CBX.L Share News (CBX)

Cellular Goods shares soar on Springtide Seaweed kelp farming deal

(Alliance News) - Cellular Goods PLC on Wednesday said its wholly-owned subsidiary, King Tide Carbon Canada Ltd, has signed an agreement with Springtide Seaweed LLC to form a joint venture focused on carbon sequestration and removal services through sustainable kelp farming.

SMALL-CAP WINNERS & LOSERS: Forterra shares drop on profit warning

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

TRADING UPDATES: Chariot oversubscribed from GBP2.3 million fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Cellular Goods subsidiary & Springtide Seaweed sign kelp farming deal

(Alliance News) - Cellular Goods PLC on Monday said its wholly owned subsidiary King Tide Carbon Canada Ltd has signed a memorandum of understanding with Springtide Seaweed LLC for the development of carbon sequestration and removal services through kelp farming.

Cellular Goods inks payment partnership with Klarna

(Alliance News) - Cellular Goods PLC on Monday said it has an agreement with Klarna Bank AB, a Swedish provider of online financial services.

IN BRIEF: Cellular Goods products go live on Sephora's site

Cellular Goods PLC - London-based skincare and wellness company providing consumer products formulated with lab-produced cannabinoids - Begins selling its 'Look Better' skincare range and selected products from its 'Gift Better' gifting range on Sephora. Cellular Goods said it has entered into a contract with Paris-based beauty and cosmetics retailer Sephora earlier this month. Says ten products in total are available, ranging in price from GBP32 to GBP99 each. Adds that the launch is part of its strategy to drive revenue by expanding its online sales channel.

LONDON MARKET CLOSE: Stocks lower as Bank of England decision looms

(Alliance News) - Stocks in London closed lower on Wednesday as investors digested the latest inflation print in the US and nervously awaited the Bank of England's next interest rate decision.

Cellular Goods shares jump after deal with cosmetic retailer Sephora

(Alliance News) - Shares in Cellular Goods PLC more than doubled to 1.45 pence in London on Wednesday following the reveal of a product placement deal with cosmetics retailer Sephora.

IN BRIEF: Cellular Goods completes King Tide acquisition

Cellular Goods PLC - London-based skin care and wellness company providing premium consumer products formulated with biosynthetic and lab-produced cannabinoids - Completes the acquisition of King Tide Carbon PTE Ltd. Deal is to be satisfied by the issue of 95 million shares to the sole shareholder of King Tide, Matthew Lodge. Further, grants Lodge a warrant over 5 million shares at an exercise price of 0.97 pence each. Explains one third of the warrants vest on May 5, 2024, with the remaining two thirds vesting in 24 equal monthly instalments thereafter. Points out the acquisition has no revenue currently but is forecast to generate revenue by the end of the year.

IN BRIEF: Cellular Goods interim loss narrows as revenue rises

Cellular Goods PLC - London-based cannabinoid consumer products company - Posts revenue of GBP31,022 for the six months ended on February 28, up from GBP13,058 a year earlier. Pretax loss narrows to GBP1.8 million from GBP2.4 million, as administrative expenses also reduce to GBP1.8 million from GBP2.4 million. Says it has expanded its product range with the introduction of three new rejuvenating skincare products in September last year, followed by the launch of a gift set collection for the festive season. Looking ahead, says the current trading remains encouraging and sales in March set a new record, as it remains focused on achieving further progress in 2023.

IN BRIEF: Cellular Goods plummets as pulls out of Cannary acquisition

Cellular Goods PLC - London-based cannabinoid consumer products company - End negotiations for its proposed acquisition of Cannaray Brands Ltd & Love CBD Health Ltd from Cannaray Ltd. The companies are subsidiaries of Cannary Ltd. Says that "as a result of changes in the deal itself, it was not in the best interests of shareholders to proceed."

UK shareholder meetings calendar - next 7 days

EARNINGS SUMMARY: Cellular Goods and British Honey suffer widened loss

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News.

IN BRIEF: Cellular Goods CBG skincare range launched in Debenhams

Cellular Goods PLC - London-based cannabinoid consumer products company - Says 'Look Better' skincare range will be available for purchase on Debenhams' online premium marketplace, Debenhams.com, from Monday. Eight of its cannabinoid-based skincare products will be offered, making it the first cannabigerol-based skincare brand to offer products on Debenhams. CBG is a cannabinoid that comes from the cannabis plant.

Cellular Goods to acquire Cannary subsidiaries; CEO steps down

(Alliance News) - Cellular Goods PLC on Monday said that it has signed a letter of intent with Cannary Ltd to acquire Cannary Brands Ltd and Love CBD Health Ltd.