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High Tide Subsidiary Blessed CBD Included in UK Food Standards Agency's Public List of Cannabinoid Products Permitted for Sale
High Tide Subsidiary Blessed CBD Included in UK Food Standards Agency's Public List of Ca...
About this update from High Tide, Inc.
[{"type":"text","content":"\n \n \n \n High Tide Subsidiary Blessed CBD Included in UK Food Standards Agency's Public List of Cannabinoid Products Permitted for Sale\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Inclusion on the list represents a key stage on the path to full authorization, expected by 2023\n \n \n \n \n \n \n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n March 31, 2022\n \n \n /CNW/ – High Tide Inc. (\"High Tide\" or the \"Company\") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, announced today that its UK-based subsidiary, Blessed CBD, has been included in the Food Standards Agency's (FSA) public list of cannabinoid (CBD) products permitted for sale to consumers. This is a key milestone on Blessed's path to full authorization, expected no later than 2023, and cements its position as one of the UK's most popular and compliant CBD brands. Only those products included on the list have been authorized by the FSA to stay on the market, in line with the UK's Novel Food requirements.\n \n \n According to the Association for the Cannabinoid Industry (ACI), \"the UK is now the second largest market for consumer CBD, behind only the US,\" with total sales of £690 million in 2021,\"  representing  a doubling since 2019.\n \n 1\n \n \n \n \"This compliance milestone solidifies Blessed's position as a leader within the regulated UK CBD market, and comes on the heels of its recent entry into\n \n Germany\n \n , the EU's largest cannabis market,\" said Raj Grover, President and Chief Executive Officer of High Tide. Both of these milestones further validate our s...