S-Ventures (LON: SVEN) returned from suspension following the publication of full year results and the latest interim figures. They were delayed because of the liquidation of Lizza. Group revenues for the healthy snacks supplier were £7.8m in the year to September 2022. The latest interim revenues were £7.7m, including £800,000 from discontinued activities, but it remains loss-making. However, S-Ventures is currently achieving a positive EBITDA. There was £400,000 in the bank at the end of March 2023. Sales momentum is improving. The share price increased 4.53% to 8,65p.
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Fallers
Apollon Formularies (LON: APOL) reported 2022 results after the market closed on 30 June. The share price has slumped 15.6% to 135p. Revenues rose 45% to £286,000, but the medical cannabis company continues to lose money. The company warns that it does not have enough cash for its current requirements, and it will have to raise money through a share issue or by selling assets.
Cadence Minerals (LON: KDNC) shares fell 3.16% to 7.65p during the week. Edison published an initiation note on Thursday. It believes Cadence Minerals is worth 32.2p/share.
Voyager Life (LON: VOY) has ended the deal to acquire the CBD extraction and manufacturing facility in Poland from Goodbody Health. It took longer than expected to gain the approval for the change in ownership. Voyager Life has obtained a manufacturing order from a client and has already supplied another order worth £25,000, which was made in Scotland where the facility is being upgraded. There is £787,000 in cash and that should last 12 months. The £1m of convertible loan notes will not be issued as the acquisition is not going ahead. The share price was 2.22% lower at 11p.
KR1 (LON: KR1) reported an NAV of 55.01p/share at the end of May 2023. The digital assets generated income of £385,000 during May. KR1 is extending its services agreement with Reflexivity and adding a 12 months notice period. Two KR1 directors own Reflexivity. The KR1 share price slipped 0.96% to 51.5p.
Trading in the shares of Eight Capital Partners (LON: ECP) and Marula Mining (LON: MARU) was suspended at the beginning of the week because they have not published 2022 accounts.