Sativa Group Plc (NEX: SATI), the UK’s leading quoted medicinal cannabis and wellness cannabidiol (CBD) Group with two fully trading UK businesses, added a third on Saturday 29th June with the opening in Bath of the first of a planned national chain of Goodbody Wellness specialist retail outlets.
The store was launched last Friday evening by Mr Crispin Blunt MP, Member of Parliament for Reigate, and Co-chair of the All Party Parliamentary Group for Drug Policy Reform.
Whilst not in any way a Group forecast, in the first weekend of trading, footfall, turnover and average transaction value were ahead of expectations on both days. Customer feedback was exceptionally positive with them engaging with trained staff about the key elements of product traceability, testing, and balance in terms of wellness. The Directors believe that this early success is proof of concept. Cirencester and Clifton, Bristol branches are to follow within weeks.
The 60.67 sq. m. (653 sq. ft.) retail unit has frontage on to the prime, high footfall, Broad Street and Milsom Place City-centre shopping destinations. It provides a range of more than 50 CBD products, and offers customers the opportunity to try CBD infused coffee and tea. Customers also have the opportunity to purchase CBD coffee in bean form and tea to take home and enjoy in their own environment. Opening hours are Monday – Saturday 09:00 am to 6.00 pm and Sunday 11:00 am to 5:00 pm.
The consumer experience consists of focused knowledge and support from highly trained staff who are able to advise customers on the range of CBD products available and the best way to use and apply those products. CBD is believed to boost the body’s endo-cannabinoid system which works to restore homeostasis and balance. CBD enriched products available include skincare, tinctures, balms, bath bombs, vape oils, body oils and capsules.
All of the stock passes scientific laboratory testing by Sativa’s own independent laboratory, Phytovista, sits within the legal content guidelines, and the amount of CBD contained being as described.
Geremy Thomas, Sativa Group plc Chief Executive and founder, said:
“Goodbody Wellness is the UK’s first prestige CBD store and the Bath launch was a great success, with customer feedback being that the format is exactly what they wanted.
“This opening marks the start of what we intend to be a major high street journey for Goodbody as CBD wellness products gain wider acceptance in the UK.
“Our product development and manufacturing capability allows multiple routes to market and the roll out of our Goodbody store network will drive revenues. Bath is the first of three pilot stores after which the Company intends to roll-out a national franchise network, because the Directors believe that this is the fastest and least capital-intensive route to a national footprint.”
The Directors of the Company accept responsibility for the contents of this announcement.
Photographs of the official opening by Mr Crispin Blunt MP have been despatched to national picture desks and are also available from Abchurch.