Fastforward Innovations Share Discussion Threads

[888icb] 22/3/2021 15:43

There we go Up 5.1% on the RNS of the Yooma deal as volume reaches 2.15 million. This is our major cannabis investment at present and it is good to see all this activity, which hopefully will soon be reflected in the YOOM share price.

[888icb] 22/3/2021 15:26

TORONTO, March 22, 2021 /CNW/ - Yooma Wellness Inc. ("Yooma") (CSE: YOOM), an emerging marketer and distributor of cannabinoid and hemp-derived wellness products, today announced that it acquired Socati Corp.("Socati"), a U.S. based manufacturer and seller of premium-quality cannabinoid ingredients and consumer products. The transaction valued at US$25,000,000 (the "Transaction"), was agreed on March 19, 2021.

The acquisition of Socati expands Yooma's geographic footprint into the United States, after recently acquiring certain UK and European wellness brands, including Blossom, MYO Plant Nutrition, What the Hemp and Hello Joya. Combined with Yooma's existing operations in Asia selling CBD, hemp and general wellness, beauty and skincare products through cross border ecommerce into China, the acquisition gives Yooma an expanded global presence. It also provides vertical integration opportunities with the ability to manufacture functional ingredients to use in its growing portfolio of cannabinoid and hemp-derived wellness products. This vertical integration and diverse geographic footprint offer distinct advantages over Yooma's competitors, providing a platform uniquely positioned to capitalize on organic growth and acquisition opportunities as they arise.

"Socati's unique ability to deliver consistent cannabinoid ingredients and finished products that meet industry-leading quality standards makes Socati a natural fit for Yooma," said Lorne Abony, Chairman of Yooma. "The Socati acquisition further expands Yooma's global footprint by adding Socati's customer base which includes some of the largest consumer brands in the CBD and wellness space across North America."

YOOM is very active at the moment.

[888icb] 22/3/2021 12:35

Some decent buys this morning including 300000 at 8.865p which is £26600.

[the skipper] 22/3/2021 11:24

Good to see some positive momentum returning here. Added two more small tranches this morning but hope to add some more if one of my other stocks pick up a bit. Leap is going to be transformational for this company imo.

[the skipper] 20/3/2021 22:34

Yes, I have a feeling that those who took profits on the spike will be piling back in next week, myself included, although I started rebuilding my holding a little early on Thursday. I hope to be adding some more next week depending on the performance of my other holdings.

[dillondon1] 20/3/2021 16:28

Yes that’s fairly obvious that Ed said possible Leap sale rather than IPO. 25# strategic owners going through monster IPO will be the buyers. They aren’t going to sell to anyone else.

[888icb] 19/3/2021 09:36

Interesting comments last night on FFWD Twitter regarding Leaps other large shareholder IMG:

Quite remarkable how having strategic shareholders (25%) of this size is still escaping the AIM. When IMG arena comes online then you’ll see why Ed Mac raves about Leap holding 43.4% #FFWD holders will be even happier. Read what IMG partner has created for them & Leap..(go to the FFWD Twitter to see this)
Then a further comment :
“Leap 25% owners have confidentially filed IPO documents with the SEC today.

They pulled their 2019 $700 million IPO that would have valued the company at $7 billion.

IMO PREMIUM sale rather than IPO for Leap as they will want to secure all assets.“
Some very large numbers being talked about here. Leap is clearly integral to the operations of IMG Arena. It therefore seems highly probable that in conjunction with their IPO IMG will want to acquire Leap. They clearly have the financial ability to purchase FFWD’s 44% of Leap.
Interesting times when a Leap deal could be announced very soon

[888icb] 18/3/2021 15:56

Someone is convinced a large Buy just reported from 2.10 pm of 181000 at 9.47p

[888icb] 18/3/2021 09:31

Starting positively this morning with a Buy of 108000 at 9.20p following a 250000 buy as the last trade yesterday.

[dillondon1] 17/3/2021 22:02

I just keep munching these at this price. Cash and the liquid assets plus Leap at book supports 11p with no gambling necessary. Would take a brave person to say Leap doesn’t support the current market cap by itself.

[the skipper] 17/3/2021 12:02

Looks like the rising 200 day moving average is providing a supportive trendline here (as it did for over a month before the share price took off) so I've added another small tranche this morning.

[888icb] 17/3/2021 10:02

The FFWD Twitter which had been manic at times is now very quiet so for now the traders would appear to have moved on. FFWD is very undervalued. It has demonstrated more value in recent weeks and the fall from 15p to the current share price makes no sense. A deal for Leap could happen any day and double the share price overnight which the traders will miss. It is frustrating for long term holders but I feel sure a permanent rerate is not far away as the value continues to be realised.

[888icb] 15/3/2021 14:44

No surprise there YOOM fell 30% due to the last small trade on Friday which has now been reversed. Ed has mentioned a YOOM listing soon in the UK. I think YOOM is about to get interesting now that EMMAC has gone and FFWD has 10% of YOOM. YOOM bought a number of brands from EMMAC just before its sale. There is clearly a strategy and we have cash to invest.
Good to see today’s rise which has taken our market cap back above £20 million.

[mellonsbellend] 15/3/2021 13:53

Lol. Funny on LSE. Someone trying to compare FFWD valuation to a cash shell. Ed was being sarcastic if you didn’t realise. ie. cash shells should only trade at the value of the cash they are holding but fools chase them on rumours and hype. I think everyone is waiting on Leap now.

[888icb] 15/3/2021 11:16

This is the preamble to the interview mentioned above:

DATE
15.03.21
Cash is King for Fast Forward


“…We get out in cash and miss the possible future potential upside of 16% over 4 years. Current cash shells are trading at 5/10/20 times their cash position with no other assets. Do the maths…”


Ed McDermott is emphatic his company can continue to find assets in the emerging tech and cannabis space that are undervalued. Indeed, even today, the company have released a company update with Leap gaming.

In an interview with Sarah Lowther, a very passionate Chief Executive of FastForward Innovations says: “We know what the themes are, we know what strategies other companies are operating and we know which way the market’s going.” He emphasises that FastForward’s investment model can add value not just through cash but with its industry knowledge and crucially its capital markets expertise which allows it to bring companies to the market ‘when they’re good and ready.’

McDermott is talking after criticism about the sale of the company’s stake in EMMAC a company he co-founded, and the disposal of which has “only” generated ‘190% returns’ or just over £5 million in cash for #FFWD.

The sale of EMMAC to Curaleaf now belongs to the narrative that will be the biggest cannabis company in the world, but some #FFWD shareholders wanted to keep the Curaleaf connection for perceived multiple highs, but regulation meant McDermott had no option but to sell FastForward’s option.

He’s perplexed by the ‘narrow-mindedness’ of some of the investment community who are focused on what has passed and not the opportunities that are current and in the pipeline. He believes the stake in life science therapeutic company Juvenescence “could create the same quantum of cash, if not more, than the EMMAC disposal.”

McDermott becomes even more animated about the 43.4% stake in Leap Gaming the developer and provider of 3D gaming technology and products with a focus on Virtual Sports and virtual casino. He’s recently joined Leap’s board to take it to a public listing but with the caveat: “We’re always alive to potential offers.”

As he explains to Sarah in the full interview below: “There’s a lot of things brewing in the Leap pipeline that I think will make investors very happy indeed.”

Audio Player

[888icb] 15/3/2021 09:30

The interview mentioned above is well worth a listen. It’s 27 minutes long so there is quite a lot of detail and Ed is asked some searching questions. One comes away with a lot of confidence for the future and he is still very confident that we will end the year as a substantially larger company. We have today’s news from Leap but the interview leaves you in little doubt that Leap is going to deliver something very impressive this year by IPO or possibly M&A. A very positive start to the week.

[burtond1] 15/3/2021 07:25

Cash is King for @ffwdinnovations"We get out in cash and miss the possible future potential upside of 16% over 4 years. Current cash shells are trading at 5/10/20 X their cash position with no other assets"#FFWD CEO @edmcdermott12 talks to @copytasterhttps://total-market-solutions.com/2021/03/fastfwd-innovations_march-2021/

[dave4545] 14/3/2021 09:42

400 wow

It would make sense to the low volumes. We have about 5 now and they are all heavily traded but I bet if this time next year there was 50-100 nobody would bother with a lot of them. Just shows what a huge mistake it was not to list it here. Even after a dip I'm sure it would still be worth around £10 million

[mellonsbellend] 13/3/2021 22:30

There are so many listed cannabis companies on the CSE. Most of the cannabis companies that are listed are either listed on the CSE or TSX- cheap and basic regulations. Roughly equal numbers, around 400 in total. I’m sure Yooma is just buried amongst it.

[dave4545] 13/3/2021 21:56

I might press Hargreaves and iii to see if you can trade Yooma. They promised to when it listed but I never checked after that.

Is there just too many stocks on that exchange or nobody is interested in trading these shares over there with tiny volumes like that ?

[1retirement] 13/3/2021 21:27

Its been touted as a liquid asset but since its appearance on the CSE its been shown as anything other than liquid. Imagine the share price in Yooma if fastforward wanted to sell their millions of shares when the trading of 30,000 shares causes it to drop 31%!

[mellonsbellend] 13/3/2021 15:54

Yes 1...around that...But the CSE is ridiculous....its gone down that much on total trading of 31k CAN Dollars about £17k worth of trades for the day. I got the same from trying to sell my Portage shares, any decent volume and the spread was $32 / $24..ridiculous

[mellonsbellend] 13/3/2021 15:50

Dill....The NAV is just under 11.5p right now...Share price is about right until we find out the value of Leap...As chief Rampalot will tell you is £77m or £33m to FFWD. Which would equate to a NAV of 23p per share if it is as high as he says....I would personally be happy with anything around £50m total value for Leap...But if all goes to plan it could give a share price of around 20p with a Leap sale or IPO..Not really Multibag...Novacyt style 200 bag in a year