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Bod launches Swisse Wellness-branded CBD products in the Netherlands
"The launch follows Bod’s exclusive global partnership with Swisse’s parent company, Health andHappiness Group Limited (“H&H”) (HKSE: 1112) (refer ASX announcement: 19 July 2019) and marksthe third major market into which both parties have successfully launched products.Bod and H&H’s products are now being sold in Australia, the United Kingdom and the Netherlands,with entry into additional European countries and the United States expected in coming months.As per the Company’s exclusive licencing agreement with H&H, Bod will receive a royalty on netproduct sales as well as a cost plus margin for the supply of its CBD extract and formulas. Revenuefrom first Netherland sales is expected to fall in the current quarter as products are now available to consumers."
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