FastForward Innovations Ltd hails Northern Leaf investment
It received £600,000-worth of convertible loan notes in the heavily over-subscribed issue
FastForward Innovations Ltd () said it has taken part in the £14mln pre-IPO funding round for , the Jersey-based medical cannabis group.
It received £600,000-worth of convertible loan notes in the heavily over-subscribed issue.
Chief executive Ed McDermott said, “Having become the first company to be awarded a UK licence to grow medicinal cannabis in 22 years late last year, is focused on becoming a key player in the rapidly burgeoning European medical cannabis supply chain.
READ: Northern Leaf successfully concludes pre-IPO financing round
“We are delighted to back a competent team as they look to accelerate this strategy and use the funds raised to commence its commercial medicinal cannabis grow programme.
“Again, given we understand the fundraise was heavily oversubscribed, we are pleased with the investment we have secured in the raise and look forward to supporting the company in progressing its strategy.”
FastForward invests in growth companies and sectors such as life sciences, cannabis, tech and blockchain.
Read More: FastForward Innovations Ltd hails Northern Leaf investment