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Chill Brands Group PLC ( (GB:CHLL) ) just unveiled an update.
Chill Brands Group plc reported a challenging half-year period ending September 2024, marked by corporate disruptions, including the removal of two directors and legal actions, which led to a significant operating loss of £2.4 million. The company’s strategic initiatives were hindered by these disruptions, resulting in a decline in commercial activity and sales performance. Despite these challenges, the company has pivoted strategically by launching ‘Chill Connect,’ a new B2B distribution division, and regained control of its digital assets. Post-period, the company has raised £1 million in fresh capital, restored operations, and is onboarding new clients, indicating an improved outlook. The suspension of trading in the company’s shares, due to delays in publishing financial results, is being addressed with a formal request to the FCA for lifting the suspension.
More about Chill Brands Group PLC
Chill Brands Group plc is a distribution-led consumer packaged goods company that specializes in bringing innovative fast-moving consumer products to market. The company focuses on the sale and distribution of tobacco alternatives, functional beverages, and other consumer goods, particularly targeting the convenience store channel. Chill Brands collaborates with both established FMCG businesses and emerging brands to offer comprehensive route-to-market solutions and operates the chill.com e-commerce website to build a marketplace for third-party brands.
Technical Sentiment Signal: Strong Sell
Current Market Cap: £10.89M
See more data about CHLL stock on TipRanks’ Stock Analysis page.