Share Name Share Symbol Market Type Share ISIN Share Description
Sativa Group Plc NEX:SATI NEX Ordinary Share GB00BFX17474
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 2.625 2.50 3.00 2.75 2.50 2.625 131,553 16:30:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Sativa Group PLC Food Standard Authority ("FSA") guidelines welcome

14/02/2020 3:09pm

UK Regulatory (RNS & others)


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RNS Number : 1057D

Sativa Group PLC

14 February 2020

 
 Press Release   14 February 2020 
 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Sativa Group Plc

("Sativa" or "the Company" or "the Group")

Sativa Group welcomes new Food Standard Agency ("FSA") guidelines

Sativa Group notes the recent announcement by the Food Standards Agency ("FSA") concerning the safe use of CBD products and the timetable for Novel Food authorisation. It welcomes the clarity of a regulatory framework as an important step leading to the development of a safe and legal market in the UK for CBD.

Sativa's products, sold under the Goodbody Botanicals, Goodbody Wellness, Tessellate and GB brands, are THC free and are rigorously tested before despatch to ensure that they are free of solvents and other contaminants. Product labelling and packaging clearly explains the recommended daily intake, which is in-line with FSA guidelines. The QR code on each label links to the website giving the Certificate of Analysis of each specific batch.

Sativa, as a founding member of the Association for the Cannabinoid Industry, is at the vanguard of setting industry standards and engaging with regulators, and is fully committed to the process of obtaining Novel Food regulatory approval for its products.

Henry Lees-Buckley, Chief Executive Office of Sativa, said: "This guidance from the FSA will reassure our customers and distribution partners that Sativa is at the forefront of building a sustainable CBD wellness industry. Sativa, incorporating its Phytovista Laboratory, Home Office licences for research with King's College London, and Scientific Advisory Board, continues to invest in the infrastructure to ensure we are fully compliant with industry regulation."

   -     Ends - 

Media enquiries.

 
 Abchurch Communications   julian.bosdet@abchurch-group.com 
  Julian Bosdet             www.abchurch-group.com 
  +44 (0)207 4594 4070 
  +44 (0) 7771 663 886 
 

For further information please contact:

 
 Henry Lees-Buckley               Joseph Colliver 
  Chief Executive Officer          Chief Financial Officer 
  Sativa Group Plc                 Sativa Group Plc 
  +44 (0) 20 7971 1255             +44 (0) 20 7971 1255 
 
  enquiries@sativagroup.co.uk      enquiries@sativagroup.co.uk 
  www.sativagroup.co.uk            www.sativagroup.co.uk 
 NEX Exchange Corporate Adviser 
 
  Corporate Finance                 Equity Sales 
  Stephen Keys / Max Gould          Julian Morse 
  Cenkos Securities plc             Cenkos Securities 
  +44 (0) 20 7397 8900              +44 (0) 20 7397 8900 
                                 ----------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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February 14, 2020 10:09 ET (15:09 GMT)

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