The divestment comprises the share sale of the Sativa Wellness Poland Sp. z.o.o. and Olimax NT Sp. z.o.o., that combined provide CBD extraction and manufacturing at the facility in Bilcza,
Under the CLNs, Voyager has three years to pay the Company plus annual interest at 7.5% payable quarterly. Goodbody has the right to convert the principal amount plus interest into up to approximately 2.5million Voyager Ordinary Shares. Until payment of the CLNs is made in full, Goodbody will retain security over the fixed assets of Sativa Wellness Poland Sp. z.o.o. and Olimax NT Sp. z.o.o.
Voyager is an AQSE quoted Growth Market company, offering a range of health and wellness products containing CBD and hemp seed oil. Products include oils, gummies (chewable sweets), bath products and skincare products, which are available online through the Company's website www.voyagercbd.com and also through third-party websites.
The Directors believe this to be a sound commercial decision allowing further funds to be directed towards the growing diagnostic and wellness sector of the Company which represents over 90% of revenues for
2021 and for 2022 YTD. It was determined that the levels of CBD sales undertaken by
This divestment also allows the management team to focus fully on the new opportunities available in the health and wellness business.
Goodbody will use the funds generated to continue to develop and expand its health and wellness operations. The Company continues to roll out its strategy of becoming a leading aggregator of innovative technology and innovative tests, including blood and genome, while identifying additional products to enable consumers to take more control of their life time health and wellbeing.
Voyager and Goodbody have established a strong working relationship. Voyager is now stocking Goodbody's blood diagnostic tests in its three stores and the two companies expect to continue to collaborate together on projects in the future. We will also continue to cooperate in the CBD market.
The Directors of the Company accept responsibility for the contents of this announcement.
Contact:
Chief Executive Officer
Tel: +44 (0) 20 7971 1255
Email: enquiries@goodbodyhealth.com
Notes to Editors
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