IN BRIEF: Cellular Goods confirms name change to Cel AI

Cellular Goods PLC - London-based developer of cannabidiol skincare and wellness products - Renames to Cel AI PLC and will take effect on the London Stock Exchange Main Market. Says its ticker will be changed to "CLAI".

In January, Cellular said it will change its name, as it shifts focus toward using artificial intelligence to recommend personalised skincare and beauty routines. The new name "better reflects the company's intention to build an active and engaged community of strategic brand ambassadors and beauty experts who offer scalable beauty advice and product recommendations that go well beyond the current Cel AI CBD offerings", the company explained.

Current stock price: 0.38 pence

12-month change: up 32%

By Sophie Rose, Alliance News senior reporter

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