Sativa Group PLC - UK's first prestige CBD wellness chain launched
The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the
("Sativa") or ("the Company") or ("the Group") or ("Group")
First Goodbody CBD Wellness specialist retail outlet opens in
The store was launched last Friday evening by Mr
Whilst not in any way a Group forecast, in the first weekend of trading, footfall, turnover and average transaction value were ahead of expectations on both days. Customer feedback was exceptionally positive with them engaging with trained staff about the key elements of product traceability, testing, and balance in terms of wellness. The Directors believe that this early success is proof of concept.
The 60.67 sq. m. (653 sq. ft.) retail unit has frontage on to the prime, high footfall,
The consumer experience consists of focused knowledge and support from highly trained staff who are able to advise customers on the range of CBD products available and the best way to use and apply those products. CBD is believed to boost the body's endo-cannabinoid system which works to restore homeostasis and balance. CBD enriched products available include skincare, tinctures, balms, bath bombs, vape oils, body oils and capsules.
All of the stock passes scientific laboratory testing by Sativa's own independent laboratory, Phytovista, sits within the legal content guidelines, and the amount of CBD contained being as described.
"This opening marks the start of what we intend to be a major high street journey for Goodbody as CBD wellness products gain wider acceptance in the
"Our product development and manufacturing capability allows multiple routes to market and the roll out of our Goodbody store network will drive revenues.
The Directors of the Company accept responsibility for the contents of this announcement.
Photographs of the official opening by Mr
For further information:
Founder & Chief Executive Officer
+44 (0) 20 7971 1255
Chief Financial Officer
+44 (0) 20 7971 1255
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Cenkos Securities plc
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Notes to Editors
Sativa is a seed to Consumer medicinal cannabis and cannabidiol (CBD) wellness business, focused on the smart-sourcing of the raw material, advanced extraction, manufacture, testing, distribution, and research & development of medicinal cannabis and CBD products. The Company has a Home Office licence application in process which, when granted as the Directors believe it will be as the application is in its final stages, will enable the Company to engage in the highly regulated process of growing, strictly for medicinal research & development purposes only, Tetrahydrocannabinol (THC) rich cannabis flowers at its high-security
The Company joined the
Phytovista has conducted over 1000 independent tests and George Botanicals develops, manufactures and distributes low-THC CBD wellness products. Other important future revenue streams are at various stages of development from concept to actual launch, with the first Goodbody CBD wellness centre opening in
Prior to the Listing, Sativa's founder and CEO,
Sativa has a highly experienced
The Company has a strong senior management team and Board team including Joseph Colliver
Sativa's smart-sourcing strategy enables it to define the crucial factors of seed strain, growing techniques and environment, along with extraction methods, all of which are imperative to the quality of the end-product. Phytovista Laboratories confirms the cannabinoid profile and quality of each batch on delivery to ensure that it is regulatorily compliant, is free of unwanted chemical elements, and is of proven origin. The commercial off-take agreements that the Company is entering in to will contribute to quality assurance, forecasted forward quantities of supply, consistency, and pre-determined pricing, rather than spot pricing.
The Group's activities include the
Sativa has invested in two Canadian-based businesses, pharmaceutical company
For more information on Sativa Investments, please visit: www.sativainvestments.co.uk
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This information is provided by RNS, the news service of the
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