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Cannabis extract business to open 100 shops across UK

Shops selling cannabis extracts are to open across the UK under plans for the first nationwide chain of its kind.

Geremy Thomas – founder of stock market-listed medicinal cannabis and cannabidiol (CBD) group Sativa – has revealed he aims to launch around 100 Goodbody Wellness shops across the UK within two years.

Thomas opened the first under the brand in Bath at the end of June and has added one more in Cirencester with another due to open in Bristol as he seeks to tap into a market for CBD products estimated to be worth nearly £1 billion by 2025.

Sativa Group PLC (NEX:SATI) is a seed to consumer medicinal cannabis and cannabidiol (CBD) wellness business, focused on the smart-sourcing of the raw material, advanced extraction, manufacture, testing, distribution, and research & development of medicinal cannabis and CBD products.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.