Client NewsFragrant Prosperity Holdings Limited: Unaudited Interim Results
Fragrant Prosperity Holdings Limited (LSE: FPP) announces its unaudited financial results for the period ended 30 September 2021.
I have pleasure in presenting the condensed financial statements of Fragrant Prosperity Holdings Limited (the “Company” or “FPH”) for the period from 1 April 2021 to 30 September 2021.
During the financial period, the Company reported a net loss of £401,714. As at 30 September 2021, the Company had cash in bank balance of £466,444.
During the period the Company entered into a letter of Intent to acquire the entire issued share capital of CiiTech Ltd a leading cannabis wellness company based in the UK and Israel for consideration of £17.5m payable in newly issued shares in the Company (subject to adjustment should the number of CiiTech securities in issue change prior to completion of the acquisition). The Company sought shareholder approval for the proposed transaction at its recent AGM.
The Board looks forward to providing further updates to shareholders in due course.
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