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Chill Brands Group PLC ( (GB:CHLL) ) has provided an announcement.
Chill Brands Group plc has announced the restoration of its listing on the London Stock Exchange, following a suspension that began in June 2024 due to delays in financial reporting. The company has since completed its financial audits and is focusing on expanding its Chill Connect division, which offers distribution services to FMCG brands. This division is capitalizing on the shift in the tobacco alternatives market towards reusable devices, following the UK ban on disposable vapes. Chill Brands is also investing in its e-commerce platform, Chill.com, to enhance its marketplace offerings. With a solid financial position supported by recent fundraising and anticipated VAT rebates, Chill Brands is poised for growth, though it acknowledges potential future capital requirements linked to revenue-generating activities.
More about Chill Brands Group PLC
Chill Brands Group plc is a distribution-led consumer packaged goods company that focuses on bringing novel fast-moving consumer products (FMCG) to market. The company specializes in the sale and distribution of tobacco alternatives, functional beverages, and other innovative consumer goods, with a strong emphasis on the convenience store channel. Chill Brands partners with both established FMCG businesses and emerging high-potential brands to provide comprehensive route-to-market solutions. Additionally, the company operates the chill.com e-commerce website, building a marketplace of products from third-party brands.
Technical Sentiment Signal: Strong Sell
Current Market Cap: £10.89M
For a thorough assessment of CHLL stock, go to TipRanks’ Stock Analysis page.