Codebase Ventures Inc. (CSE:CODE) (OTCQB:BKLLF) noted that its investee company, World High Life Plc (AQSE:LIFE) (OTCQB:WRHLF) has said its subsidiary, Love Hemp Ltd, has advanced its new product development cycle to meet rising demand in the UK for cannabidiol (CBD) products.
World High Life said Love Hemp has launched its Love Hemp Immune product six months ahead of schedule, while its global online retailer, CBDOilsUK, has expanded its portfolio with the launch of one of the most affordable collections of CBD capsules and oils available to-date in the UK.
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Love Hemp Immune has been developed to support the body’s natural immune system and contain vitamins and minerals.
Meanwhile, Love Hemp’s global online retailer, CBDOilsUK is launching its own CBD range of five products, 2020 Botanics, which range from high to low strength in both capsule and oil formats and are designed to meet the need for a more affordable CBD oil for both first-time and long-term users.
“Even under challenging global circumstances World High Life’s Love Hemp subsidiary continues to expand its business as a leader in the UK, and building market share, which bodes well for its future growth, and to the benefit of our shareholders as a result of Codebase’s early-stage investment,” George Tsafalas, Codebase president and chief executive, said in a statement.
Codebase Ventures aims to invest early in great ideas in sectors that have significant upside, including the cannabis sector.
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