Fully listed Chill Brands (LON: CHLL) is the best performer on the London Stock Exchange today with a 27.1% jump in the share price to 11.375p. The CBD products supplier has signed a deal with The Vaping Group to launch nicotine-free vapour products.
UK sales of Chill Zero vapour products are expected to start in the summer. The Vaping Group has access to specialist and independent convenience stores in the UK. The UK vaping market is expected to grow to £4.5bn in 2027.
The Vaping Group will then help to launch the products in other European markets. The products are already being sold in the US and on the Chill.com ecommerce platform.
At the beginning of April, Chill Brands raised £1m at 4p a share. It also issued £1.6m worth of loan notes convertible at 8p a share and offering a coupon of 12%.