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LVVEF (Yooma Wellness Inc) is no longer actively trading.
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LVVEF does not currently pay a dividend.
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Yooma Wellness Inc. engages in the manufacturing, marketing, distribution, and sale of wellness products in Canada, Europe, Japan, China, and the United States. Its wellness products include hemp seed oil and hemp-derived cannabinoid (CBD) ingredients. The company sells its products through various platforms, such as ecommerce, mass-market retail, and independent retail partners. Yooma Wellness Inc. is headquartered in Toronto, Canada.
Toronto, Ontario--(Newsfile Corp. - Le 23 octobre/October 2024) - The common shares of Yooma Wellness Inc. will be delisted from the CSE at market close today, October 23, 2024. Yooma Wellness Inc. is currently suspended.
Toronto, Ontario, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Yooma Wellness Inc. (“Yooma” or the "Company") (CSE: YOOM) (AQSE: YOOM), a global multi-branded wellness platform, including CBD products and other wellness brands, today announces that it has filed an assignment in bankruptcy pursuant to the Bankruptcy and Insolvency Act (Canada). Richter Inc. was appointed as Trustee of the estate.
Toronto, Ontario, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Yooma Wellness Inc . (CSE: YOOM, AQSE: YOOM) ("Yooma" or the "Company") today announced that its wholly-owned subsidiary Yooma Europe Limited (“Yooma Europe”) has completed the sale of Birmingham-based Vitality CBD Limited (“Vitality”), a UK-focused CBD company, for a total consideration of US$2.0 million (the “Disposal”) to Psilobrain Therapeutics Inc. (“Psilobrain”). Psilobrain is a private Canadian biotech company that uses the latest in psychedelic medicine to design products that facilitate evidence-based healing & wellness. Further details regarding Psilobrain is available at www.psilobrain.com.
Yooma Wellness Inc (CSE:YOOM, OTC:LVVEF, AQSE:YOOM) said it is starting to see the early results of its streamlining and rationalisation efforts as it provided a quarterly financial update. Revenues were up 50% year over year at US$3.3mln in the three months ended June 30, while the cost base shrank by 32% to US$2.3mln, resulting in a net loss of around US$1.1mln (down 65% over 12 months).
Yooma Wellness Inc (CSE:YOOM, OTC:LVVEF, AQSE:YOOM) said it is continuing to work with advisors at Canaccord Genuity (TSX:CF, LSE:CF) to assess its strategic options. These may include a sale of assets or further M&A “if financing can be secured on acceptable terms”, said chairman Lorne Abony.