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Medical technology & services

Sativa Wellness changes name to reflect evolving strategic direction

The change of name will align the parent company with its main brand name "Goodbody" and its trading subsidiaries "Goodbody Wellness Limited" and "Goodbody Botanicals Ltd"

Sativa Wellness Group Inc (AQSE:SWEL, CSE:SWEL, OTC:SCNNF) is to change its name to Goodbody Health Inc, adopting the name of its main brand.

The new ticker symbol on the AQSE Growth Market and Canadian Securities Exchange will be GBDY.

The company's web address will change as of 12 January 2022 to www.goodbodyhealth.com.

"Following the huge successes of 2021 in delivering health and wellness products and services, we are extremely keen to make sure all of our investors and other stakeholders understand the strategic direction of the company," said Geremy Thomas, executive chairman.

"The repositioning of our brand as Goodbody Health, combined with our key customer proposition of 'Know More - Live Better’ better reflects our mission to be a major provider of wellness products across our ever-expanding distribution channels. We are very positive about the opportunities this will bring in 2022 and beyond.”

In 2020, the company set up Coronavirus (COVID-19) testing clinics for travellers in response to the pandemic to supplement the existing wellness business. The success of these clinics continues to evolve into a range of wellness testing products and services in addition to the COVID-19 testing and cannabidiol (CBD) products, with the realisation that customers are looking for wellness management as well as symptom diagnosis, the company said.

This has yielded strong sales growth through the local independent pharmacies who are proactive in helping their community as well as directly to corporate and individual customers, it added.

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