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

Tue, 09th May 2023 16:49

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.

Current stock price: 1.94 pence, up 2.2%

12-month change: down 59%

By Greg Rosenvinge, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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