LONDON: Greencare Capital, the investment company focused on investing in medicinal cannabis and related areas, has agreed to make an equity investment of £100,000 in Voyager Life Limited, as part of a £741,000 fund raising by Voyager.
This is the second new investment by Greencare in the past month.
Voyager, a health and wellness business focused on CBD and hemp seed oil, has developed a range of products under the Voyager and Voyager Life brands, including oils, gummies, bath and skincare products and is already generating revenues.
It is currently developing a number of distribution channels which include direct sales, drop shipping, specialist retailers and online market places.
The CBD sector is expected to grow significantly in the short term, with the UK being the world’s second largest market after the US.
Voyager’s management team have significant experience in the sector and to date, have made good progress in securing a novel foods licence which is now a requirement in order to be able to operate in this sector.
Market regulation is therefore increasing, with the UK leading the way, and Voyager is very much focused on building a platform that is strictly regulatory compliant. This is particularly important in order to develop the right distribution channels for CBD products.
Voyager has already started the process of seeking its own stock market listing on the Aquis Stock Exchange Growth Market.