Its owner hopes to turn the health business into a national high street brand
A business selling cannabis extract cannabidiol has announced plans to open 100 new stores across the country in two years.
Geremy Thomas, founder of stock market-listed medicinal cannabis and cannabidiol (CBD) group Sativa, has revealed the ambitious plans to launch around 100 Goodbody Wellness shops.
Mr Thomas opened the first under the brand in Bath at the end of June with another branch now operating in Cirencester.
Another store is set to open imminently in Bristol as he seeks to tap into a market for CBD products estimated to be worth nearly £1 billion by 2025.
He said it marks the start of a “major high street journey” for Goodbody Wellness as CBD products take the UK by storm.
He said: “I feel very confident that you will see this as a feature of the high street.”
CBD is believed to boost the body’s so-called endocannabinoid system, which works to restore balance.
Although it is derived from cannabis, it does not contain any of the psychoactive constituent, tetrahydrocannabinol (THC).
The launch of Sativa’s fledgling chain looks set to create around 400 retail jobs in the first two years, with all employees receiving training on CBD and products.