TIDMVOY
RNS Number : 1594H
Voyager Life PLC
02 August 2021
2 August 2021
Voyager Life plc
("Voyager" or the "Company")
Voyager opens its doors to new markets and partnerships
Physical store opening and distribution deal underline progress
against growth strategy
Voyager, the health and wellness company established to supply
high-quality Cannabidiol (CBD) and hemp seed oil products ,
announces the opening of its first retail store in St. Andrews,
Scotland.
The Company has also entered into an exclusive distribution
agreement with D. Atkinson Herbalist & Clinic in Edinburgh.
The 655sq ft Voyager store, situated on Market Street, a prime
shopping location in St. Andrews, will sell a range of CBD and hemp
products, many of which will be exclusive to the store. In
addition, it also provides high quality takeaway coffees and teas
to which customers will have the option to add CBD, a unique
feature to the area's businesses. The store opened on Saturday 31
July and, despite wet weather on the opening day, has traded
profitably over the weekend.
In conjunction with the store opening, and as previously
announced, Voyager has expanded its product range, adding six new
CBD products. These are already available for sale in St Andrews
and will shortly be added to the Company's sales website
www.VoyagerCBD.com . A further seven CBD products are in the final
phase of manufacturing and will be released in the coming
weeks.
Voyager is experiencing strong retail momentum, having also
recently entered into a distribution agreement with D. Atkinson
Herbalist & Clinic, Scotland's oldest herbalist, trading as
Napiers. It will stock the full range of Voyager CBD and hemp
products as part of an exclusive deal that covers Edinburgh for an
initial three months.
In line with the positive take up of Voyager products in third
party stores, the Company has increased its sales capabilities,
hiring additional sales staff and continuing to develop
relationships with third party distributors.
Nick Tulloch, Chief Executive Officer and Founder of Voyager,
said: "Opening our first physical retail premises in a prime
location is an important milestone for the Company. It complements
both our existing online sales presence and our growing number of
trade accounts, and we are confident our St Andrews operation will
serve as a useful blueprint for future moves in this space.
Although it is early days, the store traded strongly and profitably
from the start, supporting our belief that the UK high streets are
under-served by high quality CBD sales outlets.
"As well as the new ability to reach a strong customer base
directly through our own store, the new strategic partnership
agreed with D. Atkinson Herbalist & Clinic underlines the
significant appetite for our products. Our alignment with this well
renowned Edinburgh business is a strong endorsement and we are
working hard to secure further deals of this type as part of our
ambitious growth strategy.
"We were clear to investors at the time of our IPO that our
immediate plans were to establish a platform from which to
accelerate the Company's development after the holiday months. With
our new store, distribution partnerships, growing product range and
extended sales team, we have put that platform in place and we look
forward to providing further updates."
With an experienced team and a product line created in line with
the UK's new regulatory regime, Voyager aims to become the trusted
brand in this increasingly popular health and wellness space.
ENDS
Enquiries:
Voyager
Nick Tulloch - nick@voyagerlife.uk / 01738 505 130
http://voyagerlife.uk
Charlotte Street Partners (financial communications)
Tom Gillingham - tom.gillingham@charlottestpartners.co.uk / +44
(0) 7741 659021
Andrew Wilson - andrew@charlottestpartners.co.uk / +44 (0)7810
636 995
Cairn Financial Advisers LLP (AQSE Corporate Adviser)
Liam Murray or Ludovico Lazzaretti +44 (0) 20 72130 880
Notes to Editors:
About Voyager
Voyager CBD was established to supply high quality CBD products
at fair prices. We work closely with suppliers to take advantage of
the currently low hemp prices, but without compromising on quality,
and we pass the savings onto our customers. We believe no one
should overpay to incorporate CBD into their health and wellness
routine.
Website and social media links:
https://voyagercbd.com/
https://www.instagram.com/voyagercbd/
https://twitter.com/voyagercbd
https://www.linkedin.com/company/voyager-cbd/
https://www.facebook.com/VoyagerCBD/
What is CBD?
CBD, or cannabidiol, is the best known and most abundant
cannabinoid in hemp, one of the plants in the cannabis family which
is sometimes referred to as cannabis sativa. There are at least 113
identified cannabinoids and there is ongoing scientific research
into CBD. Unlike THC (Tetrahydrocannabinol), which is also sourced
from certain plants in the cannabis family, CBD is not
psychoactive, so it does not change a person's state of mind when
they use it. Voyager CBD products do not contain any THC.
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