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Ananda Developments PLC - London-based medical cannabis company - Loss widens for the year ended January 31 to £1.3 million from £970,038 the previous year. Total assets increases to £632,734 at year-end from £288,016 a year prior. Ananda reports a net cash outflow of £534,622.
‘The ability of the entity to continue as a going concern is dependent on the group generating positive operating cash flows and or securing additional funding through the raising of debt or equity to fund its projects,’ said Ananda Developments.
Current stock price: 0.02 pence, down 2.1% on Thursday in London
12-month change: down 28%
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