StageReverse Merger | IPO
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Expert Collections containing YOOMA
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
YOOMA is included in 1 Expert Collection, including Cannabis.
These companies participate in - or service businesses that participate in - the legal cannabis industry. Our definition of cannabis includes both marijuana and hemp (and all derivatives). The collection includes both "plant-touching" and "non-plant-touching" businesses.
Latest YOOMA News
Feb 13, 2023
02/13/2023 | 01:08pm EST Message : *Required fields (Alliance News) - Seed Innovations Ltd on Monday said that its investee Yooma Wellness Inc has become an immaterial holding. The AIM-quoted firm which invests in fast-growing and industry-leading businesses with a focus on the medical cannabis, health, and wellness space, noted that as at 30 September 2022, the net asset value of Seed carried a valuation of just GBP43,000 for Yooma, 0.26% of its portfolio NAV. Seed was responding to an update from Yooma which addressed its ongoing restructuring, liquidity constraints, and its lack of working capital. Options for Yooma include a possible fund-raising, sale of assets, and an orderly wind down or insolvency proceedings for some or all members of the group. It also reported an exit from Japan which leaves its only material operating business lines in Europe. Chief Executive, of Seed, Ed McDermott, commented "Whilst we are clearly disappointed with this news from Yooma, over time this has become an immaterial holding for the company, being 0.26% of NAV, and therefore its impact is minimal." Shares in Seed Innovations closed 6.4% lower at 2.20 pence in London on Monday. By Jeremy Cutler, Alliance News reporter.
YOOMA Frequently Asked Questions (FAQ)
Where is YOOMA's headquarters?
YOOMA's headquarters is located at Toronto.
What is YOOMA's latest funding round?
YOOMA's latest funding round is Reverse Merger.
How much did YOOMA raise?
YOOMA raised a total of $1M.
Who are the investors of YOOMA?
Investors of YOOMA include Globalive Technology Partners and FastForward Innovations.
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