Sativa Wellness - Novel Food Application
RNS Number : 0211P
Sativa Wellness Group Inc.
15 February 2021
 

 

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Sativa Wellness Group Inc.
("Sativa" or "Sativa Wellness" the "Company" or the "Group")

15 February 2021

 

Novel Food Application

 

Sativa Wellness Group is pleased to announce that it has submitted its Novel Food application for validation by the Food Standards Agency ("FSA") ahead of the 31 March 2021 deadline, as part of the Company's ongoing commitment to continually deliver the highest level of regulatory compliance and product quality - 'CBD you can trust'.  

The submission, led by award winning Life Sciences Regulatory and Quality Compliance consultancy, Global Regulatory Services ("GRS") and supported by Group's in-house team of scientist and quality/compliance professionals, incorporates an extensive array of products under its Goodbody brands and on behalf of white label customers. Products include oil-based food supplements, gummies, soft gel capsules and sports recovery gels, as well as wholesale bulk CBD ingredients.

 

Further to the Company's press release dated 25 September 2020, Sativa is also a member of the Association for the Cannabinoid Industry (ACI) Novel Food consortium and its landmark toxicology study, providing the necessary safety data required by the FSA.

 

The Company plans to submit the same application to the European Food Safety Authority ("EU FSA"), once it has collated the pre-requisite consumer product stability, toxicology and genotox data.

 

Geremy Thomas, Executive Chairman, said: "This is a significant milestone for the Company. The CBD market is likely to consolidate around the major players that put product quality and regulatory compliance at the forefront. Sales channels in the UK will open up and smaller players will likely fall away".  

 


Geremy Thomas

The Directors of the Company accept responsibility for the contents of this announcement.

On behalf of the Board of Directors,

 

Geremy Thomas

Chief Executive Officer

Sativa Wellness Group Inc.

+44 (0) 20 7971 1255

enquiries@sativawellnessgroup.com

 www.sativawellnessgroup.com

Joseph Colliver

Chief Financial Officer

Sativa Wellness Group Inc.

+44 (0) 20 7971 1255

enquiries@sativawellnessgroup.com

 www.sativawellnessgroup.com

 

 

 

 

AQSE Growth Market Corporate Adviser

Peterhouse Capital Limited

Guy Miller/Allie Feuerlein

+ 44 (0) 20 7220 9795 

 

 

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