Parsley Box, the direct to consumer provider of ready meals to the 60+ demographic, recently announced its AIM IPO plans. Parsley Box provides ready meals, which are not required to be stored in a fridge or freezer, have a shelf life of up to six months and are cooked in minutes. The company reported revenue of £24.4m for the financial year ended 31 December 2020 (unaudited). Deal details TBC and admission is expected to occur late March/ early April 2021. Caerus Mineral Resources, a London
Companies: SWEL TYM IUG CRU UFO SNT FFWD WAND INHC DEST
AMTE Power, a developer and manufacturer of lithium-ion battery cells for specialist markets, announced its intention to seek admission to trading on AIM. Admission is expected to take place during March 2021. The Company intends to raise approximately £7 million by way of a placing of new ordinary shares in the capital of the Company. Timing TBC.
Samarkand Group Limited, the cross-border eCommerce technology and retail group opening up the world's largest market for brands and retailers, in
Companies: MSYS SUN PYC SML EBQ SNG ADV LTG NET SWEL
Sativa Group Plc has announced that it has entered into a letter of intent with StillCanna where StillCanna will acquire the entire issued share capital of Sativa for StillCanna shares. StillCanna is one of the EU's largest hemp biomass cultivation and extraction companies, and the combination with Sativa creates a vertically integrated and fully compliant seed to sale EU business. We believe the businesses complement each other significantly and that the deal is attractive to shareholders of bo
Companies: Sativa Wellness Group Inc
Sativa Group has announced that it has commenced production of an alcohol-based hand cleanser with cannabigerol (CBG) in response to the increased demand for hand sanitation. Existing research and commercially available products show evidence that CBG is an effective antibacterial agent and is also believed to be effective in combatting MRSA, one of the most common hospital superbugs. The hand cleanser is expected to be available for sale in approximately ten days, subject to the Company receivi
Sativa Group has announced that its subsidiary, Goodbody Botanicals, has secured a CBD product listing with WH Smith Travel. WH Smith Travel operates 1019 stores, 586 in the UK and 433 internationally, with this initial listing for c100 of their highest footfall stores, leaving significant headroom to grow if successful. This listing has been won through the partnership with SHS Sales and Marketing and the Company notes this is the first completed agreement of numerous other potential national p
Sativa Group has released a trading update for its full year 31 December 2019. Sativa announced significant progress for all areas of the group and that trading for most of its businesses is in line with expectations, with gross profit and EBITDA loss for the group better than expectations. A major highlight is that Goodbody Botanicals has secured a leading position in the UK CBD market, penning agreements with major distributors SHS and Alliance Healthcare, with it announcing that it has alread
In its year-end trading update Sativa has confirmed that it has moved ahead strongly across all fronts and is well positioned to generate further growth in FY2020. Its principal retail-focussed division, Goodbody Botanicals has completely redesigned its branding and packaging and has entered into significant agreements with leading distributors SHS Distribution focusing on high street grocers and Alliance Healthcare targeting the UK’s 10,000-plus independent pharmacies. Results for FY2019 are ex
Sativa Group has announced that its subsidiary Goodbody Botanicals has secured a product listing agreement with Alliance Healthcare, one of the leading distributors and wholesalers of pharmaceutical, medical and healthcare products in the UK and Europe. This gives Goodbody Botanicals access to Alliance's customer base of 10,000+ high street retailers. In addition, Alliance's syndicated pharmacy salesforce, Skills in Healthcare, has been contracted to promote and sell the Goodbody Botanicals rang
Sativa Group, the UK's leading quoted CBD wellness and medicinal cannabis group, has announced that its wholly owned subsidiary George Botanicals has entered an exclusive brand partnership agreement with SHS Sales & Marketing (GB) Limited (SHS). SHS will distribute a range of “Goodbody Botanical” branded products to UK high street grocery, pharmacy and specialist customer retailers.
Sativa Group, the UK's leading quoted CBD wellness and medicinal cannabis group, has announced that its wholly owned subsidiary Sativa Cultivation and Extraction Ltd has been awarded a Controlled Drug licence for cannabis (with THC content of greater than 0.2%), by the UK Home Office. The Group is therefore able to immediately commence growing high THC medicinal cannabis to supply King's College London who in partnership with Sativa will research the impact of cannabinoids on inflammation and re
Sativa Group has recently announced interim results which show the progress being made to create a UK focussed medicinal cannabis and CBD wellness group. Revenues more than doubled sequentially and are expected to continue strong growth in the second half with the successful launch of the company's three Goodbody Wellness stores and its direct marketing platform combined with the forthcoming holiday season. New CEO Henry Lees-Buckley has the track record and skill set to take these newly establ
Sativa Group plc is an early mover into legal medicinal cannabis markets in the UK with multiple high growth downstream business including a cannabinoid testing lab, CBD wellness products, brand and retail stores, as well as a cannabinoid veterinary medicine business. With a strong management team and advisory board the company has positively refined its strategy and successfully promoted its business and consumer brands in an increasingly noisy marketplace. We believe Sativa is well positioned
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Companies: Naked Wines plc
Q3 beat, FY21 sales guidance upgrade, no change in the FY21/mid-term margin guidance are the ingredients of a very successful cocktail for Nestlé, which is definitely the best placed (amongst other food players) to ride out cost pressures.
Companies: Nestle (NESN:VTX)Nestle S.A. (NESN:SWX)
ZAM has issued a positive trading statement in respect of the full year ended 30 September 2021, requiring upgrades to our FY expectations. This has largely been driven by stabilisation in the macro situation, appreciation of the Kwacha in H2 and increased consumer spending as a result of an economic stimulus package. We upgrade FY2021 revenues by c10%, EBIT by 11% and adjusted PBT by c65%. Our target price remains under review.
Companies: Zambeef Products PLC
Samarkand Group Limited, the cross-border eCommerce technology and retail group opening up the world's largest market for brands and retailers, intends to IPO on the Apex Segment Aquis Stock Exchange Growth Market. Admission is targeted for March 2021. Cellular Goods a UK-based provider of premium consumer products based on biosynthetic cannabinoids announced its intention to join the main market (standard) this spring. Target valuation £20m raising c. £8m “to finalise the development and launch
Companies: SYM ABDX NBI BPM TND BRCK PRES ENET CDGP
Exactly one year ago, the FTSE 100 closed at 5,862, having fallen 100 points on the day, the lowest point since mid-May 2020, due in part, to the strength of sterling vs US$ at $1.34. One year on, the FTSE 100 has risen to 7,119, a rise of 21%, it remains 7% below the peak in January 2020. From an international viewpoint, US and European markets continue to trade at record highs. The US Federal Reserve is close to withdrawing some of its economic support this year as inflation picks up and the e
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Companies: Hotel Chocolat Group Plc
McCormick has evolved to become a leading producer and distributor of spices, seasoning mixes, hot sauces, condiments and other flavored products. The company has shown a consistent growth momentum, which was also reflected in its third-quarter results. The company’s most recent Q3 revenues grew by a decent rate of 8% (around 5% on a constant currency basis) and was fueled by strong contributions from Cholula and FONA. Despite the food industry suffering from heavy inflationary pressures, McCorm
Companies: McCormick & Company (MKC:NYSE)McCormick & Company, Incorporated (MKC:NYS)
Kerry’s CMD was a positive near-term catalyst, and we now see the opportunity for Kerry to close the growth and valuation gap with peers.
Companies: Kerry Group Plc Class A
Strong Q1 performance with sales ahead of consensus. We note the lack of FY22 guidance, but Pernod continues to be one of our top picks in the current inflationary environment.
Companies: Pernod Ricard (RI:EPA)Pernod Ricard SA (RI:PAR)