By in

Final Results

Press Release                                                                                                           15th May 2019

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

 

Sativa Investments PLC 

 

Final Results for the Period Ended 31 December 2018

Sativa Investments Plc (NEX: SATI), (or “Sativa” or “the Company” or “the Group”), the UK’s first quoted medicinal cannabis investment vehicle, is pleased to announce its Final Results from the date of incorporation to 31 December 2018.

Highlights

• Sativa joined the NEX Exchange Growth Market on 29 March 2018 as the UK’s first quoted medicinal cannabis investment vehicle. 

• The Company has capitalised on its first mover advantage and already has two fully operational, high gross margin businesses operating in the UK, George Botanicals and Phytovista Laboratories. 

• Sativa is actively engaged with regulatory authorities, to establish a sustainable framework to meet patients’ and consumers’ unmet needs. The Company’s Home Office Research and Development growers’ licence application is progressing well. 

• The two early Canadian investments, Rapid Dose Therapeutics Inc and Veritas Pharma Inc, show an overall combined increase in market value of 4.5% as of 31 December 2018. 

• Sativa Germany GmbH, a joint venture with Lexamed GmbH which is 60% owned by Sativa, provides the Group with a foothold in Germany. 

• Turnover of £260,000 with a gross margin of 42%, generating a total gross profit of £110,000 representing six months of post-acquisition trading from the George Botanicals and Phytovista subsidiaries. 

• Total consolidated net assets of £4.97 million as at 31 December 2018. 

• Cash at bank and cash equivalents of £3.74 million as at 31 December 2018 (30 April 2019: £2.63 million). 
Post period end 

• Significant research and development initiative with Kings’ College London relating to the impact of cannabinoids on inflammation and respiratory diseases. 

• The Group is to open its first Goodbody & Blunt wellness centre in Bath in early summer.

Geremy Thomas, founder and Chief Executive Officer of Sativa Investments, said:

“Sativa has delivered expeditiously on its investment promise to the market and is now recognised as a trading business, with two fully owned UK subsidiaries already performing well. This early stage traction within the marketplace proves the Group’s ability to deliver revenue-generating operations that benefit from first-mover advantage.

“The medicinal cannabis and CBD industries are highly complex and the twelve months of global research that I undertook before Sativa joined the NEX Exchange is paying off. Focussing on the high-margin value-add components of the seed to consumer chain is key, as is proximity to the end user.” 
The Directors of the Company accept responsibility for the contents of this announcement. 


By in

Exercise of Share Options and Total Voting Rights

Press Release                                                                                                                                             15th May 2019

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

 

Sativa Investments PLC 

Exercise of Share Options and Total Voting Rights

Sativa Investments PLC (NEX: SATI), announces that it has allotted 6,666,667 new ordinary shares of 0.25 pence each in the Company (“Ordinary Shares”) pursuant to the exercise of share options. Application has been made for the new Ordinary Shares to be admitted to trading on the NEX Exchange Growth Market (“Admission”) and Admission is expected to become effective on 13th May 2019. The options have been exercised by JH Racing A&P LTD at a price of 2.25p per share and the gross proceeds of £150,000 receivable by the Company will be used for general working capital purposes. The new Ordinary Shares will rank Pari passu in all respects with the existing Ordinary Shares of the Company.

These options were awarded to JH Racing A&P LTD in October 2018 through the surrender by Geremy Thomas of certain options granted to him (with an exercise price of 0.5p per share) on the Company’sadmission to trading on the NEX Exchange Growth Market. These options were granted as NTA (non- tax advantaged) options to JH Racing A&P LTD to fund sponsorship of the Sativa car in the Ginette Junior Championship 2019 / 2020 season. The racing series is broadcast on ITV4 and reaches a combined audience of 19.4 million viewers and a trackside audience of 385,000. The car and team are heavily branded “Sativa Investments PLC” and were sponsored previously in Sativa’s name atGeremy Thomas’ personal expense.

Following Admission, the Company’s issued share capital will comprise 516,566,667 Ordinary Shares, which number may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules. The Company does not hold any shares in treasury.

The Directors of the Company accept responsibility for the contents of this announcement.

– Ends –