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Chill Brands soars on US vape shipping deals

Published: 09:15 05 Jun 2023 BST

Chill Brands Group PLC -

Chill Brands Group PLC (LSE:CHLL, OTCQB:CHBRF) shares soared over 17% on Monday after the company confirmed deals with specialist carriers to ship nicotine-free vapour products across all 50 US states.

London-listed Chill Brands will now aim to start offering the nicotine-free vapour products directly to customers across the US in June, a company statement announced.

“This is an important milestone for Chill Brands as we seek to grow our share of the extremely buoyant US vapour market,” chief executive Callum Sommerton said.

A 2019 act blocked the US postal service from shipping vapour products, Chill Brands noted, preventing “many competitor brands from making online direct-to-consumer sales”.

However, Chill Brands’ deals will mean that customers can opt for delivery of its vapour products to their homes, despite some other major carriers following suit in restricting shipments of the goods.

“We are excited to be commencing online vapour sales and look forward to introducing our brand to more adult consumers across the United States,” Sommerton continued.

Sommerton also reassured that the company’s shipping partners would “deploy age-verification protocols” to prevent children from buying the vapour products.

Shares climbed 17.5% to 13.2p.

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on 30/1/24