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FastForward to capitalise on 'oven ready opportunities' in medical cannabis after £2m placing

FastForward Innovations' (LON:FFWD) Ed Mcdermott explains to Proactive why the investment group has decided to raise around £2m through the placing of 23.5m new shares.

Mcdermott says there are now 'oven ready opportunities' in medical cannabis space after new guidance from the Financial Conduct Authority in relation to potential applications seeking admission to the Official List in the medical cannabis-related sector.

He believes the company has been ahead in the sector, with a 'very solid track record in the space so far' with 'knowledge right up there with the best and opportunities that are 'oven ready'.

Quick facts: FastForward Innovations Limited

Price: 7.701 GBX

LSE:FFWD
Market: LSE
Market Cap: £14.25 m
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FastForward Innovations on FCA's green light to medical cannabis listings...

FastForward Innovations Limited's (LON:FFWD) Ed McDermott talks to Proactive London about the FCA's new approach to medical cannabis and as the 'only AIM listed company that has had direct investment in cannabis' this is very significant for the firm. As Mcderrmott explains the UK’s financial...

on 22/9/20

2 min read