlook

(Alliance News) - Seed Innovations Ltd on Monday said that its investee Yooma Wellness Inc has become an immaterial holding.

IN BRIEF: Seed Innovations investee exports medical cannabis to UK

Seed Innovations Ltd - Guernsey-based investment company focused on the medical cannabis, health and wellness sector - Notes that its portfolio company Avextra has exported standardised cannabis extracts manufactured in its German facility to its distribution partner in the UK. Says this is a significant milestone that validates the regulatory pathway for medical cannabis products from Germany.

Seed Innovations subsidiary hails key psychedelics ruling in Australia

(Alliance News) - Seed Innovations Ltd on Monday touted the implications of a regulation change for its portfolio company, Little Green Pharma Ltd, as Australia stands to become the first market in the world to recognise psychedelics as medicines.

IN BRIEF: Seed Innovations hails Little Green's "record" cash receipts

Seed Innovations Ltd - Guernsey-based investment company focusing in medical cannabis, health and wellness space businesses - Notes announcement by portfolio company Little Green Pharma Ltd, which saw record quarterly customer cash receipts of USD6.0 million in the three months that ended December 31. Generates quarterly revenue of USD5.3 million, up from USD4.9 million in the third quarter and from USD3.7 million a year earlier. Says cash receipts exceed revenue due to the collection of outstanding receivables from the third quarter and the receipt of deposits for product sales delivered in January. Reports strong growth in Little Green Pharma Danish flower sales in Germany. Says Little Green Pharma completes a successful USD4.0 million placement, with applications up to USD2.0 million closing on Monday. Notes Little Green Pharma's second exclusive supply agreement with Cannamedical for SMS strain in Germany

TRADING UPDATES: Seed Innovations loss widens; Atome launches offer

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

Seed Innovations to cash in as investee Leap agrees acquisition

(Sharecast News) - Medical cannabis, health and wellness investor Seed Innovations announced on Wednesday that the unitholders of portfolio company Fralis, trading as Leap Gaming, have entered into a conditional agreement for the sale of the remainder of Leap to existing unitholder IMG Arena, based on an enterprise value of €14m.

Seed Innovations sells remainder of Leap Gaming to IMG Arena

(Alliance News) - Seed Innovations Ltd on Wednesday said the unit holders of portfolio company Fralis LLC - which trades as Leap - have agreed to sell Leap to an existing unit holder IMG Arena US LLC, based on an enterprise value of EUR14 million.

LONDON BRIEFING: Stocks called flat on mixed news from China

(Alliance News) - Stocks in London were set to start flat on Wednesday, as weak economic data from China pointed to a "deep malaise" in the global economy, though this was offset by news that Asia's largest economy will loosen its strict zero-Covid measures.

TRADING UPDATES: Sancus returns GBP1.6 million; Versarien's UK loan

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

Seed Innovations subsidiary secures second cannabis deal in Denmark

(Alliance News) - Seed Innovations Ltd on Friday said that its portfolio company, Little Green Pharma Ltd, has signed a second deal worth EUR3 million over two years to supply bulk medicinal cannabis from Denmark to Germany.

TRADING UPDATES: Smithson assets grow; FireAngel delivers milestone

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

Seed Innovations announces progress in Germany with subsidiary deals

(Alliance News) - Seed Innovations Ltd on Tuesday said that its wholly-owned subsidiary, Little Green Pharma Ltd, has signed a deal potentially worth more than EUR3.0 million over two years to supply bulk medicinal cannabis from Denmark to Germany.

Seed investee Avextra raises another EUR 7.4m

(Sharecast News) - Medical cannabis investor Seed Innovations said on Tuesday that its portfolio company Avextra has raised €7.4m from existing investors, via a secured convertible loan note.

IN BRIEF: Seed Innovations portfolio company changes name to Avextra

Seed Innovations Ltd - Guernsey based wellness and life sciences company - Announces its portfolio company Eurox Pharma GmbH has changed its name to Avextra Pharma GmbH. The name change emphasises Avextra's "clear focus on the highest quality cannabis extracts and its commitment to the development of evidence-based cannabis medicines." Avextra provides Seed with direct access to German, the largest cannabis market in Europe.

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