Chill Brands Eyes Trading Resumption as Financial Results Near
Chill Brands Group PLC (LSE:CHLL, OTCQB:CHBRF) expects its shares to resume trading in the coming weeks, following the planned release of its delayed financial results.
In a stock market update, the company said it will publish its audited results for the year ended 31 March 2024 in June, with unaudited interim accounts for the six months to 30 September 2024 to follow shortly after. Once both sets of accounts are released, Chill Brands intends to request the Financial Conduct Authority to lift the current suspension on its shares.
While working to restore trading, the group has also taken strategic steps to expand its commercial operations.
The company recently launched Chill Connect Limited, a new UK-based subsidiary focused on providing distribution and support services to brands in the health, wellness, and fast-moving consumer goods (FMCG) sectors. Since its launch in Q4 2024, Chill Connect has already signed multiple contracts, including with a leading UK vape e-liquid brand, a rising oral nicotine pouch firm, and a European newcomer with a broad consumer product portfolio.
Chill Brands also revealed it is in ongoing talks to secure further partnerships, particularly in the vape and tobacco alternatives space.
In anticipation of the UK’s upcoming ban on disposable vapes, effective 1 June 2025, the company has proactively shifted its product focus to rechargeable, pod-based devices sourced from several brands.
To support its operational momentum, Chill Brands completed a $1 million fundraise earlier this month through the issuance of loan notes.
