Voyager Life is an early-stage company offering CBD-based products. The company has been in existence for around eight months and revenues are small.
The latest share issue was eligible for Enterprise Investment Scheme and Venture Capital Trust tax benefits. The cash raised in the past few months will be spent on further product development and increasing marketing, which includes rebranding. There are also plans for retail stores.
Voyager Life has raised its profile thanks to the Seedrs crowdfunding and flotation. It is still early days, but revenues and orders are growing from a low base.
The share price has fallen to 40.5p (39p/42p) since trading commenced. There have been eight trades of between 2,000 and 10,000 shares. It appears that crowdfunding investors may have d...