Update on 'Chill' orders

RNS Number : 7355Y

Zoetic International PLC

17 May 2021

 

17 May 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310

Zoetic International plc

('Zoetic' or the 'Group')

Update on 'Chill' orders

Zoetic, the international CBD group listed on the Standard Segment of the Official List, is pleased to provide the following update on orders that the Group has received for its 'Chill' brand of smokes and chews in the United States since the start of the Group's current financial year, being the period from 1 April 2021 through to 14 May 2021.

In April 2021, the Group received orders for its 'Chill' brand totalling US$0.34 million from a number of previously announced distribution partners in the United States rolling out 'Chill' to over 2,000 stores.  Up to 14 May 2021, the Group had received additional orders in excess of US$1.0 million for its 'Chill' brand and has continued to increase the roll out of 'Chill' into stores operated by the previously announced distribution partners.

Following receipt of the orders outlined above, the Group is trading profitably.  Going forward, the Group intends to report on its sales on a quarterly basis.

Trevor Taylor, Co-CEO of Zoetic, said: "These orders that we have received for our 'Chill' brand in the last six weeks clearly demonstrates that there is strong demand for our product and that we have installed the right distribution channels in the US.  We look forward to updating the market further when we report our full year results in July."

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Publication on website

A copy of this announcement is also available on the Group's website at www.zoeticinternational.com

Media enquiries:

Zoetic International plc		c/o Buchanan
Trevor Taylor, Co-CEO Antonio Russo, Co-CEO
Allenby Capital Limited (Financial Adviser and Broker)		[phone]
Nick Harriss/Nick Naylor (Corporate Finance)
Kelly Gardiner (Equity Sales)
Buchanan
Henry Harrison-Topham / Jamie Hooper / Ariadna Peretz		Tel: [phone]
[e-mail]		www.buchanan.uk.com

 

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