Zoetic International PLC US Distribution Update (1068Q)
February 24 2021 - 1:00AM
UK Regulatory
TIDMZOE
RNS Number : 1068Q
Zoetic International PLC
24 February 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT)
REGULATIONS 2019/310. UPON THE PUBLICATION OF THIS ANNOUNCEMENT,
THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC
DOMAIN.
24 February 2021
Zoetic International plc
('Zoetic' or the 'Group')
Update on the rollout of the original US Distribution
Agreement
Zoetic (LSE: ZOE), the international CBD group, is pleased to
provide the following update on its operations.
Further to the rollout of the new distribution agreement (the
'Agreement'), announced on 19 November 2020 , Zoetic's Chill brand
of tobacco alternative CBD products is now set to be stocked by one
of the largest tobacco-focused retail chains in the US (the 'Retail
Chain'), which previously oversaw the growth of one of America's
highest-selling tobacco-free nicotine pouch brands. The Group
expects to grow market share due to the Retail Chain's significant
number of high footfall stores that will sell Chill products from
high-visibility point of sale display stands.
The Group will provide further updates in due course as the
rollout continues.
Antonio Russo, Co-CEO of Zoetic, commented: "This Agreement
marks a pivotal moment in the progress of our US rollout and
demonstrates the high calibre of retail placements that our
distribution partners continue to make. Our Chill products will now
benefit from the established reputation of one of the largest
tobacco-focused retail chains in the US. This chain was
instrumental in the success of other tobacco alternative products
in stores and we are hopeful that we will receive similarly
positive results, establishing Chill as one of America's favourite
CBD brands."
- Ends -
Media enquiries:
Zoetic International plc c/o Buchanan
Trevor Taylor, Co-CEO
Antonio Russo, Co-CEO
Allenby Capital Limited (Financial Adviser
and Broker) +44 (0) 20 3328 5656
Nick Harriss (Corporate Finance)
Nick Naylor (Corporate Finance)
Guy McDougall (Equity Sales)
Buchanan
Henry Harrison-Topham / Jamie Hooper Tel: +44 (0) 20 7466 5000
/ Ariadna Peretz
zoetic@buchanan.uk.com www.buchanan.uk.com
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END
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