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Investegate |Dev Clever Holdings Announcements | Dev Clever Holdings: Half-year Report

Dev Clever (LSE: DEV) is pleased to announce its unaudited interim results for the six months ended 30 April 2021 ( the Period ).
Financial Highlights:
·
Revenue up 531% at £2.4m for the Period (H1 2020: £383k) and supported by significant contract wins in the Educate division.
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EBITDA loss of £162k (H1 2020: loss of £561k), which includes non-cash share-based expenses of £201k (H1 2020: £44k).
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Adjusted
[1]

loss after tax of £92k (H1 2020: loss of £551k).
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Cash position at period end of £9.7m (H1 2020: £472k). This is after further investment in intangible assets including the acquisition of intellectual property rights of £4.4m from Veative Labs Pte Limited ( Veative ) and further investment in the Launchyourcareer.com platform of £1.0m in advance of the India activation with the Nati ....

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Cannabis Movers & Shakers: Phyto, HERBL, Treez, Fyllo, Auxly, AgraFlora, Viridis

Phyto Extractions Announces Departure Of Interim CEO
Phyto Extractions Inc., formerly known as Adastra Labs Holdings Ltd., (CSE:XTRX) (FRA: D2EP), said last Friday it had parted ways with J. Scott Munro, the company’s interim CEO and director.
Munro, who said he wanted to pursue “new external ventures,” will be replaced with a new permanent candidate.
Donald Dinsmore, chief operating officer of the British Columbia-based company, said that during Munro’s tenure Phyto Extractions had seen vast improvements across operations and the financial health of the company.”
Mark Shamber Joins HERBL As CFO
California-based cannabis distributor and supplier ....

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Investegate |Asimilar Group PLC Announcements | Asimilar Group PLC: Half-year Report

The Board is pleased to announce the Group s unaudited results for the six month period ended 31 March 2021. The key highlights during the period were:

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Completion of £7m investment in Dev Clever Holdings Plc ( DEV )at 10p per share
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Sale of option and warrant rights to subscribe to, in aggregate, up to 45 million ordinary shares in DEV by the Company s wholly owned subsidiary, Intrinsic Capital Jersey Limited ( ICJL ) to Sitius Limited, for £3.5m cash consideration
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Gain on re-measurement of assets to fair value of £21,836,376
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Profit for the period of £23,427,188 (21.67 pence per share)
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Total assets of £38,066,221, up from £12,457,890 at September 2020
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Further investments in SeeQuestor Limited by ICJL for a total equity investment of £500,000 during the six month period ended 31 March 2021 ....

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Investegate |Asimilar Group PLC Announcements | Asimilar Group PLC: Final Results

I am pleased to present the annual report and consolidated financial statements for Asimilar Group plc ( Asimilar , the Group , or the Company ), for the financial year ended 30 September 2020.

Technology is at the foundation of our investment criteria. We invest in businesses that develop purpose-built technology and operational expertise with potential to scale and generate positive returns for shareholders. We back founders that have a dedicated passion and competency for creating and engineering premium customer experiences through technology, content and product innovation.

As an investment business we evaluate a significant pipeline of potential investment opportunities based on the principles of our stated investment criteria. Before investing, the board always evaluates the opportunities diligently and takes valued input from key shareholders and our investor partners on the value potential of the investment opportunities. ....

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Cannabis Movers & Shakers: Cresco, Fyllo, Generation Hemp, Treez, Medterra

Cannabis Industry Pioneer David Ellis Leaves Cresco To Pursue Other Opportunities In Cannabis
Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) revealed Tuesday it is parting ways with David Ellis after nearly six years.
Ellis oversaw the company’s operations for the last four years. He joined Cresco in 2015 only to grow its cultivation footprint to 215,000 square feet across three facilities in Illinois.
Ellis, one of the first employees of the Chicago-based company, said he would “miss the Cresco family.”
However, he is looking forward to pursuing other opportunities within the cannabis industry.
“I leave with a great sense of pride having worked with such a talented, dedicated, and pioneering team of professionals,” Ellis added. ....

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