Zoetic International plc
Visit Zoetic International plc
Over the last twelve months Zoetic has transformed from being a natural resources company into a producer of CBD (Cannabidiol), feminised hemp seeds and CBD retail products. The CBD is being sold in retail outlets in the US (under the Zoetic and Chill brands) and the UK (under the Zoetic brand). Management is now concentrating on building up its retail presence which should allow it to achieve higher margins compared to many producers. It is the only vertically integrated CBD company listed on LSE main market.
The company has transformed rapidly from being a natural resources company into a vertically integrated CBD producer. The move would appear to be successful and the key going forward will the speed of the uptake of its retail products which can achieve a sales price of up to five times that of selling the product into the wholesale markets. Harvesting has started and this should give investors an idea about the success of the growing. The natural resources businesses are in the process of being sold which should strengthen the company’s balance sheet.