CBD brand business South West Brands Limited secures £150,000 funding
SEED Innovations Ltd, an AIM-quoted company focusing on making investments in fast-growing businesses with a focus on the medical cannabis, health and wellness space, uas announced that it has invested a further £150,000 in South West Brands Limited (‘SWB’), a London-based company that is seeking to establish itself as a multi-brand consumer goods group developed specifically for the CBD industry.
The Investment is by way of a second 12-month, 8% Convertible Loan Note (‘CLN’) as part of a funding round by SWB to raise £300,000. The Investment takes the total amount invested by SEED in SWB to date to £450,000.
Ed McDermott, CEO of FastForward, commented: “South West Brands have made considerable progress since our last investment with the successful launches of two consumer brands which, from what I have seen, have received a very positive reception from users to date. These first brand launches, which are generating SWB’s early revenues, are testament to the hard work Rebekah Hall and her team have put in, and I am pleased SEED are able to support SWB in their growth and I look forward to further advances by the team in their quest to grow a credible, sustainable and scalable consumer CBD business.”
South West Brands is an all-female, London-based, group that that is seeking to establish itself as a multi-brand consumer goods group developed specifically for the CBD industry. Its all-female management team is led by CEO Rebekah Hall, who is a pioneer in the burgeoning CBD market in Europe and regarded as one of the foremost experts on CBD consumer products. Rebekah spent 10 years working in Corporate Finance in the City having trained as a Chartered Accountant with PwC. Consideration of, and progress towards, a possible listing on the London Stock Exchange remains however this is delayed from the original Summer 2021 timetable.