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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

IN BRIEF: Seed Innovations loss narrows while NAV decreases

Wed, 19th Jun 2024 16:15

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.

Current stock price: 1.89 pence

12-month change: down 7.7%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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30 Jun 2023 20:15

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27 Jun 2023 14:21

IN BRIEF: Seed Innovation net asset value declines in difficult year

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Net asset value at March 31 was down 22% to 7.54 pence per share from 9.62p at the same time the previous year. Net loss narrows to GBP836,000 in the year ended March 31, from GBP2.0 million the previous year. Proposes no dividend, unchanged from the previous year. Seed says that the financial year was challenging due to macro-economic and political factors affecting stock market stability, but notes that it is optimistic about delivering sustainable growth in the long term.

12 Jun 2023 09:05

IN BRIEF: Seed Innovations cannabis investee gains MHRA accreditation

Seed Innovations Ltd - Guernsey-based investment company focused on medical cannabis, health and wellness sector - Says portfolio company Northern Leaf Ltd, a Jersey-based medical cannabis producer, has been awarded Good Manufacturing Practices accreditation from the UK Medicines & Healthcare Products Regulatory Agency. Accreditation is for company's flower product as an active pharmaceutical ingredient. Seed Innovations says this is "a key regulatory milestone for the company to export its products to the European Union". It owns 1.2 million shares in Northern Leaf, or 2.2% of its share capital.

1 Jun 2023 11:09

Seed Innovations investee company Little Green Pharma sees growth

(Alliance News) - Seed Innovations Ltd on Thursday said its portfolio company Little Green Pharma Ltd posted a surge in revenue as its loss narrowed.

17 May 2023 15:31

IN BRIEF: Seed Innovations investee company expands in Italy

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.

9 May 2023 16:49

IN BRIEF: Seed Innovations notes portfolio firm's shares suspension

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Notes the suspension of trading of its portfolio company Yooma Wellness Inc's common shares on the Canadian Securities Exchange and on Aquis. Says Yooma anticipates completing annual filings on or before July 15 and for share suspension to be lifted shortly after. Says Seed currently carries its investment in Yooma at GBP43,000 and expects to write this down to nothing on publication of the annual accounts for the financial year that ended March 31. Also notes portfolio firm Little Green Pharma wins extended French government tender, being appointed a primary CBD oil manufacturer for third year of an extended national French medicinal cannabis trial.

27 Apr 2023 17:02

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24 Apr 2023 19:21

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20 Apr 2023 12:15

Seed Innovations sells South West Brands to OTO for GBP2.6 million

(Alliance News) - Seed Innovations Ltd said on Thursdsay its portfolio company South West Brands Ltd has entered into a sale and purchase agreement with OTO International Ltd.

17 Apr 2023 17:43

TRADING UPDATES: Eqtec enters deal; Fulcrum buys 42 mining claims

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11 Apr 2023 12:23

Seed Innovations completes sale of Leap Gaming

(Sharecast News) - Seed Innovations announced the completion of the sale of its portfolio company Fralis, also known as Leap Gaming, to IMG Arena US on Tuesday.

11 Apr 2023 12:23

Seed Innovations completes sale of Leap Gaming

(Sharecast News) - Seed Innovations announced the completion of the sale of its portfolio company Fralis, also known as Leap Gaming, to IMG Arena US on Tuesday.

11 Apr 2023 10:47

IN BRIEF: Seed Innovations completes sale of Leap Gaming

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Confirms completion of the sale of portfolio company Fralis LLC, which trades as Leap Gaming. Expects the second tranche of sale proceeds of EUR2.8 million to be received in April next year. Intends to use the proceeds received for making further investments.

24 Mar 2023 14:16

IN BRIEF: Seed Innovations says portfolio firm completes placement

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Says its portfolio firm Little Green Pharma Ltd has completed a placement worth USD5 million from from new and existing investors. Says the funds will be used to repay balance of loan note with Canopy Growth Corp and for working capital and costs of offer. Little Green Pharma says, under the placement, it will issue new shared at USD0.18 per share, representing a 5.3% discount to the last price of USD0.19 per share on Tuesday.

15 Mar 2023 16:41

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IN BRIEF: Seed Innovations loss narrows while NAV decreases

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