London CBD firm expands internationally despite logistics problems
An expanding, London based, CBD company has totalled more than US$500K in sales recorded during period between July 1 2021 and September 30 2021.
In addition, all of Chill Brands PLC’S previously announced targets and distribution agreements remain in place despite international logistics issues influencing speed of rollout.
The firm’s board has also closely engaged with Strategic Advisors to devise and implement new investor relations and public relations protocols.
The Group stated that its efforts are focused on making a success of its US product rollout. However the pace of the programme has been influenced by the widespread international logistical delays. The board of directors are reportedly seeking to mitigate the effects of these delays.
Chill Brands PLC will not issue sales updates on a regular quarterly basis and will instead seek to “communicate more fluidly with the market as new information becomes available”.
Trevor Taylor, co-CEO of Chill, said: “We are pleased that the Group’s US rollout continues to generate significant sales. While it is regrettable that logistics issues have impacted on the pace of the rollout in the short-term, we are confident that previously announced targets are realistic and achievable.
“We are grateful to shareholders for their patience in respect of the release of these figures and are working diligently with Viridian’s expert team to enhance the Group’s approach to investor relations and market communications.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.