South Africa paves way for CBD industry with Notice R586
South Africa’s health minister has published a Notice in the Government Gazette cementing the removal of the cannabis plant from the Schedules to the Medicines Act and down-scheduling THC, therefore paving the way for the CBD-industry to take off in the country, according to a report published by Daily Maverick.
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Neptune names former Walmart exec SVP of Health & Wellness division
Neptune Wellness Solutions has announced the appointment of Robert DiPede as SVP of its Biodroga business unit and recently formed Health & Wellness division
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US health and beauty sales soar as salons shuttered
Sales of health and beauty products rose an impressive 13 percent over the past 12 weeks compared to the same period in 2019, according to a report published by the Financial Times.
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LG Household & Health Care completes deal for Physiogel
LG Household & Health Care has completed its deal to purchase the licence for GlaxoSmithKline’s Physiogel in Asia and the U.S.
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Pura to enter US$8.5 billion sun care market with CBD deal
Pura has announced plans to close the acquisition of a CBD-infused sun care line tomorrow. Terms of the deal were not disclosed.
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Tivity Health poaches Walgreens veteran for CEO role
Tivity Health has announced that Walgreens President Richard Ashworth has been appointed as its President and CEO, effective June 1.
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Rituals shuts five California stores for good?
Rituals has announced that five of its Californian locations will not reopen for the foreseeable, according to a report published by WWD.
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Welltech1 spurs on wellness start-ups with launch of US$200,000 pot
Israeli investor Welltech1 is encouraging wellness start-ups to vie for a US$200,000 pot it’s making available to firms in the ‘wellness technology’ space, according to a report published by Times of Israel.
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L’Occitane Q4 2020: sales down a modest 1.6 percent to €338 million in 3 months to March 31
L’Occitane has announced an unaudited quarterly update for the period ended March 31, 2020. The group revealed that sales over the full year climbed 15.2 percent (reported; 12.8 percent constant), despite a lull in the last quarter.
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Neptune Wellness partners with Dr Jane Goodall to co-develop Forest Remedies line
Neptune Wellness Solutions has announced that it has teamed up with well known conservationist Dr Jane Goodall to co-develop a line of health and wellness products under the former’s Forest Remedies brand.
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