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Zoetic International lands first international distribution contract

"We could not be more pleased to have secured this further expansion of the Chill brand into the global market," said co-CEO Antonio Russo

Zoetic International PLC - Zoetic International lands first international distribution contract

Zoetic International PLC (LON:ZOE) has announced its first international distribution contract, with a deal in the Czech Republic and Slovakia for its Chill brand tobacco alternative CBD products.

The company noted that Chill branded products now have a ‘clear roadmap’ for distribution and sale across filling stations and tobacco retailers in the two countries.

Further discussions are ongoing with distributors in other territories, it added.

READ: Zoetic fundraise to support Chill brand roll-out

"We could not be more pleased to have secured this further expansion of the Chill brand into the global market. The distributer has excellent connections and reach throughout the Eastern European region which will serve to truly enhance the potential of our products," Zoetics co-chief executive Antonio Russo said in a statement.

The news comes as Zoetic also revealed it is taking the running of its UK operations in-house, following the conclusion of a joint venture with former chief executive Nick Tulloch.

UK operations will remain uninterrupted with no change to the fulfilment of online sales of the 21 existing product lines in the Zoetic range, the company said.

Co-chief executive Trevor Taylor commented that “we have mutually agreed that now is the right time for the Company's UK operations to be under full Zoetic control."

"We are enthusiastic to continue the growth of the Zoetic branded products in the UK and elsewhere," he added.

Quick facts: Zoetic International PLC

Price: 12.132 GBX

LSE:ZOE
Market: LSE
Market Cap: £23.61 m
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