TIDMZOE
RNS Number : 6598V
Zoetic International PLC
16 April 2021
For immediate release 16 April 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')
Trading Update
Zoetic, the international CBD group, is pleased to provide an
update on its operations.
Overview
-- US rollout continues following October 2020 launch
o Chill products expected to be stocked in over 3,500 stores by
July 2021
o Broader consumer base targeted as brand enters new markets
-- New product launches across both core brands
o Chill brand CBD smokes to launch in the UK during Q2-2021
o New anti-ageing skincare cosmetics line to launch with the new
Zoetic website
-- Product websites due for relaunch in coming weeks
o Thechillway.com to launch with multi-lingual and currency
options to facilitate international sales
o Zoetic.com redesigned to cater to the luxury market
US rollout
The Group is pleased to report that the rollout of its Chill
brand of tobacco alternative products continues at considerable
speed. Since the announcement on 28 October 2020, further orders
have been placed by major distribution partners as the brand
expands across the US towards full commercialisation.
By July 2021, it is expected that Chill products will be on sale
in 3,500 high footfall outlets. This milestone will also mark the
Chill brand's full entrance into new high-growth markets including
Florida, Georgia, Virginia, North Carolina, Indiana, California,
and Missouri.
This rollout will continue to ramp up over the course of the
next 10 to 12 months and the information gathered during this
initial phase will allow Zoetic to guide its strategy.
International product launches
Zoetic products are set to expand both in terms of range and
international availability.
This includes Chill-branded CBD smokes, which are tobacco and
nicotine-free, entering the UK market for the first time. Consumers
will be able to purchase these products during Q2-2021.
Additionally, new anti-ageing skincare products have been added
to the Zoetic range of cosmetics products. As the brand's line of
CBD skincare products continue to attract critical acclaim, the
Group anticipates high demand for this new range as Zoetic
continues to cement itself as a major contender in the luxury
market.
Relaunch of product websites
As the Group's core CBD brands continue to grow in popularity,
its product websites have been redesigned and are now due to
relaunch in the coming weeks.
The online home of the Chill range of CBD products,
thechillway.com, has been equipped with multi-lingual and
international currency options to better facilitate worldwide sales
as the global market for tobacco-substitute products expands.
The Zoetic.com website, which hosts the Group's Zoetic-branded
CBD cosmetics products, has been overhauled to specifically cater
to the luxury sector. With multi-lingual and various currency
options due to follow in the near future, Zoetic will soon be
equipped to scale on an international level across its full product
range.
Trevor Taylor, Co-CEO of Zoetic, said: "This is a busy and
exciting time for us as our products enter new regions and we
capitalise on the growing health and CBD trends in our key markets.
We are particularly enthusiastic about the launch of Chill-brand
CBD smokes in the UK, and we are working hard to ensure that their
debut in this largely untapped market is a success. The timing for
the launch is ideal as we have recently received news that our CBD
products passed the Food Standards Agency's administrative check,
which all CBD brands in the UK must now pass before they can be
sold."
Antonio Russo, Co-CEO of Zoetic, added: "With a rapidly growing
physical store footprint and encouraging ecommerce sales figures,
our products are now reaching more consumers than ever before. As
always, we endeavour to provide investors with the opportunity to
access this high-growth sector through online channels and landmark
distribution agreements. We look forward to updating the market
further when we report our full-year results in July."
- Ends -
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) +44 (0) 20 3328 5656
Nick Harriss (Corporate Finance)
Nick Naylor (Corporate Finance)
Kelly Gardiner (Equity Sales)
Buchanan
Henry Harrison-Topham / Jamie Hooper Tel: +44 (0) 20 7466
/ Ariadna Peretz 5000
zoetic@buchanan.uk.com www.buchanan.uk.com
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