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An update from Chill Brands Group PLC ( (GB:CHLL) ) is now available.
Chill Brands Group PLC reported a significant revenue increase to £1,908,020 for the year ending 31 March 2024, driven by the successful launch of nicotine-free vape products in the UK. Despite this growth, the company anticipates lower revenues in the subsequent period due to regulatory challenges and corporate issues. The company has completed its audited annual report, which will allow it to update its financial reporting obligations and seek the lifting of its share suspension. Chill Brands is pivoting towards a distribution platform for third-party brands, aiming to leverage its sales infrastructure and retail relationships.
More about Chill Brands Group PLC
Chill Brands Group PLC is a distribution-led consumer packaged goods company specializing in tobacco alternatives, functional beverages, and other innovative consumer goods. The company focuses on the convenience store channel and partners with both established FMCG businesses and emerging high-potential brands to provide comprehensive route-to-market solutions. Chill Brands also operates an e-commerce marketplace through chill.com.
Technical Sentiment Signal: Sell
Current Market Cap: £10.89M
Find detailed analytics on CHLL stock on TipRanks’ Stock Analysis page.