Sativa Investments (LON:SATI) have made an exciting start to 2019 with the release of a trading update and the announcement of plans for new wellness centres.
Sativa Investments listed on NEX Exchange in March 2018 and was the first London listed cannabis investment vehicle available to UK investors.
In early January the company released a trading update that outlined the progress of their investments.
Geremy Thomas, Sativa Investments Founder & Chief Executive Officer commented on the progress:
“The Company has made significant progress since its admission to the NEX Exchange Growth Market in March last year. The Company’s operations now cover seed growing, in so far as the Company has already successfully grown a hemp crop under the CEO’s own growers’ licence, and along with great strides in developing its medical cannabis business, and has researched, tested, marketed and sold CBD products.
“Sativa now has a solid base on which to build its seed-to-consumer model and this next round of fund raising will allow institutions and other investors to participate in what is expected to be a major UK industry.”
Wellness Centres
Sativa’s trading updates was closely followed by the announcement of plans for Wellness Centres named Goodbody & Blunt.
The centres will consist of drop in centres where individuals will be able purchase a range of CBD (cannabidiol) products.
CBD products such as oil do not contain psychoactive THC and have long been available for sale in the UK and can be purchased in many supplement stores.
While the distribution of CBD is not amazingly groundbreaking it does provide Sativa Investments time to build the Goodbody & Blunt brand in anticipation of recreational legalisation of cannabis with THC in the UK.
The UK fired the starting gun on potential recreational legalisation when last year medicinal cannabis was very publicly legalised. Taking the examples of the United States, Canada and a number of countries in Europe, it takes around 3-5 years from medicinal legalisation to recreational legalisation.
Sativa Investments have appointed Chris Jones to head up the unit who brings experience from the vaping and mobile phone markets.
