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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Abchurch Communications email@example.com Julian Bosdet www.abchurch-group.com +44 (0)207 4594 4070 +44 (0) 7771 663 886
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 firstname.lastname@example.org email@example.com www.sativagroup.co.uk www.sativagroup.co.uk 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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(END) Dow Jones Newswires
February 14, 2020 10:09 ET (15:09 GMT)