A company which uses compounds found in cannabis to make skincare and athletic products has sold a stake to soccer superstar David Beckham’s DB Ventures and plans to list on the London Stock Exchange.
Sky News reports Cellular Goods has sold a minority stake to the former Manchester United and England midfielder’s global brand management and commercial ventures arm, according to people close to the situation.
The company, which makes its products in labs rather than from plants, says on its website that it plans to sell products from September 2021.
Beckham is understood to see CBD in consumer goods as an attractive part of his investment portfolio, according to a Sky News source.
Cellular Goods chief executive Alexis Abraham said: “The last few years have seen massive growth and awareness of the importance of wellness and self-care and we believe cannabinoids will prove to be the king of wellness ingredients.”
“The appetite for cannabinoid products is huge and the biosynthetic cannabinoids we will be exclusively using are cleaner, greener, purer, and frankly the future.”