GreenRoc now on the EU radar after presentation on Amitsoq at the Greenland Business Mission. Watch the interview here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksSeed Share News (SEED)

Share Price Information for Seed (SEED)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.60
Bid: 1.50
Ask: 1.70
Change: 0.15 (10.34%)
Spread: 0.20 (13.333%)
Open: 1.45
High: 1.60
Low: 1.45
Prev. Close: 1.45

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Seed Innovations announces progress in Germany with subsidiary deals

Tue, 04th Oct 2022 16:50

(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.

The medical cannabis, health and wellness company said that Little Green Pharma had partnered with Cannamedical Pharma GmbH, an independent German medical cannabis wholesaler.

It argued the agreement validated LGP's key strategy of "developing bespoke, high-value white label strains for export".

Seed owns a 3% stake in Little Green Pharma's share capital.

Seed also announced that its portfolio company Avextra, a German-based medical cannabis business, has raised a total of EUR7.4 million from existing investors via a secured convertible loan note.

This makes the total raised by Avextra in 2022 approximately EUR11.8 million. The loan is convertible at a 20% discount to a future fundraise, or at maturity on January 31, 2024 at the same valuation as the previous fundraise.

The inferred value in the carrying value of Seed's holding in Avextra remains at EUR5.0 million.

Seed said the fundraise will be used to support Avextra's launch in Germany.

Chief Executive Officer Ed McDermott added: "The large quantum of the fundraise, and the terms it has been raised on, is a testament to the confidence investors have in Avextra's future. "

Seed shares were trading 2.0% higher at 2.50 pence each in London on Tuesday afternoon.

By Holly Beveridge; hollybeveridge@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
5 Dec 2023 20:01

EARNINGS AND TRADING: Lowland Investment NAV falls but dividend hiked

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

Read more
28 Nov 2023 17:18

TRADING UPDATES: First Class says Zigzag enthusiasm "vindicated"

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

Read more
22 Nov 2023 16:56

EARNINGS AND TRADING UPDATES: Wishbone Gold celebrates project buy

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

Read more
13 Nov 2023 16:43

TRADING UPDATES: PCI-PAL picked by Zoom; Biome in project delays

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

Read more
3 Oct 2023 06:51

IN BRIEF: Seed Innovations begins GBP850,000 share buyback

Seed Innovations Ltd - investment firm focusing on early-stage health, wellness and medical cannabis companies - On Friday, says it has begun a share buyback of up to 21.5 million shares, or GBP850,000. The buyback runs from Monday and will end no later than February 29, 2024. The programme will be funded from the company's existing cash resources.

Read more
19 Sep 2023 19:41

IN BRIEF: Seed Innovations plans to start GBP850,000 buyback

Seed Innovations Ltd - investment firm focusing on early-stage health, wellness and medical cannabis companies - Intends to start share repurchase programme for up to a maximum of 21.5 million shares or GBP850,000. Follows talks between the board and certain key shareholders which considered the current 57% discount in the share price relative to the last reported net asset value. Sets maximum price of 6 pence per share. Chief Executive Ed McDermott comments: "This programme is a reflection of our strong financial position and our commitment to returning value to our shareholders."

Read more
13 Sep 2023 15:48

UK shareholder meetings calendar - next 7 days

Thursday 14 September 
AEW UK REIT PLCAGM
Altitude Group PLCAGM
Auto Trader Group PLCAGM
Baker Steel Resources Trust LtdAGM
Belluscura PLCAGM
IG Design Group PLCAGM
Jupiter Green Investment Trust PLCAGM
Mode Global Holdings PLCAGM
Ryanair Holdings PLCAGM
Twenty Four Income Fund LtdAGM
Friday 15 September 
Blackstone Loan Financing LtdEGM re wind-down and changes to the company's share capital
Citius Resources PLCAGM
Insig AI PLCAGM
Real Estate Credit Investments LtdAGM
Trifast PLCAGM
Monday 18 September 
Baillie Gifford US Growth Trust PLCAGM
Inteliqo LtdAGM
LendInvest PLCAGM
Rosslyn Data Technologies PLCGM re fundraise
Tuesday 19 September 
Africa Opportunity Fund LtdAGM
Aston Martin Lagonda Global Holdings PLCGM re supply arrangement with Lucid Group Inc
Augmentum Fintech PLCAGM
Beacon Rise Holdings PLCAGM
Begbies Traynor Group PLCAGM
Chill Brands Group PLCAGM
DP Aircraft I LtdAGM
Great Southern Copper PLCAGM
Manolete Partners PLCAGM
Moonpig Group PLCAGM
Oxford Instruments PLCAGM
ProCook Group PLCAGM
SRT Marine Systems PLCAGM
Unicorn Mineral Resources PLCAGM
Wednesday 20 September 
Accsys Technologies PLCAGM
Frasers Group PLCAGM
Grames Workshop Group PLCAGM
Hidong Estate PLCAGM
IG Group Holdings PLCAGM
Ilika PLCAGM
Nippon Active Value Fund PLCGM re assets rollover
Quiz PLCAGM
Seed Innovations LtdAGM
STS Global Income & Growth Trust PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
11 Sep 2023 11:40

Seed Innovations partially offloads stake in Avextra

(Sharecast News) - Health, wellness and medical cannabis investor Seed Innovations announced a major sale on Monday, offloading 2,900 shares of Germany-based European medical cannabis enterprise Avextra, formerly known as Eurox Group.

Read more
11 Sep 2023 10:05

Seed Innovations sells most of Avextra interest for EUR2.9 million

(Alliance News) - Seed Innovations Ltd on Monday said it sold most of its interest in Avextra AG, formerly known as Eurox Group, for around EUR2.9 million.

Read more
8 Sep 2023 19:23

IN BRIEF: Seed cuts value of investment in OTO after fundraise

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Provides updates from two portfolio companies, Northern Leaf PLC and OTO International Ltd. Says Northern Leaf has been accredited good agricultural and collecting practice by Control Union Medical Cannabis Standard for its cultivation facility in Jersey. Adds supply agreements have been received for initial sales into Germany and Australia, with a number of other supply agreements into various jurisdictions under discussion. Further, says OTO has recently undertaken a fundraise to fund working capital through to the end of 2023. Explains fundraise is at a significant discount to OTO's indicative enterprise value. As a result, Seed is impairing the combined loan and equity position by around 75% in light of both the tough current market conditions and likely needs of OTO to raise further funding in 2024.

Read more
8 Sep 2023 13:44

Seed upbeat on Northern Leaf, writes down value of SWB

(Sharecast News) - Health, wellness and medical cannabis investor Seed Innovations updated the market on two of its portfolio companies on Friday, being Northern Leaf and OTO International.

Read more
7 Sep 2023 20:27

TRADING UPDATES: Tintra receives bid approach; NCC trading in line

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

Read more
14 Aug 2023 09:16

Agronomics raises investment in alternative palm oil firm Clean Food

(Alliance News) - Agronomics Ltd on Monday said it has invested in Clean Food Group Ltd, a fermentation-derived palm oil company.

Read more
8 Aug 2023 11:53

Seed Innovations notes investee Clean Food teams up with Alianza Team

(Alliance News) - Seed Innovations Ltd on Tuesday said its investee Clean Food Group announced a strategic collaboration with Alianza Team, a Latin American food production and lipid-based technology company.

Read more
3 Aug 2023 17:16

Seed Innovations delivers positive news from two portfolio holdings

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Notes statement from Portage Biotech Inc, in which company holds 0.2% stake. Portage reported it is poised to accelerate accrual in all clinical programs across multiple US cities and abroad. Highlights updated interim data for lead iNKT engager, Port-2, presented at the 2023 ASCO annual meeting which showed early evidence of monotherapy activity with minimal toxicity. Has entered into a clinical collaboration agreement with Merck Inc for the evaluation of Port-2. Further, notes announcement by Little Green Pharma Ltd in which it holds a 2.45% interest. Notes LGP's Desert Flame medicinal cannabis flower product has been granted a marketing authorisation in Poland with the company scheduled to ship its first product from Australia in October.

Read more

Free Investment Tools

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.