Business
AGM Statement
AGM Statement.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.\n19 September 2023\nChill Brands Group plc\n(\"Chill Brands\" or the \"Company\")\nAGM Statement\n \nChill Brands Group, the consumer packaged-goods distribution company, will hold its Annual General Meeting (\"AGM\") today at 3.00pm (BST). At the AGM the Company's Chief Executive Officer, Callum Sommerton, will make the following statement:\n\"We have once again reached our AGM after what has been an exciting transitional year for the Company.\nA highlight of the year has been the relaunch of the Chill.com website. The platform has undergone a significant transformation and is evolving into a marketplace for wellness products, natural supplements, and reduced harm alternatives. Through this marketplace, we will offer a curated selection of products that contribute to the overall well-being of our customers, delivering the social and recreational benefits they enjoy while minimising the potential harm associated with traditional substances like tobacco and alcohol.\nThe marketplace strategy enables us to diversify our offering and explore new opportunities without adopting the financial risk of product development or inventory acquisition across multiple categories. We expect this to become a sustained revenue centre as the roster of brands available to purchase expands and the number of visitors grows.\nWe have also released our nicotine free vapour products in the US and, most recently, in the UK. The 'Chill ZERO' range of products has received an exceptionally warm reception from consumers and pilot stores, with encouraging sell through rates that clearly demonstrate product market fit. This initial success has opened the door to discussions with larger retailers and distributors. I look forward to sharing further information on these developments in the near future.\nWhile I am keen to highlight the Company's positive outlook and progress over the past 12 months, it would be remiss of me to not also take this opportunity to address recent media speculation regarding the legal status of disposable vape products in the UK.\nRegardless of the manner in which it has been reported by some outlets, it is important to emphasise that as of now, no formal ban on disposable vapes has ...