UK-based wellness company Cellular Goods PLC (LSE:CBX), known for its premium consumer products formulated with lab-produced cannabinoids, will begin offering products from its 'Look Better' skincare range in France and Germany starting this autumn.
The launch aims to tap into the substantial market potential in the EU, where France and Germany are amongst the largest cannabinoid markets.
Products expected to be available include Cellular's best-selling rejuvenating face serum, night cream, and nourishing face oil, all of which contain its breakthrough anti-inflammatory compound CBG.
Additional products such as SPF25 rejuvenating day cream and calming cannabinoid after shaving moisturiser will also be on offer.
The company is positioning this expansion to build momentum ahead of the peak Christmas shopping period, and the products will be available via its e-commerce website, www.cellular-goods.com.
"Over the course of the next few months, we will be achieving another milestone in this strategy by opening our e-commerce site to our French and German customers," said interim CEO Darcy Taylor.
"As the market for our 'Look Better' high-end skincare range experiences positive sales year on year, we want to continue expanding our distribution to deliver revenue growth and long-term shareholder value."