Chill Brands Group PLC (LSE:CHLL, OTCQB:CHBRF) is gearing up for growth following the restoration of its London Stock Exchange listing.
The consumer goods distributor is focusing on expanding Chill Connect, its distribution division, which supports fast-moving consumer goods brands with sales, representation and supply services.
The operation has secured major clients in tobacco alternatives, including nicotine pouches and rechargeable vaping devices, and is negotiating with further brand partners in fast-growing, regulated markets.
The company is also launching a wholesale ordering portal, expanding its sales team and building in-house fulfilment to boost efficiency and meet rising demand.
At the same time, it will invest in Chill.com, its e-commerce marketplace, which has been refocused on the UK with new advertising and website improvements.
Going forward, Chill's plans include moving from drop shipping to in-house fulfilment.
CEO Callum Sommerton said: “The restoration of our listing marks a significant moment. With growing revenue in Chill Connect and plans to revitalise Chill.com, we are well-positioned for growth and delivering sustainable outcomes.”
In the update, Chill said £477,000 of a £1 million convertible loan note remains undrawn, while it also expects a 'material' VAT rebate in the coming months.