Swiss cannabis deal to boost sales by £5m at Borders start-up
Melrose-headquartered Always Pure Organics (APO) has secured a deal to become a UK distributor of cannabidiol (CBD) products manufactured by Swiss-based Pure Holding.
CBD, which is now available to buy on the high street, is a non-psychoactive chemical found in marijuana and hemp plants, which some scientific studies claim may help treat ailments such as chronic pain and anxiety.
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Hide AdAPO, which has its main distribution hub in Manchester, expects that the partnership will result in an estimated sales value of £5m within the first twelve months.
Managing director Gavin Ogilvie said: “Pure are a global force in the world of cannabis and hemp.
“It is very exciting to forge strong partnerships like this in such a young industry – together we aim to become household names in the European cannabis industry.”