Economy

David Beckham invests in CBD cosmetics company

Published

4 years ago

February 7, 2021

Photo: DR | David Beckham's Instagram

David Beckham is the latest public figure to invest in cannabis, more precisely in the CBD (cannabidiol) cosmetics company Cellular Goods, which thanks to the support of the ex-British football player enters the London Stock Exchange, announced the BBC.

Beckham invested in Cellular Goods through his company DB Ventures, taking a minority stake, but enough to make the cosmetics company the first of its kind to be listed on the main London stock exchange.

Cellular Goods products use synthetic CBD (created in a lab rather than obtained directly from the plant) and are primarily intended for skin care and athletic recovery. Cellular Goods will trade on the stock market at a valuation of £20 million and the company expects to raise around £8 million through a public offering of shares.

“In recent years, we have seen massive growth and awareness of the importance of wellness and self-care and we believe that cannabinoids will prove to be the king of wellness ingredients,” said Cellular Goods CEO. , Alexis Abraham. “The demand for cannabinoid products is huge and the biosynthetic cannabinoids we use are cleaner, greener, purer, and frankly, they are the future,” he concluded.

Cellular Goods plans to sell its products from September 2021, according to its website.

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[Disclaimer: Please note that this text was originally written in Portuguese and is translated into English and other languages using an automatic translator. Some words may differ from the original and typos or errors may occur in other languages.]

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Laura Ramos

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With a degree in Journalism from the University of Coimbra, Laura Ramos has a postgraduate degree in Photography and has been a Journalist since 1998. She was a correspondent for Jornal de Notícias in Rome, Italy, and Press Advisor at the Office of the Minister of Education. She has an international certification in Permaculture (PDC) and created the street-art photographic archive “What says Lisbon?” @saywhatlisbon. Laura is currently Editor of CannaReporter and CannaZine, as well as founder and program director of PTMC - Portugal Medical Cannabis. She directed the documentary “Pacientes” and was part of the steering group of the first Postgraduate in GxP's for Medicinal Cannabis in Portugal, in partnership with the Military Laboratory and the Faculty of Pharmacy of the University of Lisbon.