Seed Innovations Ltd - Guernsey-based wellness and life sciences firm - Notes investee Little Green Pharma Ltd report for the first quarter, with revenue increasing 30% to USD3.2 million, and cash receipts doubled year-on-year. Expects LGP sales to grow in the quarters to come. Seed Innovations holds a 3.1% stake in LGP.
"Among the encouraging highlights of the period, we're pleased about LGP winning its first Italian supply tender and continuing to gain patients in Australia," said Vice President of Investment Analysis Alfredo Pascual.
Current stock price: 4.95 pence, up 6.5% on Tuesday
12-month change: down 37%
By Elizabeth Winter; elizabethwinter@alliancenews.com
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Seed Innov (SEED)