Getting good press coverage11 Oct 2023 10:09
Cellular Goods PLC, up 25% at 0.53 pence, 12-month range 0.40-2.00p. The cannabidiol-focused skincare brand announces that 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. Springtide Seaweed focuses growing, cultivating and harvesting kelp and providing nursery and farm technology services to other kelp farms. Under the collaboration, King Tide and Springtide will combine efforts to identify, analyse and select kelp species, cultivation techniques and harvesting techniques to maximise carbon sequestration and removal. The term of the joint venture will be for two years, with an option to extend.