23rd Dec 2021 14:20
Love Hemp Group PLC - London-based cannabidiol products - Launches on-demand delivery service with Deliveroo PLC. Adds that the launch is on a trial basis to gauge consumer behaviour. Says products will be available on Deliveroo within a 6 kilometre radius of its production facility in Croydon, South London. Plans to launch nationwide depending on the success of the trial.
"Not only does Deliveroo provide us with greater visibility with consumers, but it also provides us with a new dimension to our consumer access - on-demand delivery. Deliveroo has over 7 million pre-registered consumers across the UK who are increasingly looking to the app to fulfil their day-to-day needs, of which high-quality cannabidiol products are now one," Chief Executive Tony Calamita comments.
He adds: "Our ambition is to launch nationwide and utilise Deliveroo as a major distribution channel for Love Hemp."
Current stock price: 1.15 pence
Year-to-date change: down 41%
By Abby Amoakuh; [email protected]
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