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Chill Brands Settles Litigation and Advances Strategic Goals
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Chill Brands Settles Litigation and Advances Strategic Goals

Story Highlights
  • Chill Brands has settled a legal dispute with former directors, regaining control of key assets.
  • The company anticipates publishing its 2024 financial report in early 2025, post-settlement clarity.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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The latest announcement is out from Chill Brands Group PLC ( (GB:CHLL) ).

Chill Brands Group PLC has reached an out-of-court settlement in a legal dispute with its former directors, resulting in the company regaining control of the Chill.com domain and related trademarks. This resolution allows the company to redirect resources towards its core operations and future growth, marking a pivotal moment for the company’s strategy and brand development. Additionally, Chill Brands is progressing with its audit for the fiscal year ending March 31, 2024, aiming to publish its financial report in early 2025, which will now reflect a clearer financial position following the litigation settlement.

More about Chill Brands Group PLC

Chill Brands Group plc is an international consumer packaged goods company that focuses on the development, marketing, and distribution of wellness and recreational products. The company offers nicotine-free vapor products targeting the growing market for tobacco alternatives, distributed through leading retail stores in the US and UK. Additionally, Chill Brands operates chill.com, an e-commerce platform building a marketplace for third-party brands.

YTD Price Performance: -58.25%

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: £10.89M

For an in-depth examination of CHLL stock, go to TipRanks’ Stock Analysis page.

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