FastForward ups stake in Australian medical cannabis company
Investment company FastForward Innovations has purchased a further 1.178 million ordinary shares in portfolio company Little Green Pharma on the Australian Securities Exchange, at an average price of 65.5 Australian cents (36p) per share.
The AIM-traded firm said that following the purchase, it had a holding of 2,716,462 shares in the Australian medical cannabis producer, representing 2% of its issued share capital.
“We continue to be impressed with the management of LGP and believe in their strategy,” said chief executive officer Ed McDermott.
“We will continue to support the company both financially and with our cannabis sector expertise and we are looking forward with confidence to their further growth and progress.”
At 1455 BST, shares in FastForward Innovations were up 1.23% at 8.2p.
Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.