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IN BRIEF: Seed Innovations discusses convertible loan note repayment

ALN

Seed Innovations Ltd - AIM-listed investor in the medical cannabis, health, and wellness space - Says it is in discussions with its portfolio company South West Brands, with Seed requesting full repayment as the convertible loan note it provided South West Brands in October 2021 has matured. At this time, Seed made a £150,000 investment in South West Brands via a 12-month, 8% CLN maturing in October last year. This was extended until mid-January, as announced in mid-November. In total, Seed says it has £500,000 invested via several CLNs valued at £543,000 as at September 30.

Current stock price: 2.15 pence, down 4.4%

12-month change: down 65%

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