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FastForward Innovations reveals key updates for portfolio companies Factom and EMMAC Life Sciences

FastForward Innovations Limited (LON:FFWD) Ed McDermott updated Proactive on the status of two of its investment companies, Factom Inc EMMAC Life Sciences. McDermott says for Factom, it has reached a provisional agreement with Factom whereby it is proposed that FastForward’s US$6mln SAFE note shall be converted to equity by the issue of 5.9mln new shares in Factom.

On EMMAC, McDermott says it has secured approval from Spanish health authorities to cultivate medical cannabis at its Medalchemy manufacturing site in Alicante, and added more color on its NASDAQ listing through its merger with SPAC Andina.

Quick facts: FastForward Innovations Limited

Price: 11.125 GBX

LSE:FFWD
Market: LSE
Market Cap: £17.97 m
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