The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Weathergeek.............!
" Ladies loving the face and hand creams too."
Perhaps we should encourage Greta to buy some face cream, or even send some as a present, for Christmas maybe. Might take that teenage angst offa her miserable scowlly face......... :()
All the best (puh........... "stolen our dreams".......... lease......! :)
Just had the Blood orange CBD oil on sale last week turn up. Along with some more gummies. Love shares I'm invested in I use the products. Use the Stoer products from SKIN also.
"sounding very much like Greta" - nice turn of phrase, Dave, and I love it when poor competitors are denied distribution and the market moves towards premium quality!
Thanks Dave. 100% with you on that. Looking very good for next year. @Homer, it's literally a wonder herb, well to fair most herbs work wonders. People way overlook the power of plants. Where's the push of healthy living to fight against the risk of Covid..
If you're ever bored or have spare time. Just look up the benefits of Basil, Parsley, Coriander etc etc. Cannabis goes way further with our bodies having a Endocannabinoid system.
The conspiracy is large but unraveling.
Have to say I do love the product. I have been using CBD for a few months and I can see the benefits. Yes, I was skeptical first of all but it has improved my life after a sports injury. Stopped taking pain killers.
The company is going places but we just have to get this thing called Covid sorted.
Wonder what China has planned next for the world.
Weathergeek. To expand on your point. The Laws will get a lot tighter and the rubbish will be removed from the shelves March 2021. The FSA have so far refused to move that deadline even with Covid.
Oral Isolate products that have gone through the valid testing process will remain legal, as will any full spectrum products that have proper testing and approval, but it’s a lot cheaper and easier to gain approval of one compound CBD) as opposed to many... Also far easier to keep control of the quality of that with pure CBD Isolate only.
That is a positive for Zoetic.
Gaining approval early could also make it a lot easier to get products on shelves in stores, as those approved will be the only ones guaranteed to be able to stay on the shelves come March 2021 next year. A number of very large stores have already come under flak for selling stuff that wasn’t what it said it was, a major pharmacy in Ireland being one, and any company that has full approval is basically stamped as OK by the FSA.
Expect a whole load of existing brands, some large and loads / most of the small ones, especially those whose hopes remain on the CTA lobby, sounding very much like Greta with their hopes and dreams stolen come March next year...
Be interested to see UK sales figures. Been buy a fair bit myself and passing on the links to friends who are all loving the products. Ladies loving the face and hand creams too. Great company for a LTH. Market is going to keep growing as the world wakes up to the benefits of CBD and THC. Laws will relax and regulations strengthen for high quality product, ZOE has plenty of that..
the joint venture was obviously just a severance agreement, "Here Nick , take all this stock and get rid of it and you get a % of it"
That's why there was an inventory on Companies house I believe.
This distro deal is great news for the chill brand, more exposure outside of the USA, because of the frequent car travel through Europe we could see the brand get exposure like never before, a snow ball effect I hope.
Well that was a short and unsuccessful joint venture...
Small market relatively...but every little helps...exposure will do no harm and could be a start of more distribution agreements...
Positive news indeed.
Some good news. Should see the share price go up.
Highlights
? Executed an international distribution agreement covering the Czech Republic and Slovakia, the first for the Company's Chill brand.
? End of UK Joint Venture as the Company brings its UK operations under its full control.
Agreement reached with distributor in the Czech Republic and Slovakia
Zoetic is pleased to announce that an agreement has been reached with its first international distributor for its Chill brand of tobacco alternative CBD products (the "Agreement"). The Agreement will facilitate its entry into the Czech Republic and Slovakian markets, paving the way for further international expansion as the Company pursues its strategy to ensure Chill becomes a global brand.
In seeking out a distribution partner in this region, which the Company believes has significant potential, Zoetic has been extremely impressed by the distributor who have become an established player in the growing Eastern European tobacco alternative market. With an already deeply-rooted online presence and strong ties to the Czech Republic's leading tobacco network, they are well placed to take the Chill product range to market in this territory. In particular, the Agreement provide a clear roadmap for the distribution and sale of Chill products in filling stations and tobacco retailers across Slovakia and the Czech Republic.
This agreement marks the next chapter for the Chill brand as it continues to find a substantial audience on a worldwide level. Further discussions are ongoing with distributors in other territories and the Company looks forward to announcing further distribution agreements in due course.
Antonio Russo, Co-CEO of Zoetic, commented, "We could not be more pleased to have secured this further expansion of the Chill brand into the global market. The distributer has excellent connections and reach throughout the Eastern European region which will serve to truly enhance the potential of our products."
Conclusion of UK Joint Venture
As Zoetic continues to establish itself as a well-regarded CBD operator in the UK, the Company's Joint Venture (the "JV"), announced on 29 April 2020, with the Company's UK-based former CEO, Mr Nick Tulloch, has reached its natural conclusion, and has been mutually agreed that it should be terminated with immediate effect.
With the sustained expansion of Chill into foreign markets, the Company believes the Zoetic brand will begin to benefit from the synergy of combining both product distribution and executive decision making under the management of Co-CEOs Antonio Russo and Trevor Taylor.
The UK JV, covering Zoetic branded products, applied Mr Tulloch's operational expertise and knowledge of the UK landscape to assist the Company's management team during the transition of its commercial focus. This transitional period has now concluded and the Company would like to thank Mr Tulloch for his efforts and wish him all the best in his future endeavours.
Going forward, the Compan