leadf
logo-loader
viewSEED Innovations Ltd
(
AIM:SEED
)

FastForward’s EMMAC Life Sciences secures permits to sell medical cannabis products in Germany

The investment firm said the permits will allow EMMAC to “drive immediate revenue growth” in Germany, Europe’s largest medical cannabis market

FastForward Innovations Limited - FastForward’s EMMAC Life Sciences secures permits to sell medical cannabis products in Germany

FastForward Innovations Limited (LON:FFWD) revealed that its portfolio firm, EMMAC Life Sciences Limited has secured pharmaceutical wholesaler and narcotics handling permits that will allow it to sell medical cannabis products in Germany.

The investment firm said the permits will allow EMMAC to “drive immediate revenue growth” in Germany, Europe’s largest medical cannabis market.

READ: FastForward Innovations updates on fundraising efforts at investee company Factom

“EMMAC is now poised to deliver immediate revenues from Germany and capitalise on the significant opportunities presented by the largest medical cannabis market in Europe, as we bring our products to market in 2020", said EMMAC’s chief executive Antonio Costanzo.

Shares in FastForward, which owns a 2.3% stake in EMMAC, jumped 11.1% to 7.5p in mid-afternoon trading on Tuesday.

Quick facts: SEED Innovations Ltd

Follow
AIM:SEED

Price: 7.65 GBX

Market Cap: £16.28 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

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...

on 21/7/21

2 min read