FastForward Innovations Limited Investee Company Update: Nuuvera (5863B)
11 January 2018 - 7:00PM
UK Regulatory
TIDMFFWD
RNS Number : 5863B
FastForward Innovations Limited
11 January 2018
11 January 2018
FastForward Innovations Limited
("FastForward"")
Investee Company Update: Nuuvera Completes TSX Venture Exchange
Listing
FastForward is pleased to announce that investee company Nuuvera
Corp ("Nuuvera" (TSXV: NUU)), a privately held company formed to
capitalize on the global secular trend towards the legalization of
cannabis, in which FastForward has a holding of 3.75%, completed
its listing on the TSX Venture Exchange ("TSX") on 9 January
2018.
The price of Nuuvera's shares on admission to the TSX was
C$2.50, but Nuuvera closed its second day of trading on the TSX at
a price of C$6.85 per share. At this price, the value of the
Company's 3,000,000 shares in Nuuvera is approximately
C$20,550,000.
Lorne Abony, Chief Executive Officer of FastForward
commented:
"We are delighted to announce the listing of Nuuvera has
completed. The Board believes other investments held by the Company
have similar potential. The Directors will work hard during 2018
and beyond to unlock the huge inherent value in the Company's
portfolio and realise further value for shareholders."
About Nuuvera
Nuuvera is a global cannabis company founded on Canadian
principles, and built with the whole world in mind. Nuuvera is
currently working with partners in Germany, Israel and Italy, and
is exploring opportunities in several other countries, to develop
commercial production and global distribution of medical grade
cannabis in legalized markets. Through its subsidiaries, ARA -
Avanti Rx Analytics Inc. and Avalon Pharmaceutical Inc., Nuuvera
holds a Dealer License (GMP) under the Narcotic Control Regulations
and Office of Controlled Substances. Nuuvera is currently in the
final stages of the Health Canada review process to become a
Licensed Producer of medical marijuana under the ACMPR, and has
recently received its "letter to build" approval.
For further information please visit www.fstfwd.co or
contact:
FastForward Innovations Limited info@fstfwd.co
Sue Saunders/ Ian Burns
------------------------------------------------------------
Beaumont Cornish Limited (Nomad) Tel: +44 (0) 207 628 3396
James Biddle / Roland Cornish
------------------------------------------------------------
Optiva Securities Limited (Broker) Tel: +44 (0) 203 411 1881
Ed McDermott
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CAUTIONARY STATEMENT
The AIM Market of London Stock Exchange plc does not accept
responsibility for the adequacy or accuracy of this release. No
stock exchange, securities commission or other regulatory authority
has approved or disapproved the information contained herein. All
statements, other than statements of historical fact, in this news
release are forward-looking statements that involve various risks
and uncertainties, including, without limitation, statements
regarding potential values, the future plans and objectives of
FastForward Innovations Ltd. There can be no assurance that such
statements will prove to be accurate, achievable or recognizable in
the near term.
Actual results and future events could differ materially from
those anticipated in such statements. These and all subsequent
written and oral forward-looking statements are based on the
estimates and opinions of management on the dates they are made and
are expressly qualified in their entirety by this notice.
FastForward Innovations assumes no obligation to update
forward-looking statements should circumstances or management's
estimates or opinions change.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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