FastForward Innovations Fund said a company in its investment portfolio, Canada's Nuuvera, has agreed to provide the province of New Brunswick with 2.5 million grams of cannabis.
FastForward holds a 3.75% stake in Nuuvera, a privately-held company formed to capitalize on the global trend towards the legalization of medical cannabis.
The early-stage "memorandum of understanding" agreement sets the groundwork for Nuuvera to supply cannabis oil and flower to the province, beginning in July 2018.
Included in the agreement is a commitment by Nuuvera to donate 2% of the gross value of cannabis products sold to the government to the Cannabis Education and Awareness Fund.
At 2:33pm: (LON:FFWD) Fastforward Innovations Ltd share price was +3p at 22.75p