Shares in the wellness group Cellular Goods PLC (LSE:CBX) rose 7% in early trade following the announcement that it will begin offering products from its 'Look Better' skincare range in France and Germany, starting this autumn.
The expansion is aimed at tapping into the significant market potential in these two countries, which are among the largest cannabinoid markets in the EU.
The products set to be available include a variety of skincare items containing the company's breakthrough anti-inflammatory compound CBG.
This move is seen as a strategic effort to build momentum ahead of the peak Christmas shopping period, with products available for purchase through the company's e-commerce website.
At 9.10 am the shares were changing hands for 0.8p, up 0.051p.