Cellular Goods Shares Soar After E-Commerce Contract With Sephora

By Christian Moess Laursen

Shares in Cellular Goods rose Wednesday after the company said that its skincare products will be available on Sephora's e-commerce website after entering a contract with the French personal-care retailer.

At 0723 GMT, shares were up 0.33 pence, or 54.2%, at 0.93 pence.

The U.K. lab-made cannabinoids company said that the skincare products, Look Better, will be available on the website from the second half of this month.

Cellular Goods will become the first cannabigerol-based skincare brand on Sephora U.K., the company said.

"The Sephora launch is part of our continued customer acquisition strategy, as we continue to increase awareness of our products and grow our sales channels," Chairman and Interim Chief Executive Darcy Taylor said.

Write to Christian Moess Laursen at christian.moess@wsj.com

(END) Dow Jones Newswires

May 10, 2023 03:55 ET (07:55 GMT)

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