Seed Innovations Limited

SEED

GG00BRK9BQ81

Closed End Funds

Market Closed - London S.E. Other stock markets 11:35:00 2024-05-30 EDT			5-day change	1st Jan Change
2.1 ^GBX	0.00%		-2.33%	-2.33%

04-17	EARNINGS AND TRADING: Chill Brands shareholder seeks board ejections	AN
04-16	Seed Innovations shares boosted by special dividend	AN

Seed cuts value of investment in OTO after fundraise

September 08, 2023 at 02:24 pm

Seed Innovations Ltd - Guernsey-based wellness and life sciences company - Provides updates from two portfolio companies, Northern Leaf PLC and OTO International Ltd. Says Northern Leaf has been accredited good agricultural and collecting practice by Control Union Medical Cannabis Standard for its cultivation facility in Jersey. Adds supply agreements have been received for initial sales into Germany and Australia, with a number of other supply agreements into various jurisdictions under discussion. Further, says OTO has recently undertaken a fundraise to fund working capital through to the end of 2023. Explains fundraise is at a significant discount to OTO's indicative enterprise value. As a result, Seed is impairing the combined loan and equity position by around 75% in light of both the tough current market conditions and likely needs of OTO to raise further funding in 2024.

Current stock price: 2.43 pence

12-month change: down 10%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Seed Innovations Limited

EARNINGS AND TRADING: Chill Brands shareholder seeks board ejections	04-17	AN
Seed Innovations shares boosted by special dividend	04-16	AN
AIM WINNERS & LOSERS: Seed Innovations leaps on special dividend	04-16	AN
Seed Innovations Limited Announces Special Dividend, Payable on 13 May 2024	04-16	CI
Seed Innovations rises; receives GBP2.4 million from Leap Gaming sale	04-15	AN
Beowulf consolidates Vardar; GIF outpaces benchmark	04-09	AN
Voyager Life plc cancelled the acquisition of Northern Leaf Limited.	04-07	CI
Seed Innovations investee bags funding for palm oil alternative	03-26	AN
Voyager Life plc has signed heads of terms to acquire Northern Leaf Limited.	03-12	CI
United Oil adds Jamaica expert; Vaalco makes buy	02-29	AN
Seed Innovations Limited's Equity Buyback Plan Extended till May 30, 2024.	02-28	CI
Franchise Brands sets targets, Cindrigo agrees loan	02-20	AN
EARNINGS AND TRADING: Nanoco receives proceeds from Samsung litigation	01-24	AN
Seed Innovations notes investment by portfolio firm Avextra	01-23	AN
EARNINGS AND TRADING: Lowland Investment NAV falls but dividend hiked	12-05	AN
First Class says Zigzag enthusiasm "vindicated"	11-28	AN
EARNINGS AND TRADING UPDATES: Wishbone Gold celebrates project buy	11-22	AN
Tranche Update on Seed Innovations Limited's Equity Buyback Plan announced on September 19, 2023.	11-22	CI
Seed Innovations Limited Reports Earnings Results for the Half Year Ended September 30, 2023	11-22	CI
PCI-PAL picked by Zoom; Biome in project delays	11-13	AN
Seed Innovations begins GBP850,000 share buyback	23-10-03	AN
Seed Innovations plans to start GBP850,000 buyback	23-09-19	AN
Seed Innovations Limited announces an Equity Buyback for 21,250,000 shares, for £0.85 million.	23-09-19	CI
Seed Innovations Limited authorizes a Buyback Plan.	23-09-18	CI
FTSE 100 Closes Monday Slightly Up After Quiet Session	23-09-11	DJ

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Company Profile

Seed Innovations Limited is a Guernsey-based closed-ended investment company. The Company is focused primarily on disruptive high growth life sciences and technology businesses particularly within the medical cannabis arena. The Company's objective is to invest in disruptive technologies with significant intellectual property rights, which they are seeking to exploit, principally within the technology sector, including digital and content focused businesses; life sciences sectors, including biotech and pharmaceuticals; and health and wellness sectors. It is also focused on providing its investors with exposure to disruptive growth opportunities, with a mix of liquid, pre-liquid, and longer-term investments. The Company invests in companies across various sectors, such as gaming, healthcare, food technology, fintech, cannabidiol (CBD) wellness, and education technology. Beaumont Cornish Limited acts as a nominated adviser to the Company.

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Sector Closed End Funds

	1st Jan change	Capi.
SEED INNOVATIONS LIMITED	-2.33%	5.16M
ARES CAPITAL CORPORATION	+6.91%	13.06B
PERSHING SQUARE HOLDINGS, LTD.	+11.85%	9.55B
SPROTT PHYGOLD CA UN	+14.06%	7.21B
FS KKR CAPITAL CORP.	+1.40%	5.64B
SPROTT PHYSICAL URANIUM TRUST FUND	-0.04%	5.27B
PIMCO DYNAMIC INCOME FUND	+6.91%	5.25B
SPROTT PHYSICAL SILVER TRUST	+29.46%	5.22B
SPROTT PHYSICAL GOLD AND SILVER TRUST	+21.99%	4.69B
MACQUARIE KOREA INFRASTRUCTURE FUND	+1.29%	4.01B