SEED Innovations Ltd (AIM:SEED, OTC:FFRIF) said it welcomed a UK regulator's list of cannabidiol (CBD) products that can be sold to consumers, which included some of its investee companies.
The Investee companies include Yooma Wellness Inc (CSE:YOOM, OTC:LVVEF, AQSE:YOOM) (Yooma Wellness Inc (CSE:YOOM, OTC:LVVEF, AQSE:YOOM), Yooma Wellness Inc (CSE:YOOM, OTC:LVVEF, AQSE:YOOM), Yooma Wellness Inc (CSE:YOOM, OTC:LVVEF, AQSE:YOOM)), South West Brand Limited and CiiTECH Limited.
Last week the UK Food Standard Agency (FSA) published the list of fully compliant CBD products available for purchase in the UK. Those not on the register will have to be taken off sale.
“The hard work being carried out by our portfolio companies to meet the UK's legal and regulatory requirements indicates a high level of level of commitment to quality and safety, bringing much needed clarity to consumers,” said the vice president of investment analysis Alfredo Pascual.
Products that make the list are either already validated, or considered to be sufficiently progressing towards validation, and appearing on the list enables these products to continue in the market.