“Bellator will also market Chill’s CBD range and potential future product extensions to its wider network of retail contacts.” This agreement will see Bellator work with Chill to ‘gather more accurate data, and swiftly adapt its sales plans to improve the uptake of Chill products by retail buyers and consumers’. On August 18, Chill unveiled a new brokerage agreement with Bellator Group, a specialist CBD product distribution and brokerage firm based in the US, a key target market for the company. The CBD brand became the latest UK listed cannabis stock to stage a comeback this week, following a dismal few months trading at historic lows since April. Chill BrandsĬhill Brands made some much-needed gains this week, seeing its stock skyrocket nearly 50% on news of a new partnership in the US. While the news hit markets across Europe and saw the FTSE 100 drop 20 points, more cannabis stocks made gains than made losses this week, with a number once again posting double digit increases.

In the UK this week, news broke that inflation had outpaced forecasts in July to hit 10%, while the Bank of England is expected to double interest rates over the next six months in a bid to dampen rising prices. THIS week has seen European cannabis stocks once again gain momentum in the face of dismal economic news.

Stocks that will skyrocket