Chill Brands, an international CBD company based in the UK, recently announced to investors that they have begun production on a new disposable electronic cigarette product line. This product is set to launch in the first quarter of 2023.
A new range of electronic cigarettes containing no nicotine has been released, with three fruit flavors, and will be available for purchase both in retail stores and online.
Chill Brands Group announced that an agreement with suppliers will lower initial production costs and extend production operations, allowing for quicker releases without significant upfront expenses.
We are pleased to announce the launch of our new Chill product as we seek to capitalize on the rapidly growing market of nicotine-free electronic cigarettes. The past few years have shown that consumers have varying demands for electronic cigarette products," commented Callum Sommerton, CEO of Chill Brands in a statement.
Chill Brands is looking to create a high-quality product line for electronic cigarette users and is seeking a non-toxic and non-addictive alternative to tobacco and other nicotine products.
We have generated significant interest among retailers and are exploring commercial avenues both domestically and internationally. I believe that Chill CBD vapor products have tremendous sales potential, and I look forward to sharing our latest developments with investors," Sommerton added.
Chill Brands Group has announced that they are expecting a $55 billion electronic cigarette product market by 2029. They have emphasized that currently about 25 million Americans are using electronic cigarette products.
Meanwhile, the UK Department of Public Health had previously reported that using electronic cigarettes is about 95% less harmful to health than smoking traditional tobacco products.
The company stated that cooling e-cigarette products will be manufactured according to specifications that comply with UK regulations in order to facilitate future growth opportunities.
The company is working on pre-sales plans with a new American distributor to ensure its products are sold in various retail stores throughout the United States.
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