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CBD company Vitality, which was recently bought in a deal worth up to £10.2m, has secured a listing with ASDA.
Aston-based Vitality CBD was established in 2018 and quickly established itself as one of the leaders in the UK market, selling its products through major retailers including Boots, Tesco, Asda and Lloyds Pharmacy.
It was announced today that ASDA is now stocking 17 of Vitality CBD’s well-being and active CBD products in the retailer’s vitamin aisles and in-store pharmacies.
Vitality was snapped up in August by Yooma Wellness, a Canadian group which is using its dual-listing on the Canadian and Aquis stock exchanges to help support its buy-and-build strategy.
Phillip Glyn, commercial director of Vitality CBD, said: “We are delighted to be a chosen CBD supply partner of ASDA. With their impressive vision and commitment to listing one of the UK’s most comprehensive CBD ranges, ASDA have demonstrated a genuine desire to drive further consumer education of CBD. This ethos and dedication mirrors Vitality CBD’s mission in raising the profile of CBD and making CBD products readily accessible to millions across the nation, at some of the most affordable prices in the UK. This combination is a very exciting prospect for the years to come.”
Jacqueline Cappello-Wood, ASDA’s senior buying manager for healthcare, said: “We are proud that ASDA will now be stocking Vitality CBD’s products, and will be the first supermarket to offer customers access to the full Vitality CBD Active range. At ASDA, it has always been a priority to look after the entirety of our customer’s well-being needs, so CBD is a great addition to our range. Customers will now have access to our fully trained ASDA pharmacists, who can offer advice and support on any aspects of their health and well-ness needs.”
Jordan Greenberg, CEO of Yooma, added: “The agreement with ASDA is a positive development for Vitality CBD and an example of the quick return on investment that our buy-and-build strategy has created. The UK rollout on this wide range of products will provide Vitality with a platform to generate additional revenues across the 300 ASDA stores in the UK.”