Business
Launch of Vapour Products
Launch of Vapour Products.
About this update from Chill Brands Group Plc
[{"type":"text","content":"\n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.\n \n \n \n \n \n \n \n 31 March 2023\n \n \n \n \n \n \n \n Chill Brands Group plc\n \n \n \n \n (\"Chill Brands\"\n \n or the \"Company\")\n \n \n \n \n \n \n \n \n Launch of Vapour Products\n \n \n \n \n \n \n Chill Brands Group, the international consumer packaged goods company, is pleased to provide an update on the launch of its new range of nicotine-free vapour products.\n \n \n \n \n \n Further to the announcement on 7 December 2022, an initial purchase order for Chill Brands' disposable nicotine-free vapour products has been received from a new distributor operating in Florida and the surrounding states. The purchase order represents a significant proportion of the Company's existing vapour inventory.\n \n \n \n \n \n The products, marketed as 'Chill Zero', are under consideration by numerous retail buyers representing some of the largest convenience store chains in the United States. Subject to confirmation of final purchase orders, the Company expects to have placed its entire first production run and is working with manufacturing partners to prepare for a reorder. Further information regarding the quantum of vapour sales made will be announced as purchase orders are fulfilled and related revenues can be recognised.\n \n \n \n \n \n \n Online Vapour Product Sales\n \n \n \n The Company is also taking steps to enable online sales of its vapour products via the Chill.com website. The 2019 US Preventing All Cigarette Trafficking (PACT) Act prevents the United States Postal Service (USPS) from shipping vapour products regardless of their nicotine content. Similar restrictions have been implemented by other major carriers, preventing many brands from making online direct-to-consumer sales.\n \n \n \n \n \n Chill Brands has procured a number of relationships with specialist carriers that will enable the Company to provide compliant home delivery of vapour products sold online via Chill.com. These shipping arrangements will allow the Company to secure what appears to be a sizeable opportunity to target online consumers who may be underserved by the wider vapour industry.\n \n \n \n \n \n Further announcements rega...