Impressive5 Apr 2022 09:50
· Portfolio companies Yooma, SWB, and CiiTECH have featured on the FSA's list of CBD products that may stay on the market in England and Wales
· Products which appear on the list are linked to novel food applications which the FSA already validated or considered that are sufficiently progressing towards validation
· The UK becomes one of the first countries to regulate the sale of CBD products as foodstuff to consumers
Alfredo Pascual, VP of Investment Analysis of SEED, commented: "We are very encouraged to see the inclusion of a number of our investee companies' products within the FSA's public list of CBD products that may stay on the market in England and Wales. The hard work being carried out by our portfolio companies to meet the UK's legal and regulatory requirements indicates a high level of level of commitment to quality and safety, bringing much needed clarity to consumers.
"We welcome regulatory certainty in the sector and look forward to further progress as the sector continues to establish itself."