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Investegate |FastForward Inn Ltd Announcements | FastForward Inn Ltd: Investee Company Update: Little Green Pharma Ltd


 
 
FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses,
is pleased to note that Little Green Pharma Ltd ( LGP ) has today announced that it will be
exclusively supplying medicinal cannabis oil products to enrolled patients as well as providing funding for study costs for the QUality of life Evaluation STudy ( The QUEST Initiative ). The QUEST Initiative, which is being conducted by researchers at the University of Sydney, aims to be one of the world s largest longitudinal studies investigating the quality of life and health economics on patients with chronic disease prescribed medicinal cannabis. FastForward has a 0.9% interest in the issued stock of LGP. ....

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The Little Green Pharma (ASX:LGP) share price dived 16% after this announcement


The
Little Green Pharma Ltd(ASX: LGP) share price has fallen more than 16% this morning after the company announced a $22 million share placement. At the time of writing, the Little Green Pharma share price is trading at 78 cents, down 16.58%.
What’s driving the Little Green Pharma share price?
Yesterday, the company announced its first exports of cannabis flower medicines to Germany. Little Green Pharma has manufactured Australian medical-grade cannabis products since August 2018.
The company today advised it has received ‘firm commitments’ to raise approximately $22 million (before costs). This will be executed via a share placement program for sophisticated, experienced and professional investors. ....

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What does the Biden administration mean for ASX shares?


What does the Biden administration mean for ASX shares? 
More on:
Image source: Getty Images
With Joe Biden due to take office this week, many investors are wondering what this could mean for ASX shares. Ahead of his inauguration Biden has revealed a $1.9 trillion coronavirus relief plan aimed at combating the pandemic and the economic crisis it has triggered.
In the short term, this additional fiscal stimulus should help bolster the battered US economy, but it has also impacted global share markets. Prices of commodities used in infrastructure projects have rallied since Biden announced the package, while technology stocks have struggled.  ....

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Should WA loosen its control of medicinal cannabis prescriptions? Here are the arguments


Should WA loosen its control of medicinal cannabis prescriptions? Here are the arguments
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Should WA loosen its control of medicinal cannabis prescriptions? Here are the arguments
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A call to cut more red tape over the prescription of medicinal cannabis that contains THC, to bring WA in line with the eastern states, has been met with varying levels of scepticism by doctors.
Late last year, Health Minister Roger Cook announced GPs could prescribe medicinal cannabis instead of specialists, unless it was for children or those at risk of addiction. ....

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