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Seed Innovations Ltd - Guernsey-based investment company focusing in medical cannabis, health and wellness space businesses - Notes announcement by portfolio company Little Green Pharma Ltd, which saw record quarterly customer cash receipts of $6.0 million in the three months that ended December 31. Generates quarterly revenue of $5.3 million, up from $4.9 million in the third quarter and from $3.7 million a year earlier. Says cash receipts exceed revenue due to the collection of outstanding receivables from the third quarter and the receipt of deposits for product sales delivered in January. Reports strong growth in Little Green Pharma Danish flower sales in Germany. Says Little Green Pharma completes a successful $4.0 million placement, with applications up to $2.0 million closing on Monday. Notes Little Green Pharma’s second exclusive supply agreement with Cannamedical for SMS strain in Germany
Current stock price: 2.52 pence, up 5.1% on Monday
12-month change: down 65%
By Greg Rosenvinge, Alliance News reporter
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