The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksFFWD.L Regulatory News (FFWD)

  • There is currently no data for FFWD

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Investee Company Update: Nuuvera

12 Jan 2018 15:43

RNS Number : 7880B
FastForward Innovations Limited
12 January 2018
 

The following amendment has been made to the 'Investee Company Update: Nuuvera' announcement released on 12 January 2018 at 2.23pm under RNS No 7794B.

 

In the first paragraph it should have read 'FastForward is pleased to note the announcement by investee company Nuuvera Corp. ("Nuuvera" (TSXV: NUU)), a public company formed to capitalize on the global trend towards the legalization….. In the original announcement Nuuvera was described as 'a privately held company formed….'.

 

All other details remain unchanged.

 

The full amended text is shown below.

 

12 January 2018

 

FastForward Innovations Limited

("FastForward"")

Investee Company Update: Nuuvera agrees MOU with the Province of New Brunswick to supply 2.5 million grams of cannabis and related products for the province's cannabis market.

FastForward is pleased to note the announcement by investee company Nuuvera Corp. ("Nuuvera" (TSXV: NUU)), a public company formed to capitalize on the global trend towards the legalization of medical cannabis, in which FastForward has a holding of 3.75%, today, that it has entered into a Memorandum of Understanding ("MOU") with the Province of New Brunswick to supply 2.5 million grams of cannabis and related products for the province's cannabis market. The Nuuvera announcement reads as follows:

'Nuuvera Inc. ("Nuuvera") (TSXV:NUU) announced that it has entered into a Memorandum of Understanding ("MOU") with the Province of New Brunswick to supply 2.5 million grams of cannabis and related products for the province's cannabis market.

The MOU sets the groundwork for Nuuvera to supply high-quality cannabis oil and flower to the province, beginning in July 2018. Included in the agreement is Nuuvera's commitment to donate two-percent of the gross value of cannabis products sold to the government to the Cannabis Education and Awareness Fund.

Lorne Abony, CEO of Nuuvera, said that the MOU signals Nuuvera's growing participation in Canada's cannabis industry.

"We are pleased to finalise this important MOU with New Brunswick. Not only is it the result of productive and open negotiations, but it is an endorsement of the way Nuuvera operates and what we stand for. We will keep working with the Government of New Brunswick, and governments across Canada, to help create a safe, high-quality industry that meets the needs of all cannabis consumers."

In addition to the MOU, Nuuvera also announced this week that it would establish a state-of-the-art laboratory in Saint John that will process, manufacture and distribute pharmaceutical-grade medical marijuana derivative products. This will be Nuuvera's second such facility in Canada and will create new, skilled jobs for the city.

"With offices in Toronto, Tel Aviv, Hamburg, and Milan, we are positioned to serve diversified international markets with medical grade cannabis products, and our New Brunswick operations will form a critical piece of our research and development efforts that will keep us on the leading edge of product innovation," said Abony.'

For more information on Nuuvera, please visit: www.nuuvera.com 

About Nuuvera

Nuuvera is a global medical cannabis company founded on Canadian principles, and built with the whole world in mind. Nuuvera is currently working with partners in Germany, Israel and Italy, and is exploring opportunities in several other countries, to develop commercial production and global distribution of medical grade cannabis in legalized markets. Through its subsidiaries, ARA - Avanti Rx Analytics Inc. and Avalon Pharmaceutical Inc., Nuuvera holds a Dealer License (GMP) under the Narcotic Control Regulations and Office of Controlled Substances. Nuuvera is currently in the final stages of the Health Canada review process to become a Licensed Producer of medical marijuana under the ACMPR, and has recently received its "letter to build" approval.

 

For further information please visit www.fstfwd.co or contact:

FastForward Innovations Limited info@fstfwd.co

Sue Saunders/ Ian Burns

Beaumont Cornish Limited (Nomad) Tel: +44 (0) 207 628 3396

James Biddle / Roland Cornish

Optiva Securities Limited (Broker) Tel: +44 (0) 203 411 1881

Ed McDermott

CAUTIONARY STATEMENT

The AIM Market of London Stock Exchange plc does not accept responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements, other than statements of historical fact, in this news release are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding potential values, the future plans and objectives of FastForward Innovations Ltd. There can be no assurance that such statements will prove to be accurate, achievable or recognizable in the near term.

Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. FastForward Innovations assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
UPDUUSVRWUAAAAR
Date   Source Headline
11th Aug 201710:15 amRNSInvestee Company Update: Nuuvera Corp
8th Aug 20177:00 amRNSInvestee Company Update
7th Jul 20177:00 amRNSResults for the Year ended 31 March 2017
3rd Jul 20179:48 amRNSInvestee Company Update: Schoold
22nd Jun 20177:00 amRNSInvestee Company Update: Schoold
19th Jun 20177:00 amRNSInvestee Company Update
1st Jun 20174:42 pmRNSInvestee Company Update: Schoold
30th May 20174:52 pmRNSInvestee Company Update
25th Apr 201711:49 amRNSHolding(s) in Company
5th Apr 20177:00 amRNSDisposal of interest in Blue Star Capital PLC
4th Apr 20177:00 amRNSUpdate on SatoshiPay disposal to Blue Star
31st Mar 20174:30 pmRNSBoard Change
24th Mar 20179:23 amRNSInvestee Company Update
20th Mar 20173:40 pmRNSUpdate on disposal of interest in SatoshiPay
7th Mar 20177:00 amRNSInvestment in Nuuvera Corp
2nd Mar 20177:00 amRNSProposed Disposal of interest in SatoshiPay
16th Feb 20177:00 amRNSChange of Adviser
1st Feb 20177:00 amRNSMarket Update
16th Jan 201711:28 amRNSInvestee Company Update: SatoshiPay
4th Jan 20177:00 amRNSMarket update
20th Dec 20164:39 pmRNSHalf-year Report
29th Nov 20167:00 amRNSMarket Update
17th Nov 20169:33 amRNSBoard change
6th Oct 201610:34 amRNSInvestee Company Update
5th Oct 20161:31 pmRNSMarket Update: Leap Gaming
16th Sep 201611:03 amRNSResult of AGM
22nd Aug 20167:00 amRNSPortfolio Company Update
27th Jul 20164:59 pmRNSInvestment
20th Jul 20167:00 amRNSInvestee Company Update: Yooya
14th Jul 20167:00 amRNSStrategic Update
12th Jul 20167:00 amRNSInvestee Company Update: Schoold
2nd Jun 20163:23 pmRNSCompletion of second stage investment
2nd Jun 20167:00 amRNS2016 Shareholder Conference Call, Replay Details
1st Jun 20162:31 pmRNSGrant of Options
1st Jun 201610:33 amRNSInvestee Company update Satoshipay
1st Jun 201610:32 amRNSChange of Adviser
26th May 20168:34 amRNSShareholder call 1 June 2016
26th May 20167:00 amRNSInvestee Company Update - Yooya
25th May 201611:45 amRNSDirector/PDMR Shareholding
24th May 20162:34 pmRNSFinal Results
24th May 20167:00 amRNSIssue of Equity
12th May 20168:43 amRNSInvestee Company Update: DBC
3rd May 20167:00 amRNSInvestee Company Update - Yooya
22nd Apr 20167:00 amRNSInvestee Company Update
19th Apr 20167:00 amRNSInvestee Company Update
14th Apr 201611:35 amRNSAppointment of Special Adviser
11th Apr 20167:00 amRNSInvestee Company Update - Schoold
11th Apr 20167:00 amRNSAcquisition of 29.4% of Leap Gaming
8th Apr 20167:00 amRNSInvestee Company Update: Schoold
6th Apr 20167:00 amRNSInvestee Company Update: Vemo

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.