SEED Innovations sees progress across its portfolio

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  • SEED Innovations hails funding round by investee Yooma Wellness
  • FastForward Innovations’ ups stake in Little Green Pharma after being ‘really impressed’ by firm
FastForward Innovations Limited - FastForward Innovations targets significant upside with portfolio of early stage tech firms

Quick facts: SEED Innovations Ltd

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SEED Innovations Ltd’s investment focus leans towards capitalising on the company’s knowledge in the cannabinoid wellness and medical cannabis arenas.

As the only AIM-quoted investor with direct exposure to pharmaceutical and medical cannabis, SEED continues to demonstrate its expertise in the sector, notably with two of its portfolio assets selling for a combined value of over $1bn.

SEED is focused on investing in a balance of early-stage opportunities that have an upcoming investment catalyst, and more mature investments that offer liquidity in the near term.

27 Jul 2021

() has hailed an announcement from its portfolio company, (, ), that the investee has raised US$9.7mln (GBP7.1mln) through subscriptions in its latest financing round.

In its own announcement on Monday, Yooma, in which SEED owns a 5.1% stake, raised the funds through the placing of around 13.5mln shares at a price of C$0.90 (52p) each. Investors have also been granted a half warrant for each placing share with each warrant exercisable at C$1.35 (78p) each.

Yooma also said it has granted a single strategic investor an option to acquire around 9.56mln shares at the same price, which if exercised will bring the total amount raised to US$16.6mln (GBP12.1mln) and see the investor granted 4.78mln warrants.

“We are pleased to be announcing this financing, including the addition of many UK and European based shareholders, which will allow Yooma to continue its rapid growth through strategic acquisitions. Once the Option has been exercised the financing will be oversubscribed, which will accelerate Yooma’s growth and quest to become a global leader in the CBD and wellness space”, said Yooma chairman Lorne Abony.

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15 Jul 2021

SEED Innovations Limited () saw its net asset value jump by a third as the value of its medical cannabis and CBD-focused investments soared.

The company, formerly known as Fast Forward Innovations, disposed of its stakes in Kanabo Group for a 223% gain, Cellular Goods after a four-fold rise and booked a profit of GBP1.9mln on the sale of to Cureleaf.

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07 Jul 2021

FastForward Innovations Ltd () said it invested a further GBP50,000 in cannabidiol (CBD) consumer goods group South West Brands (SWB) by way of a 12-month, 8% convertible loan note (CLN) as part of a funding round for SWB to raise GBP100,000.

The AIM-listed investment firm said the funds raised by SWB will support its plans to float on the London Stock Exchange. The latest investment takes the total invested by FFWD to date to GBP300,000.

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11 Jun 2021

‘s () Ed McDermott and Alfredo Pascual join Proactive London’s Katie Pilbeam to explain why they purchased a further 1.17mln shares in its portfolio firm (LGP). This was done through the Australian Stock Exchange at an average price of A$0.655 each which means it now holds shares equivalent to around 2% of LGP’s share capital.

McDermott says ‘they are doing exactly want we want them to do, hence we felt it was a good time to start buying, markets are a little softer at the moment so we took advantage of that’. Pascual adds, ‘we identified a listed company that is very well run and is growing rapidly and is constantly achieving new milestones’.

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Seed Innovations is committed to living better for longer and healthy…

So what’s in a name and a memorable ticker? Fast Forward Innovations has rebranded into Seed Innovations Limited (LON:SEED), and the business proposition is investment in emerging global health trends and the generation of attractive investment returns.

Chief executive Ed McDermott tells…

6 days ago

3 min read

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