Innovations Limited (SEED Innovations Ltd (AIM:SEED)) Chief executive Ed McDermott joins Proactive London's Katie Pilbeam to talk about their results for the six months to 30 September.
Publicly listed cannabis stocks across the globe have come under pressure in the past six months, leading to SEED’s net asset value at 30 September 2021 of £23.35mln being down from £24.94mln at the end of March. Net assets per share were 10.98p compared to 11.72p six months earlier.
But Mcderrmott is focused on 2022 and remains confident in the medical cannabis, health and wellness space and 'very bullish' on their activity next year which 'will increase NAV value'.