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Sativa Group PLC (SATI)

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Friday 14 February, 2020

Sativa Group PLC

Food Standard Authority ("FSA") guidelines welcome

RNS Number : 1057D
Sativa Group PLC
14 February 2020
 

 

Press Release

 

14 February 2020

 

 

 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain. 

 

 

Sativa Group Plc

 

("Sativa" or "the Company" or "the Group")

 

Sativa Group welcomes new Food Standard Agency ("FSA") guidelines

 

Sativa Group notes the recent announcement by the Food Standards Agency ("FSA") concerning the safe use of CBD products and the timetable for Novel Food authorisation.  It welcomes the clarity of a regulatory framework as an important step leading to the development of a safe and legal market in the UK for CBD. 

 

Sativa's products, sold under the Goodbody Botanicals, Goodbody Wellness, Tessellate and GB brands, are THC free and are rigorously tested before despatch to ensure that they are free of solvents and other contaminants.  Product labelling and packaging clearly explains the recommended daily intake, which is in-line with FSA guidelines.  The QR code on each label links to the website giving the Certificate of Analysis of each specific batch. 

 

Sativa, as a founding member of the Association for the Cannabinoid Industry, is at the vanguard of setting industry standards and engaging with regulators, and is fully committed to the process of obtaining Novel Food regulatory approval for its products. 

 

Henry Lees-Buckley, Chief Executive Office of Sativa, said: "This guidance from the FSA will reassure our customers and distribution partners that Sativa is at the forefront of building a sustainable CBD wellness industry.  Sativa, incorporating its Phytovista Laboratory, Home Office licences for research with King's College London, and Scientific Advisory Board, continues to invest in the infrastructure to ensure we are fully compliant with industry regulation." 

 

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Media enquiries. 

Abchurch Communications

Julian Bosdet

+44 (0)207 4594 4070 

+44 (0) 7771 663 886 

[email protected]

www.abchurch-group.com

 

 

For further information please contact: 

 

Henry Lees-Buckley 

Chief Executive Officer

Sativa Group Plc 

+44 (0) 20 7971 1255

 

[email protected]

www.sativagroup.co.uk

Joseph Colliver

Chief Financial Officer

Sativa Group Plc 

+44 (0) 20 7971 1255

 

[email protected] 

www.sativagroup.co.uk

NEX Exchange Corporate Adviser

 

Corporate Finance 

Stephen Keys / Max Gould 

Cenkos Securities plc 

+44 (0) 20 7397 8900

 

 

Equity Sales 

Julian Morse

Cenkos Securities

+44 (0) 20 7397 8900

 


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