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Oliver Hasler, executive chairman of PYX Resources, presents 1H24 Results
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  2. Share Prices
  3. Seed Share Price
  4. Seed Share News
  5. IN BRIEF: Seed Innovations loss narrows while NAV decreases

Pin to quick picksSeed Share News (SEED)

Seed Information

Share Price Information for Seed (SEED)

London Stock Exchange
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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 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

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
21 Feb 2023 15:54

IN BRIEF: Seed Innovations discusses convertible loan note repayment

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Says it is in discussions with its portfolio company South West Brands, with Seed requesting full repayment as the convertible loan note it provided South West Brands in October 2021 has matured. At this time, Seed made a GBP150,000 investment in South West Brands via a 12-month, 8% CLN maturing in October last year. This was extended until mid-January, as announced in mid-November. In total, Seed says it has GBP500,000 invested via several CLNs valued at GBP543,000 as at September 30.

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15 Feb 2023 19:27

Seed Innovations highlights ethics approval at Little Green Pharma

(Alliance News) - Seed Innovations Ltd highlighted on Monday progress for an anti-depressant therapy by a firm in which it holds a significant stake.

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13 Feb 2023 18:06

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.

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9 Feb 2023 13:00

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.

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6 Feb 2023 15:44

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.

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16 Jan 2023 17:43

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

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12 Dec 2022 21:54

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:

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7 Dec 2022 16:44

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.

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7 Dec 2022 12:15

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.

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7 Dec 2022 07:53

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.

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5 Dec 2022 21:40

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:

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2 Dec 2022 11:22

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.

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2 Nov 2022 19:17

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:

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4 Oct 2022 16:50

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.

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4 Oct 2022 14:21

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.

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