Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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And another box ticked.....moving nicely so far so covid,or no covid things looks very positive....GLA.
The other two distribution deals lined up before this one even appeared were to take the store reach to 12,000. With this one curveball one it stands at 6,000....
This named distributor today has several big chains in its list of retailers it supplies.....
well looks like the market like what they see in the RNS
Thanks, gallini this LSE site are very poor in indicating RNS's when they come out. Lets hope this flies today.
Thank you gallini.
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New Distribution Agreement and Trading Update
ZOETIC INTERNATIONAL PLC
Released 07:00:07 01 June 2020
RNS Number : 4513O
Zoetic International PLC
01 June 2020
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information for the purposes of Article 7 under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.
Zoetic International plc
("Zoetic" or the "Company")
1 June 2020
New Distribution Agreement
Trading & COVID-19 Update
Total Voting Rights
Zoetic International plc (LSE: ZOE), the London-listed vertically integrated CBD and natural resources company, is pleased to provide the following update on its operations.
Highlights
? Executed distribution agreement with a US multi-state provider.
? The Chill brand's total reach with fully executed distribution agreements now totals over 6,000 retail outlets.
? While COVID-19 has slowed the roll-out, the position is now looking more positive.
? Discussions with AATAC continue.
Multi-state distribution agreement
Chill, Zoetic's tobacco alternative brand, is pleased to announce that it has signed a distribution agreement with a new partner BettermentRS to market Chill products to their network of outlets (the "Agreement"). The Agreement is the latest development from the Company's strategic partnership with Ox Distributing LLC ("Ox"), who continues to be instrumental in advancing the Chill brand with successful direct store distributors ("DSD"). The Board strongly believes that DSD are critical for shelf placement and education of products to quickly capitalise on this multi-billion Dollar industry.
Trading & Covid-19 Update
The Agreement brings the Company's total number of active distribution agreements in the USA to four, covering over 6,000 retail outlets. Zoetic is prepared to roll out the Chill brand at the rate of around 500 stores per month (as previously announced on 5 February 2020), however this roll out has been delayed by the COVID-19 pandemic, as many retail outlets have been closed or experienced greatly reduced foot traffic (as set out in the announcement of 20 March 2020).
However, it is now becoming clear that lockdown restrictions are being relaxed throughout the USA and the Board has been preparing diligently to ensure it is ready to capitalise on the opportunity. US states are gradually opening back up with plans that incorporate tiered phases. The Company anticipates having an early indication in the coming weeks of how the roll-out plan is progressing.
The Company remains engaged in negotiations with AATAC (as previously announced on 5