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DJ Sativa Group PLC Food Standard Authority ("FSA") guidelines welcome


RNS Number : 1057D

Sativa Group PLC

14 February 2020

 Press Release   14 February 2020 

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

Sativa Group Plc

("Sativa" or "the Company" or "the Group")

Sativa Group welcomes new Food Standard Agency ("FSA") guidelines

Sativa Group notes the recent announcement by the Food Standards Agency ("FSA") concerning the safe use of CBD products and the timetable for Novel Food authorisation. It welcomes the clarity of a regulatory framework as an important step leading to the development of a safe and legal market in the UK for CBD.

Sativa's products, sold under the Goodbody Botanicals, Goodbody Wellness, Tessellate and GB brands, are THC free and are rigorously tested before despatch to ensure that they are free of solvents and other contaminants. Product labelling and packaging clearly explains the recommended daily intake, which is in-line with FSA guidelines. The QR code on each label links to the website giving the Certificate of Analysis of each specific batch.

Sativa, as a founding member of the Association for the Cannabinoid Industry, is at the vanguard of setting industry standards and engaging with regulators, and is fully committed to the process of obtaining Novel Food regulatory approval for its products.

Henry Lees-Buckley, Chief Executive Office of Sativa, said: "This guidance from the FSA will reassure our customers and distribution partners that Sativa is at the forefront of building a sustainable CBD wellness industry. Sativa, incorporating its Phytovista Laboratory, Home Office licences for research with King's College London, and Scientific Advisory Board, continues to invest in the infrastructure to ensure we are fully compliant with industry regulation."

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For further information please contact:

 Henry Lees-Buckley               Joseph Colliver 
  Chief Executive Officer          Chief Financial Officer 
  Sativa Group Plc                 Sativa Group Plc 
  +44 (0) 20 7971 1255             +44 (0) 20 7971 1255   
 NEX Exchange Corporate Adviser 
  Corporate Finance                 Equity Sales 
  Stephen Keys / Max Gould          Julian Morse 
  Cenkos Securities plc             Cenkos Securities 
  +44 (0) 20 7397 8900              +44 (0) 20 7397 8900 

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February 14, 2020 10:09 ET (15:09 GMT)