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Greencare Capital PLC - invests in medicinal cannabis - For 2021, pretax loss narrows to £373,000 from £427,000 for the 13 months ended October 31, 2020, due mainly to lower administrative expenses.
During the year, the company invests £100,000 in Clearly Supplements Ltd via a convertible loan note, and another £100,000 in Voyager Life Ltd.
‘The board continues to believe the CBD sector has significant potential, with the UK being one of the world's largest and fastest growing markets for CBD products. The board, however, is also cognisant that the CBD sector has not performed well recently and the latest developments with novel foods legislation in the UK, whilst providing clarity, is likely to cause short to medium term turbulence as companies are required to adapt,’ the company states.
Current stock price: 30.5 pence
12-month change: down 1.6%
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