Seed Innovations Shares Rise After Avextra Stake Sale for EUR2.9 Mln

By Elena Vardon


Seed Innovations shares rose after it sold part of its stake in German medical cannabis company Avextra for 2.9 million euros ($3.1 million).

At 0708 GMT, shares were up 0.35 pence, or 15%, at 2.75 pence.

The investor in medical cannabis and other wellness companies on Monday said the 2,900 shares it sold–at a 62% return on its initial investment–represented 56.4% of its holding in Avextra.

It now holds 3% of the company on a fully diluted basis, it added.


Write to Elena Vardon at [email protected]


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