Euro expansion just the start for Green Monkey
ACANNABIS oil drink manufacturer which only started trading last year has secured a quartet of new European export contracts.
Birmingham-based Green Monkey produces a range of cannabidiol (CBD) products which it will now export to international markets after signing deals with distributors Food Link in Denmark, Triple A Gourmet in Spain, Jean Philippe Silva in France and Rocwell Water in Ireland.
CBD
comes
from
the
cannabis plant and is said to be a non-psychoactive ingredient.
Green Monkey started trading in November and has already celebrated a milestone by producing its one millionth can.
The Cannabis Trade Association, which has more than 700 members across Europe, claims the number of CBD users is doubling every year and financial reports suggest the global market could be worth as much as £22 billion in the next decade.
Green Monkey’s
chief
executive Serge Davies said expansion into Europe was only the start of the journey for the company in its plans to go global.
“We are naturally delighted to sign these deals which means the Green Monkey brand will grow across the world and we can continue to expand,” he said.
“The demand for CBD is growing exponentially and more and more people are seeing the benefits through research that is coming through. are very much a
“We
wellbeing brand and we are looking to expand not only our team but also our range of wellbeing products.”
René Boysen, marketing manager at Food Link, said: “We have had Green Monkey on our radar for a number of months and we are pleased to announce this deal which will mean that our customers in Denmark will be able to purchase the Green Monkey range.
“The demand for wellbeing products in Denmark is increasing and as such we need to make sure that we are always finding new products to satiate this.
“We are looking forward to working with Green Monkey over the coming years.”