South West Brands PLC, a cannabidiol (CBD) consumer goods firm, has unveiled plans to list on the standard segment of the London Stock Exchange’s (LSE’s) main market next month.
The company, which develops, licences and markets CBD products across the UK, said it is in “an exceptional position to capitalise on the current window of opportunity presented by the recent lifting of restrictions and regulatory progress in the CBD industry in the UK”, adding that it is also aiming to raise equity through a share placing in concurrence with the listing in order to develop its intellectual property portfolio and adding more brand assets over the first two years following admission.
READ: South West Brands targets growing UK investor interest in CBD market
South West also said it is engaging with UK institutional funds and “sophisticated investor clients” of Arden Partners to raise equity.
“This is a key moment in the development of the CBD industry. South West Brands is uniquely placed to take advantage of this growing market and the significant opportunity that exists in branded goods. The time is right to advance consumer products expertise, discipline, and structures that can elevate the industry and consumer experience, ultimately building world class brand assets that utilise CBD”, South West Brands chief executive Rebekah Hall said in a statement.
“Our listing on the London Stock Exchange will enable South West Brands to access the new pool of cannabis investors that has grown in London following the successful admission of a number of cannabis companies in 2021. The Admission will allow the Group to advance to the next stages of its growth plans, and build a suite of strong brands that not only utilise CBD, but drive consumer engagement and product sell-through, something which has been missing in the industry thus far”, the CEO added.
South West’s brands include Botanic Lab, the first CBD soft drink launched in Europe in 2018, as well as two upcoming brands, a Generation Z beauty and wellness brand Love,MeMeMe, and menstrual cycle care brand FEWE.
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