Sativa Wellness Group announces German distribution agreement for Goodbody Brand

Sativa Wellness Group Share Price

Sativa Wellness Group Inc. (LON:SWEL) has announced today that it has signed a distribution agreement with German partners Lexamed GMBH. This exclusive agreement will allow both parties to work together to build the Goodbody CBD brand within Germany with plans to expand this to other European countries in the future. The German market has a strong CBD market, and this is a great opportunity for both companies. The existing Goodbody range will be offered through a number of channels in Germany and the companies will also work together to develop new products for the European market in conjunction with Sativa Wellness’s polish extraction and manufacturing facility.

Sativa Group Limited and Lexamed currently share ownership of a joint venture company  Sativa GMBH. As part of this agreement the Company will transfer full ownership of Sativa GMBH to Lexamed and Sativa GMBH will be renamed as Lexalife GMBH (“Lexalife”). Lexalife will act as the distribution partner in Germany for Goodbody Botanicals Limited, Sativa’s CBD production and distribution subsidiary.

Geremy Thomas, Sativa Wellness Group Inc. Executive Chairman, says; “We are really excited about this new development with an existing partner which opens up so many opportunities and helps Sativa to deliver its strategic plan of increasing our footprint in Europe.”

You might also enjoy reading  Sativa Wellness Group Rule 19.6(c) Takeovers and Mergers update
Find more news, interviews, share price & company profile here for:
Sativa Wellness Group inc

Good news travels fast (but only if you make that happen):

Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on facebook
Facebook
Share on email
Email
Share on reddit
Reddit
Find more news, interviews, share price & company profile here for:
Sativa Wellness Group inc

AIM All Share Index