REG - Yooma Wellness Inc. - Vitality CBD UK rollout with ASDA

Yooma WellnessAnnouncement

22/11/2021 07:05

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RNS Number : 0116T  Yooma Wellness Inc.  22 November 2021

22 November 2021

 

Yooma Wellness Inc.

("Yooma" or the "Company" or the "Group")

 

Vitality CBD UK rollout with ASDA

 

Vitality CBD now offers the most extensive CBD product range in 300 ASDA
stores

Yooma Wellness Inc. (CSE:YOOM; AQSE:YOOM), a global vertically integrated
wellness platform that develops and markets a portfolio of CBD and wellness
brands, is pleased to announce ASDA, one of Britain's leading retailers, is
now stocking 17 of Vitality CBD Limited's ('Vitality CBD') well-being and
active CBD products in ASDA's vitamin aisles and in-store pharmacies, making
Vitality CBD the most extensive CBD product range in ASDA.

ASDA's vitamin aisles will be stocking Vitality CBD's range of 600mg-2400mg
Well-being CBD Drops in multiple flavour options and easy-to-dose CBD Gummy
Bears, starting at £15 RRP. A further selection of their naturally flavoured
Well-being CBD drops up to strengths of 4800mg as well as their CBD Muscle
Balm will be available in ASDA's in-store pharmacies. For those new to CBD,
trained staff members will be on hand to provide assistance and recommend
products.  At only 67 pence per day, Vitality CBD's 4800mg Drops/Spray is
their best value CBD oil yet.

Phillip Glyn, Commercial Director of Vitality CBD, said: "We are delighted to
be a chosen CBD supply partner of ASDA. With their impressive vision and
commitment to listing one of the UK's most comprehensive CBD ranges, ASDA have
demonstrated a genuine desire to drive further consumer education of CBD. This
ethos and dedication mirrors Vitality CBD's mission in raising the profile of
CBD and making CBD products readily accessible to millions across the nation,
at some of the most affordable prices in the UK. This combination is a very
exciting prospect for the years to come."

 

Jacqueline Cappello-Wood, ASDA's Senior Buying Manager for Healthcare, said:
"We are proud that ASDA will now be stocking Vitality CBD's products, and will
be the first supermarket to offer customers access to the full Vitality CBD
Active range. At ASDA, it has always been a priority to look after the
entirety of our customer's well-being needs, so CBD is a great addition to our
range. Customers will now have access to our fully trained ASDA pharmacists,
who can offer advice and support on any aspects of their health and well-ness
needs."

 

Jordan Greenberg, CEO of Yooma, commented: "The agreement with ASDA is a
positive development for Vitality CBD and an example of the quick return on
investment that our buy-and-build strategy has created. The UK rollout on this
wide range of products will provide Vitality with a platform to generate
additional revenues across the 300 ASDA stores in the UK."

 

Yooma, via the Company's wholly owned subsidiary, Yooma Europe Limited,
acquired Vitality, a UK-market-leading CBD Company that is based in
Birmingham, for £10.2 million on 20 August 2021 as part of the Company's
buy-and-build strategy implemented since listing on the Aquis Exchange in
London, on 10 August 2021.

 

Vitality CBD is currently the most visible CBD brand in the UK and has won
several awards including "Best CBD Product" with Boots Wellness Awards, "The
Smartest CBD Oil" with Men's Health, "IndyBest Buy" from The Independent, and
more.

- Ends -

About Vitality CBD Limited

Vitality CBD is the most widely stocked brand of CBD in the UK with products
distributed in national retailers such as Boots, Tesco, ASDA and Lloyds
Pharmacy. Vitality CBD is also prominent on E-commerce retailers such as
Amazon, Very & Ocado. The Vitality CBD product portfolio has over 60 SKUs
including oils and sprays in a wide range of flavours and strengths, edibles,
and a specially developed and formulated range of CBD skin care cosmetic
products.

 

About Yooma Wellness Inc.

Yooma's mission is to build a vertically-integrated global leader in the
manufacturing, marketing, distribution, and sale of wellness products
including hemp seed oil and hemp-derived and cannabinoid (CBD) ingredients.
The company leverages strategically curated sales channels and ecommerce
networks to deliver a diverse mix of wellness products through operating
subsidiaries in the United States, United Kingdom, France and Japan.
Learn more at www.yooma.ca
(https://c212.net/c/link/?t=0&l=en&o=3200800-1&h=3290795059&u=http%3A%2F%2Fwww.yooma.ca%2F&a=www.yooma.ca)
.

 

 

The directors of the company accept responsibility for the contents of this
announcement.

 

 For further information, please contact:
 Yooma Wellness Inc.                                    Via Buchanan

 Jordan Greenberg, CEO                                  Tel:+44 (0) 20 7466 5000

 jgreenberg@yooma.ca (mailto:jgreenberg@yooma.ca)

 AQSE Corporate Adviser:

 Peterhouse Capital Limited                             Tel: +44 (0) 20 7469 0930

 Guy Miller / Mark Anwyl                                Tel: +44 (0) 7990 139 093

 Media Enquiries (UK / Europe):                         Tel: +44 (0) 20 7466 5000

 Buchanan                                               www.buchanan.uk.com (http://www.buchanan.uk.com)

 Henry Harrison-Topham / Jamie Hooper

 Ariadna Peretz / George Beale

 yooma@buchanan.uk.com (mailto:yooma@buchanan.uk.com)

 

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