Sativa Wellness works toward becoming one of the best-known wellness brands

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  • Sativa Wellness says trading goes strongly after first-quarter revenues, profits soar
  • Sativa Wellness Group revenues soar, achieving their goal of opening 30 Covid-19 testing stores
Sativa

Quick facts: Sativa Wellness Group Inc

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Sativa Wellness Group Inc is a CBD wellness company.

The company manages the cultivation of raw materials, owns extraction, packaging and testing facilities, and is focused on developing consumer products under the Goodbody brand.

The product range includes CBD based gels, balms, capsules, tinctures, gummies, and other products. Geographically, it derives a majority of revenue from Europe.

25 May 2021

. () said the second quarter has started “very strongly” after posting some “satisfying” first-quarter numbers.

In the three months to 31 March, the CBD company posted a 377% increase in revenue to GBP1.3mln, with gross profit up 234% to GBP707,000.

Adjusted underlying loss was halved to GBP404,000 and loss per share was 63% lower at 0.3p.

The group also submitted a novel food application to the Food Standards Agency ahead of the 31 March 2021 deadline.

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04 May 2021

() said innovations to expand its products and services in the wellness sector, as well as the expansion of its clinics, are “working well” as it updated investors on its performance over the last year.

In its results for the year to December 31, 2020, the cannabidiol (CBD) specialist said it had responded to the effects of the Coronavirus (COVID-19) pandemic during the year by reducing staffing levels and costs as well as utilising its UK production facility to produce hand sanitiser under its Goodbody brand as well as white label products for restaurants and businesses, leading to a record month to date performance in June followed by July.

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28 Apr 2021

() appointed Marc Howells as its new chief executive and Anne Tew as its new chief financial officer.

Geremy Thomas, who was interim CEO, will continue in his role as executive chairman.

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25 May 2021

‘s () (CSE: SWEI) Geremy Thomas talks to Proactive London’s Katie Pilbeam about their Q1 2021 financial statements.

He talks through all of the various sectors of the firm, maintaining its presence within the CBD sector producing both quality isolate and distillate in Poland for the CBD market as well as continuing to produce a range of quality end products through its ‘Goodbody’ brand in the UK.

Thomas goes through some of the numbers, with revenues up 377% and adjusted EBITDA loss reduced by 50%.

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Sativa Wellness Group revenues soar, achieving their goal of opening 30…

Sativa Wellness Group Inc’s (LON:SWEL) (CSE: SWEI) Geremy Thomas talks to Proactive London’s Katie Pilbeam about their Q1 2021 financial statements.

He talks through all of the various sectors of the firm, maintaining its presence within the CBD sector producing both quality isolate and…

5 hours, 56 minutes ago

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