RE: algorithm6 Jan 2021 18:58
back mid november....
Improvements made to Chill brand CBD Gummies as preparations made for Food Standards Agency novel foods application
The Company is pleased to report that constructive progress has been made in the preparation of its novel foods application to the UK Food Standards Agency (the "FSA"). Following the FSA announcement that CBD companies must have a validated novel food application for each of their products, Zoetic is making good progress towards meeting this regulatory obligation and anticipates doing so well ahead of the deadline on 31 March 2021.
Working closely with the dedicated CBD division of leading international law firm CMS, the Company intends to use this opportunity to demonstrate its expertise in the field of compliance, thus building on its competitive advantage, whilst recognising the opportunities that may arise should competitors fail to meet the regulatory hurdle, potentially causing their products to be withdrawn from the market.
As Zoetic moves towards the final stages of the application process, the Company is focusing its efforts on continuing to source organic ingredients for all of its branded products. Zoetic is continuously striving to use the most sustainable and, where possible, organic ingredients for all of its products, with transparent and honest ingredients lists.