Bod Australia Ltd (ASX: BDA, “Bod”) has received a binding purchase order from Health & Happiness Group Ltd (H&H Group, HKSE: 1112) valued at $1.43m.
What are the key highlights?
- The majority of the record order is for Bod’s premium CBD products, sold directly to the UK consumers under the CBII brand (www.cbii-cbd.com) and includes soft gel cap products and CBD oil products.
- As per the pre-existing partnership agreement, H&H Group undertake the marketing, sales and distribution processes of collaborative products, defraying Bod’s working capital.
- Bod’s FY2020 revenue growth has been underpinned by the uptake of its CBII products in the UK, the launch of hemp-based products into 2,000 Australian stores under the Swisse Wellness brand and increased demand for Bod’s non-CBD herbal based product range.
For further details, please refer to the announcement linked below.