Proactive Investors - Run By Investors For Investors

Highlands Natural Resources to deliver first shipment of new CBD brand next week

The group said to make delivery of its first products for retail within three months of starting operations is an "extraordinary achievement"
cannabis
The brand includes hemp flower and CBD infused herbal smokables

Highlands Natural Resources PLC (LON:HNR) has launched a new cannabidiol (CBD) brand in the US with the first shipment of products due to start next week.

The brand, called Chill, includes hemp flower and CBD infused herbal smokables. The CBD range will soon also include chew pouches.

READ: Highlands Natural Resources raises £525K to support Zoetic cannabis business

Highlands said the products will be made available to buy in 18 Schrader Oil petrol stations in the US next week and on the Chill website “shortly”.

Chill products will be manufactured in Colorado, where Highlands is based, through the company’s cannabis business Zoetic Organic.  

The group said the products will only contain CBD – the non-psychoactive compound of the cannabis plant – as opposed to the psychoactive compound tetrahydrocannabinol (THC) except for the hemp flower smokables.

The products will be third party tested to make sure they are free from contaminants.

Highlands, an oil and gas group with wells in Colorado, in March got into CBD via the new Zoetic Organics subsidiary.

A month later Zoetic Organics landed its first retail distribution and sales agreement with Schrader Oil.

On Friday, Highland said Zoetic continues to develop at a rapid rate and it expects to launch a second brand and additional products in the coming weeks.

Robert Price, executive chairman and chief executive of Highlands, said: "To make delivery of our first products for retail within three months of commencing operations is an extraordinary achievement and is testament to the hard work of all of the team at Highlands and Zoetic.  We are optimistic about our early sales and will update investors in due course." 

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full HNR profile View Profile

Highlands Natural Resources PLC Timeline

Related Articles

High Peak chairman Andy Carroll at a CEO Session
November 22 2018
High Peak claims royalties from oil and gas endeavours on Australian and US landholdings.
oil
February 15 2019
ExxonMobil has made ten discoveries on the neighbouring Stabroek Block with an estimated 5bn barrels of oil
The Rex drill site at Wizard Lake project
March 18 2019
Proved and probable reserves at the Albertan province project are 225,000 barrels of oil.

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use