Chill Brands Group PLC (LSE:CHLL, OTCQB:CHBRF) shares jumped 13% higher as the company announced the expansion of its Chill.com product marketplace with a new agreement.
The CBD group said it has signed a deal with Valet Seller, an e-commerce accelerator supporting over 500 direct-to-consumer brands. The partnership is intended to make it easier to add many more brands to the Chill.com website.
In a statement, Callum Sommerton, chief executive officer of Chill Brands, said: "We are steadily putting in place the infrastructure that will better enable Chill Brands to generate revenues and deliver value for shareholders.
"The company will benefit from a diversified business model that encompasses sales of our own-brand CBD-based items and nicotine-free vapour products along with commissions earned from the sale of products from third-party brands."
Around 8.45am, Chill Brands' stock was up 13.3% at 9.40p.