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To: =?utf-8?Q?Vince?= <vince@showfile.com>
Date: Mon, 31 May 2021 13:06:41 +0000
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** Investing Insights
------------------------------------------------------------
When investing=2C your capital is at risk.
https://www.seedrs.com/learn/blog/investing-insights-cbd?utm_source=3Dmail=
chimp&utm_medium=3Demail&utm_campaign=3Dinvestinginsights_cbd&mc_cid=3D5e5=
2485e2e&mc_eid=3DUNIQID


** Vince=2C have you tried CBD?
------------------------------------------------------------

If so=2C you're in good company. 16% of people across Europe have used it=
=2C either recreationally or to treat anxiety=2C pain=2C insomnia and a ho=
st of other afflictions. 74% (https://www.healtheuropa.eu/applying-data-ad=
dress-europes-burgeoning-cbd-market/98012/?mc_cid=3D5e52485e2e&mc_eid=3DUN=
IQID)  of them reported that it positively impacted their lives.

CBD has quickly become one of the fastest growing wellness industries in t=
he UK=2C on track to match the entire herbal supplement market in value by=
 2025 (https://canex.co.uk/6-million-people-use-cbd-in-the-uk/?mc_cid=3D5e=
52485e2e&mc_eid=3DUNIQID) . At this rate=2C it's sprinting toward becoming=
 a billion pound (https://canex.co.uk/6-million-people-use-cbd-in-the-uk/?=
mc_cid=3D5e52485e2e&mc_eid=3DUNIQID)  industry.

Keep reading to find out why now is the time to invest in a sector on the=
 rise.
=F0=9F=8C=BFThe race for regulation
Quicker off the mark to achieve regulatory approval than its European coun=
terparts=2C Canada and the US control 40% (https://www.healtheuropa.eu/the=
-future-of-cbd-wellness-products/105589/?mc_cid=3D5e52485e2e&mc_eid=3DUNIQ=
ID#:~:text=3DThe%20global%20market%20for%20cannabidiol=2Ctapping%20into%20=
CBD's%20explosive%20popularity.)  of CBD market share...but following the=
 European Union's ruling of the substance as a non-narcotic last year=2C E=
urope is quickly catching up with 31%. According to Brightfield research=
=2C the industry is forecasted to grow by 400% (https://www.europeanbusine=
ssreview.com/how-much-the-cbd-market-is-growing-in-the-eu/?mc_cid=3D5e5248=
5e2e&mc_eid=3DUNIQID)  in Europe alone over the next four years. While the=
 pan-European regulatory landscape is not homogenous=2C investors are begi=
nning to recognise CBD as a fast-growing=2C and potentially lucrative spac=
e. Why? Because the compound is extremely versatile=2C creating opportunit=
ies in an array of sectors from F&B to cosmetics.

Over 50% (https://ilesol.com/european-cbd-market-report-2019/?mc_cid=3D5e5=
2485e2e&mc_eid=3DUNIQID) of CBD in Europe is consumed in the form of oils=
 and tinctures=2C 23% via pills and supplements=2C and the rest is either=
 used for vaping=2C or applied topically or ingested (think gummies=2C sof=
t drinks and snacks). To illustrate scale here=2C the global cannabis beve=
rage market is expected to reach $2.8B (https://www.bloomberg.com/press-re=
leases/2020-05-27/cbd-infused-beverages-market-size-expected-to-reach-2-8-=
billion-by-2025?mc_cid=3D5e52485e2e&mc_eid=3DUNIQID) by 2025 all on its ow=
n. When the UK decides to legalise cannabis for recreational use - which U=
K cross-party MPs believe will be in the next 5 years (https://www.bbc.co.=
uk/news/newsbeat-49073222?mc_cid=3D5e52485e2e&mc_eid=3DUNIQID) - the marke=
t for THC products will likely expand in much the same way. =E2=80=9CIt=E2=
=80=99s not a discussion of if the cannabis industry is going to be big=2C=
=E2=80=9D says (https://www.cityam.com/will-londons-budding-cannabis-marke=
t-turn-the-eu-green-with-envy/?mc_cid=3D5e52485e2e&mc_eid=3DUNIQID) Avihu=
 Tamir=2C CEO of medicinal cannabis company Kanabo Group
(https://www.kanabogroup.com/?mc_cid=3D5e52485e2e&mc_eid=3DUNIQID) (which=
 just listed on the London Stock Exchange)=2C =E2=80=9Cnow the question is=
=2C when is it going to happen?"

=F0=9F=8C=BF0 to 100
The stigma surrounding cannabis investment is fading fast=2C as institutio=
nal and even celebrity investors (https://www.thetimes.co.uk/article/the-p=
ot-power-list-the-celebrities-investing-in-cannabis-gcgv5llnm?mc_cid=3D5e5=
2485e2e&mc_eid=3DUNIQID) such as David Beckham=2C Martha Stewart and Mike=
 Tyson=2C pile into the space. Between 2011 and 2019=2C global venture cap=
ital investment in cannabis jumped from barely over $0 to $1.5B. One of 20=
19's rising stars was UK CBD brand Cannaray (https://cannaray.co.uk/?mc_ci=
d=3D5e52485e2e&mc_eid=3DUNIQID) =2C which simultaneously acquired European=
 drug distributor Therismos and raised =C2=A37.8M (https://agfundernews.co=
m/uks-cannaray-raises-7-8m-series-a-in-major-european-cbd-gambit.html?mc_c=
id=3D5e52485e2e&mc_eid=3DUNIQID)  in Series A funding from private investo=
rs.

=E2=9E=A4This Visible report (https://www.visible.vc/blog/10-venture-capit=
alists-investing-in-cannabis/?mc_cid=3D5e52485e2e&mc_eid=3DUNIQID)  tracks=
 VC-led deals in the cannabis sector since 2011:
https://www.visible.vc/blog/10-venture-capitalists-investing-in-cannabis/?=
mc_cid=3D5e52485e2e&mc_eid=3DUNIQID
This upward trend doesn't stop at 2019. Just this month=2C UK-based CBD br=
and Trip closed a =C2=A33.5M (https://www.benzinga.com/markets/cannabis/21=
/05/21181227/u-k-cbd-brand-trip-raises-5m-to-fund-u-s-market-debut?mc_cid=
=3D5e52485e2e&mc_eid=3DUNIQID) funding round led by Depop CEO Maria Raga a=
nd serial entrepreneur and Angel investor=2C Christian Angermayer=2C to fi=
nance its impending US expansion.

At Seedrs=2C our legal and compliance teams worked overtime this past year=
 so that we could launch our very first CBD campaign=2C
Nooro (https://www.seedrs.com/businesses/nooro?utm_source=3Dwordpress&utm_=
medium=3Dblog&utm_campaign=3Dnooro_investinginsights&mc_cid=3D5e52485e2e&m=
c_eid=3DUNIQID) =2C which raised over =C2=A3200K from 483 investors. Since=
 then=2C we've funded Voyager CBD (https://www.seedrs.com/businesses/voyag=
er-cbd?utm_source=3Dwordpress&utm_medium=3Dblog&utm_campaign=3Dvoyager_inv=
estinginsights&mc_cid=3D5e52485e2e&mc_eid=3DUNIQID)  (=C2=A31M)=2C Alphagr=
een (https://www.seedrs.com/alphagreen?utm_source=3Dwordpress&utm_medium=
=3Dblog&utm_campaign=3Dalphagreen_investinginsights&mc_cid=3D5e52485e2e&mc=
_eid=3DUNIQID)  (=C2=A32M) and Cannabrew (https://www.seedrs.com/cannabrew=
?utm_source=3Dwordpress&utm_medium=3Dblog&utm_campaign=3Dcannabrew_investi=
nginsights&mc_cid=3D5e52485e2e&mc_eid=3DUNIQID)  (=C2=A3220K). Avida Globa=
l (https://www.seedrs.com/avidaglobal?utm_source=3Dmailchimp&utm_medium=3D=
email&utm_campaign=3Davidaglobal_investinginsights_cbd&mc_cid=3D5e52485e2e=
&mc_eid=3DUNIQID) and KLORIS (https://www.seedrs.com/kloriscbd?utm_source=
=3Dwordpress&utm_medium=3Dblog&utm_campaign=3Dkloris_investinginsights&mc_=
cid=3D5e52485e2e&mc_eid=3DUNIQID)  are live on the platform now=2C with=
 =C2=A3
878K and =C2=A3296K raised respectively=2C and Jersey Hemp (https://www.se=
edrs.com/jerseyhemp/coming-soon?utm_source=3Dwordpress&utm_medium=3Dblog&u=
tm_campaign=3Djerseyhemp_investinginsights&mc_cid=3D5e52485e2e&mc_eid=3DUN=
IQID)  and Nordic Oil are coming soon.

=F0=9F=8C=BFThe future of a crowd(fund)ed market
With demand for natural wellness solutions spiking amidst the pandemic (UK=
 consumers currently spend more on CBD than Vitamin B and C combined (http=
s://www.foodnavigator.com/Article/2021/05/06/UK-CBD-market-the-world-s-sec=
ond-largest-behind-US-association-body-claims?utm_source=3Dcopyright&utm_m=
edium=3DOnSite&utm_campaign=3Dcopyright&mc_cid=3D5e52485e2e&mc_eid=3DUNIQI=
D) )=2C all eyes are on this nascent market - but it's not without risk. T=
he next challenge for brands will be maintaining a competitive edge and ke=
eping pace with changing consumer taste=2C in a market with over 5=2C000 a=
ctive players (https://businesscann.com/expect-to-see-a-major-shake-up-in-=
2021-as-cbd-market-reaches-brand-saturation-point/?mc_cid=3D5e52485e2e&mc_=
eid=3DUNIQID) . The good news is that now=2C as regulation evolves=2C inno=
vation accelerates=2C and more CBD businesses seek capital investment=2C r=
etail investors no longer have to sit and watch from the sidelines.

Click here (https://www.seedrs.com/insights/investing-features-insight/inv=
esting-insights-cbd?utm_source=3Dmailchimp&utm_medium=3Demail&utm_campaign=
=3Dinvestinginsights_cbd&mc_cid=3D5e52485e2e&mc_eid=3DUNIQID) for more ins=
ights=2C or keep scrolling to find out how you can diversify your portfoli=
o with investments in CBD and alternative healthcare.

The Seedrs Team


** Editorial from the Experts
------------------------------------------------------------
https://www.seedrs.com/insights/investing-features-insight/startups-were-w=
atching-cbd-alternative-healthcare?utm_source=3Dmailchimp&utm_medium=3Dema=
il&utm_campaign=3Dbd_oped_investinginsights_cbd&mc_cid=3D5e52485e2e&mc_eid=
=3DUNIQID
Startups we're watching

These CBD & alternative healthcare brands are on our watch-list.

Read more (https://www.seedrs.com/insights/investing-features-insight/star=
tups-were-watching-cbd-alternative-healthcare?utm_source=3Dmailchimp&utm_m=
edium=3Demail&utm_campaign=3Dbd_oped_investinginsights_cbd&mc_cid=3D5e5248=
5e2e&mc_eid=3DUNIQID)

https://www.seedrs.com/learn/blog/investing/whats-new-in-cbd-from-the-co-f=
ounder-of-kloris?utm_source=3Dmailchimp&utm_medium=3Demail&utm_campaign=3D=
kloris_meetthefounder_investinginsights&mc_cid=3D5e52485e2e&mc_eid=3DUNIQI=
D
The KLORIS CBD Story

Growth and innovation in CBD=2C from the founder of KLORIS.

Read more (https://www.seedrs.com/learn/blog/investing/whats-new-in-cbd-fr=
om-the-co-founder-of-kloris?utm_source=3Dmailchimp&utm_medium=3Demail&utm_=
campaign=3Dkloris_meetthefounder_investinginsights&mc_cid=3D5e52485e2e&mc_=
eid=3DUNIQID)


** CBD in the Headlines
------------------------------------------------------------
https://www.visualcapitalist.com/9-things-investors-should-know-about-the-=
cannabis-industry/?mc_cid=3D5e52485e2e&mc_eid=3DUNIQID

9 Things Investors Should Know About the Cannabis Industry in 2021
Read more (https://www.visualcapitalist.com/9-things-investors-should-know=
-about-the-cannabis-industry/?mc_cid=3D5e52485e2e&mc_eid=3DUNIQID)


https://www.visible.vc/blog/10-venture-capitalists-investing-in-cannabis/?=
mc_cid=3D5e52485e2e&mc_eid=3DUNIQID

10 Venture Capitalists Investing in Cannabis
Read more (https://www.visible.vc/blog/10-venture-capitalists-investing-in=
-cannabis/?mc_cid=3D5e52485e2e&mc_eid=3DUNIQID)


** CBD on the Secondary Market
------------------------------------------------------------
https://www.seedrs.com/businesses/nooro?utm_source=3Dmailchimp&utm_medium=
=3Demail&utm_campaign=3Dnooro_investinginsights_cbd&mc_cid=3D5e52485e2e&mc=
_eid=3DUNIQID
Nooro
482 investors
View shares (https://www.seedrs.com/businesses/nooro?utm_source=3Dmailchim=
p&utm_medium=3Demail&utm_campaign=3Dnooro_investinginsights_cbd&mc_cid=3D5=
e52485e2e&mc_eid=3DUNIQID)
https://www.seedrs.com/businesses/voyager-cbd?utm_source=3Dmailchimp&utm_m=
edium=3Demail&utm_campaign=3Dvoyagercbd_investinginsights_cbd&mc_cid=3D5e5=
2485e2e&mc_eid=3DUNIQID
Voyager CBD
295 investors
View shares (https://www.seedrs.com/businesses/voyager-cbd?utm_source=3Dma=
ilchimp&utm_medium=3Demail&utm_campaign=3Dvoyagercbd_investinginsights_cbd=
&mc_cid=3D5e52485e2e&mc_eid=3DUNIQID)


** Entrepreneur Insights
------------------------------------------------------------
https://www.seedrs.com/academy/crowdfunding-cbd-businesses/?utm_source=3Dm=
ailchimp&utm_medium=3Demail&utm_campaign=3Dcrowdfundingcbd_investinginsigh=
ts&mc_cid=3D5e52485e2e&mc_eid=3DUNIQID
Crowdfunding x CBD

Anecdotes from the founder of Europe's leading CBD marketplace.

Read more (https://www.seedrs.com/academy/crowdfunding-cbd-businesses/?utm=
_source=3Dmailchimp&utm_medium=3Demail&utm_campaign=3Dcrowdfundingcbd_inve=
stinginsights&mc_cid=3D5e52485e2e&mc_eid=3DUNIQID)

https://www.seedrs.com/academy/nooro-making-a-mark-for-cbd-crowdfunding/?u=
tm_source=3Dmailchimp&utm_medium=3Demail&utm_campaign=3Dnoorocasestudy_inv=
estinginsights_cbd&mc_cid=3D5e52485e2e&mc_eid=3DUNIQID
Nooro Leads the Way

Inside our very first CBD crowdfunding campaign.

Read more (https://www.seedrs.com/academy/nooro-making-a-mark-for-cbd-crow=
dfunding/?utm_source=3Dmailchimp&utm_medium=3Demail&utm_campaign=3Dnooroca=
sestudy_investinginsights_cbd&mc_cid=3D5e52485e2e&mc_eid=3DUNIQID)


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e no-repeat center/cover;mso-line-height-rule: exactly;-ms-text-size-adjus=
t: 100%;-webkit-text-size-adjust: 100%;background-color: #f4f6f8;backgroun=
d-image: none;background-repeat: no-repeat;background-position: center;bac=
kground-size: cover;border-top: 0;border-bottom: 0;padding-top: 10px;paddi=
ng-bottom: 10px;">
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ace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;max-wid=
th: 600px !important;">
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dyContainer" style=3D"background:#ffffff none no-repeat center/cover;mso-l=
ine-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adju=
st: 100%;background-color: #ffffff;background-image: none;background-repea=
t: no-repeat;background-position: center;background-size: cover;border-top=
: 0;border-bottom: 0;padding-top: 0;padding-bottom: 0;"><table border=3D"0=
" cellpadding=3D"0" cellspacing=3D"0" width=3D"100%" class=3D"mcnImageBloc=
k" style=3D"min-width: 100%;border-collapse: collapse;mso-table-lspace: 0p=
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t: 100%;">
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lass=3D"mcnImageBlockInner">
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ble-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;=
">
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tyle=3D"padding-right: 0px;padding-left: 0px;padding-top: 0;padding-bottom=
: 0;text-align: center;mso-line-height-rule: exactly;-ms-text-size-adjust:=
 100%;-webkit-text-size-adjust: 100%;">

                                    <a href=3D"https://seedrs.us4.list-man=
age.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D3ac34152a6&e=3D5ef1148adf" title=3D"" class=3D"" target=3D"_blank" style=3D"mso-line-height-=
rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
                                        <img align=3D"center" alt=3D"" src=
=3D"https://mcusercontent.com/b211206c49ae6c040bfb8ae74/images/8d3d324e-62=
24-7aea-89e2-de0b82464691.jpg" width=3D"600" style=3D"max-width: 1200px;pa=
dding-bottom: 0;display: inline !important;vertical-align: bottom;border:=
 0;height: auto;outline: none;text-decoration: none;-ms-interpolation-mode=
: bicubic;" class=3D"mcnImage">
                                    </a>

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00%" class=3D"mcnTextBlock" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;">
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g-top: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
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pacing=3D"0" style=3D"max-width: 100%;min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;" width=3D"100%" class=3D"mcnTextContent=
Container">
                    <tbody><tr>

                        <td valign=3D"top" class=3D"mcnTextContent" style=
=3D"padding-top: 0;padding-right: 18px;padding-bottom: 9px;padding-left: 1=
8px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-=
size-adjust: 100%;word-break: break-word;color: #757575;font-family: Helve=
tica;font-size: 16px;line-height: 150%;text-align: left;">


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</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnTextBlock" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;">
    <tbody class=3D"mcnTextBlockOuter">
        <tr>
            <td valign=3D"top" class=3D"mcnTextBlockInner" style=3D"paddin=
g-top: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
              =09<!--[if mso]>
=09=09=09=09<table align=3D"left" border=3D"0" cellspacing=3D"0" cellpaddi=
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=09=09=09
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=09=09=09=09<![endif]-->
                <table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" style=3D"max-width: 100%;min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;" width=3D"100%" class=3D"mcnTextContent=
Container">
                    <tbody><tr>

                        <td valign=3D"top" class=3D"mcnTextContent" style=
=3D"padding-top: 0;padding-right: 18px;padding-bottom: 9px;padding-left: 1=
8px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-=
size-adjust: 100%;word-break: break-word;color: #757575;font-family: Helve=
tica;font-size: 16px;line-height: 150%;text-align: left;">

                            <h3 style=3D"display: block;margin: 0;padding:=
 0;color: #444444;font-family: Helvetica;font-size: 22px;font-style: norma=
l;font-weight: bold;line-height: 150%;letter-spacing: normal;text-align: l=
eft;"><span style=3D"font-size:22px"><span style=3D"font-family:lato=2Chel=
vetica neue=2Chelvetica=2Carial=2Csans-serif">Vince=2C have you=
 tried CBD?</span></span></h3>

<p style=3D"margin: 10px 0;padding: 0;mso-line-height-rule: exactly;-ms-te=
xt-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #757575;font-fa=
mily: Helvetica;font-size: 16px;line-height: 150%;text-align: left;"><span=
 style=3D"font-size:16px"><font color=3D"#222f39" face=3D"lato=2C helvetic=
a neue=2C helvetica=2C arial=2C sans-serif">If so=2C you're in good compan=
y. 16% of people across Europe have used&nbsp;it=2C either recreationally=
 or to treat anxiety=2C pain=2C insomnia&nbsp;and a host of other afflicti=
ons.&nbsp;<a href=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db2=
11206c49ae6c040bfb8ae74&id=3Da8a45e2240&e=3D5ef1148adf" target=3D"_blank"=
 style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit=
-text-size-adjust: 100%;color: #1873cc;font-weight: normal;text-decoration=
: underline;">74%</a>&nbsp;of them reported that it&nbsp;positively impact=
ed their lives.</font><br>
<br>
<font color=3D"#222f39" face=3D"lato=2C helvetica neue=2C helvetica=2C ari=
al=2C sans-serif">CBD has quickly become one of the fastest growing wellne=
ss&nbsp;industries in the UK=2C on track to match the entire herbal supple=
ment market in value <a href=3D"https://seedrs.us4.list-manage.com/track/c=
lick?u=3Db211206c49ae6c040bfb8ae74&id=3Df21f04b896&e=3D5ef1148adf" target=
=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 1=
00%;-webkit-text-size-adjust: 100%;color: #1873cc;font-weight: normal;text=
-decoration: underline;">by 2025</a>. At this rate=2C it's sprinting towar=
d becoming a&nbsp;<a href=3D"https://seedrs.us4.list-manage.com/track/clic=
k?u=3Db211206c49ae6c040bfb8ae74&id=3Dd46f8a2efc&e=3D5ef1148adf" target=3D=
"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%=
;-webkit-text-size-adjust: 100%;color: #1873cc;font-weight: normal;text-de=
coration: underline;">billion pound</a>&nbsp;industry.<br>
<br>
<strong>Keep reading to find out why now is the time to get involved in a&=
nbsp;sector&nbsp;on the rise.</strong></font></span></p>

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00%" class=3D"mcnDividerBlock" style=3D"min-width: 100%;border-collapse: c=
ollapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust:=
 100%;-webkit-text-size-adjust: 100%;table-layout: fixed !important;">
    <tbody class=3D"mcnDividerBlockOuter">
        <tr>
            <td class=3D"mcnDividerBlockInner" style=3D"min-width: 100%;pa=
dding: 18px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webk=
it-text-size-adjust: 100%;">
                <table class=3D"mcnDividerContent" border=3D"0" cellpaddin=
g=3D"0" cellspacing=3D"0" width=3D"100%" style=3D"min-width: 100%;border-t=
op: 2px solid #EAEAEA;border-collapse: collapse;mso-table-lspace: 0pt;mso-=
table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100=
%;">
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t-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
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00%" class=3D"mcnTextBlock" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;">
    <tbody class=3D"mcnTextBlockOuter">
        <tr>
            <td valign=3D"top" class=3D"mcnTextBlockInner" style=3D"paddin=
g-top: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
              =09<!--[if mso]>
=09=09=09=09<table align=3D"left" border=3D"0" cellspacing=3D"0" cellpaddi=
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=09=09=09=09<![endif]-->
                <table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" style=3D"max-width: 100%;min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;" width=3D"100%" class=3D"mcnTextContent=
Container">
                    <tbody><tr>

                        <td valign=3D"top" class=3D"mcnTextContent" style=
=3D"padding-top: 0;padding-right: 18px;padding-bottom: 9px;padding-left: 1=
8px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-=
size-adjust: 100%;word-break: break-word;color: #757575;font-family: Helve=
tica;font-size: 16px;line-height: 150%;text-align: left;">

                            <span style=3D"font-size:22px"><span style=3D"=
color:#222f39"><span style=3D"font-family:lato=2Chelvetica neue=2Chelvetic=
a=2Carial=2Csans-serif"><strong>=F0=9F=8C=BFThe race for regulation</stron=
g></span></span></span><br>
<font color=3D"#222f39" face=3D"lato=2C helvetica neue=2C helvetica=2C ari=
al=2C sans-serif"><span style=3D"font-size:16px">Quicker off the mark to a=
chieve regulatory approval than its European counterparts=2C Canada and th=
e US control&nbsp;<a href=3D"https://seedrs.us4.list-manage.com/track/clic=
k?u=3Db211206c49ae6c040bfb8ae74&id=3Dbb3547ec48&e=3D5ef1148adf" target=3D=
"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%=
;-webkit-text-size-adjust: 100%;color: #1873cc;font-weight: normal;text-de=
coration: underline;">40%</a>&nbsp;of CBD market share...but following the=
 European Union's ruling of the substance as a non-narcotic last year=2C E=
urope is quickly catching up with 31%. According to&nbsp;Brightfield resea=
rch=2C the industry is forecasted to grow by <a href=3D"https://seedrs.us4=
=2Elist-manage.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D9eea6bee14=
&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule: exactly=
;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1873cc;=
font-weight: normal;text-decoration: underline;">400%</a>&nbsp;in Europe a=
lone over the next four years. While the pan-European regulatory landscape=
 is not homogenous=2C investors are beginning to recognise CBD as a fast-g=
rowing=2C and potentially lucrative space. Why? Because the compound is ex=
tremely versatile=2C creating opportunities in an array of sectors from F&=
amp;B to cosmetics.<br>
<br>
Over <a href=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db211206=
c49ae6c040bfb8ae74&id=3Da9975e2b09&e=3D5ef1148adf" target=3D"_blank" styl=
e=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text=
-size-adjust: 100%;color: #1873cc;font-weight: normal;text-decoration: und=
erline;">50%</a> of CBD in Europe is consumed in the form of oils and tinc=
tures=2C 23% via pills and supplements=2C and the rest is either used for=
 vaping=2C or applied topically or ingested (think gummies=2C soft drinks=
 and snacks). To illustrate scale here=2C the global&nbsp;cannabis beverag=
e market is expected to reach <a href=3D"https://seedrs.us4.list-manage.co=
m/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D726e362a4d&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size-=
adjust: 100%;-webkit-text-size-adjust: 100%;color: #1873cc;font-weight: no=
rmal;text-decoration: underline;">$2.8B</a> by 2025 all on its own. When t=
he UK decides to legalise cannabis for recreational use - which UK cross-p=
arty MPs believe will be in the <a href=3D"https://seedrs.us4.list-manage.=
com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D21b939c826&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-siz=
e-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1873cc;font-weight:=
 normal;text-decoration: underline;">next 5 years</a> - the market for THC=
 products will likely expand in much the same way. =E2=80=9CIt=E2=80=99s n=
ot a discussion of <em>if</em> the cannabis industry is going to be big=2C=
=E2=80=9D <a href=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db2=
11206c49ae6c040bfb8ae74&id=3Df2023cdc21&e=3D5ef1148adf" target=3D"_blank"=
 style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit=
-text-size-adjust: 100%;color: #1873cc;font-weight: normal;text-decoration=
: underline;">says</a> Avihu Tamir=2C CEO of medicinal cannabis company <a=
 href=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae6c=
040bfb8ae74&id=3D19cb14f5ed&e=3D5ef1148adf" target=3D"_blank" style=3D"ms=
o-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-a=
djust: 100%;color: #1873cc;font-weight: normal;text-decoration: underline;=
">Kanabo Group</a> (which just listed on the London Stock Exchange)=2C =E2=
=80=9Cnow the question is=2C when is it going to happen?"</span></font><br=
>
<br>
<span style=3D"font-size:22px"><strong><span style=3D"color:#222f39"><span=
 style=3D"font-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-ser=
if">=F0=9F=8C=BF0 to 100</span></span></strong></span><br>
<span style=3D"font-size:16px"><font color=3D"#222f39" face=3D"lato=2C hel=
vetica neue=2C helvetica=2C arial=2C sans-serif">The stigma surrounding ca=
nnabis investment is fading fast=2C as institutional and even&nbsp;<a href=
=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae6c040bf=
b8ae74&id=3D1dfbff9055&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-lin=
e-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust=
: 100%;color: #1873cc;font-weight: normal;text-decoration: underline;">cel=
ebrity investors</a> such as David Beckham=2C Martha Stewart and Mike Tyso=
n=2C pile into the space. Between 2011 and 2019=2C global venture capital=
 investment in cannabis jumped from barely over $0 to $1.5B. One of 2019's=
 rising stars was UK CBD brand <a href=3D"https://seedrs.us4.list-manage.c=
om/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D95231302ba&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size=
-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1873cc;font-weight: n=
ormal;text-decoration: underline;">Cannaray</a>=2C&nbsp;which simultaneous=
ly acquired European drug distributor Therismos and raised&nbsp;<a href=3D=
"https://seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae6c040bfb8a=
e74&id=3Dc0a4956f10&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-h=
eight-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 1=
00%;color: #1873cc;font-weight: normal;text-decoration: underline;">=C2=A3=
7.8M</a>&nbsp;in Series A funding from private investors.<br>
<br>
=E2=9E=A4This <a href=3D"https://seedrs.us4.list-manage.com/track/click?u=
=3Db211206c49ae6c040bfb8ae74&id=3Df6df082f94&e=3D5ef1148adf" target=3D"_b=
lank" style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-w=
ebkit-text-size-adjust: 100%;color: #1873cc;font-weight: normal;text-decor=
ation: underline;">Visible report</a>&nbsp;tracks VC-led deals in the cann=
abis sector since 2011:</font></span>
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                </tbody></table>
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</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnImageBlock" style=3D"min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
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                <td valign=3D"top" style=3D"padding: 9px;mso-line-height-r=
ule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;" c=
lass=3D"mcnImageBlockInner">
                    <table align=3D"left" width=3D"100%" border=3D"0" cell=
padding=3D"0" cellspacing=3D"0" class=3D"mcnImageContentContainer" style=
=3D"min-width: 100%;border-collapse: collapse;mso-table-lspace: 0pt;mso-ta=
ble-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;=
">
                        <tbody><tr>
                            <td class=3D"mcnImageContent" valign=3D"top" s=
tyle=3D"padding-right: 9px;padding-left: 9px;padding-top: 0;padding-bottom=
: 0;text-align: center;mso-line-height-rule: exactly;-ms-text-size-adjust:=
 100%;-webkit-text-size-adjust: 100%;">

                                    <a href=3D"https://seedrs.us4.list-man=
age.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3Dc9d249c696&e=3D5ef1148adf" title=3D"" class=3D"" target=3D"_blank" style=3D"mso-line-height-=
rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
                                        <img align=3D"center" alt=3D"" src=
=3D"https://mcusercontent.com/b211206c49ae6c040bfb8ae74/images/e82dd772-90=
0e-e1bc-d212-76d1150ee117.png" width=3D"564" style=3D"max-width: 1200px;pa=
dding-bottom: 0;display: inline !important;vertical-align: bottom;border:=
 0;height: auto;outline: none;text-decoration: none;-ms-interpolation-mode=
: bicubic;" class=3D"mcnImage">
                                    </a>

                            </td>
                        </tr>
                    </tbody></table>
                </td>
            </tr>
    </tbody>
</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnTextBlock" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;">
    <tbody class=3D"mcnTextBlockOuter">
        <tr>
            <td valign=3D"top" class=3D"mcnTextBlockInner" style=3D"paddin=
g-top: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
              =09<!--[if mso]>
=09=09=09=09<table align=3D"left" border=3D"0" cellspacing=3D"0" cellpaddi=
ng=3D"0" width=3D"100%" style=3D"width:100%;">
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=09=09=09=09<![endif]-->
                <table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" style=3D"max-width: 100%;min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;" width=3D"100%" class=3D"mcnTextContent=
Container">
                    <tbody><tr>

                        <td valign=3D"top" class=3D"mcnTextContent" style=
=3D"padding-top: 0;padding-right: 18px;padding-bottom: 9px;padding-left: 1=
8px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-=
size-adjust: 100%;word-break: break-word;color: #757575;font-family: Helve=
tica;font-size: 16px;line-height: 150%;text-align: left;">

                            <span style=3D"font-size:16px"><span style=3D"=
font-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-serif"><span=
 style=3D"color:#222F39">This upward trend doesn't stop at 2019. Just this=
 month=2C UK-based CBD brand Trip closed a </span><a href=3D"https://seedr=
s.us4.list-manage.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D12b3d=
d217e&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule: ex=
actly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #18=
73cc;font-weight: normal;text-decoration: underline;"><span style=3D"color=
:#1873cc">=C2=A33.5M</span></a><span style=3D"color:#222F39"> funding roun=
d led by Depop CEO Maria Raga and serial entrepreneur and Angel investor=
=2C Christian Angermayer=2C to finance its impending US expansion.<br>
<br>
At Seedrs=2C our legal and compliance teams worked overtime this past year=
 so that we could launch our very first CBD campaign=2C&nbsp;</span><a hre=
f=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae6c040b=
fb8ae74&id=3D71d840f1a9&e=3D5ef1148adf" style=3D"mso-line-height-rule: ex=
actly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #18=
73cc;font-weight: normal;text-decoration: underline;"><span style=3D"color=
:#1873cc">Nooro</span></a><span style=3D"color:#222F39">=2C which raised o=
ver =C2=A3200K from 483 investors. Since then=2C we've funded&nbsp;</span>=
<a href=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae=
6c040bfb8ae74&id=3D54b85fb2fe&e=3D5ef1148adf" style=3D"mso-line-height-ru=
le: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;colo=
r: #1873cc;font-weight: normal;text-decoration: underline;"><span style=3D=
"color:#1873cc">Voyager CBD</span></a><span style=3D"color:#222F39">&nbsp;=
(=C2=A31M)=2C </span><span style=3D"color:#222F39"> </span><a href=3D"http=
s://seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae6c040bfb8ae74&i=
d=3Df9ed9ac983&e=3D5ef1148adf" style=3D"mso-line-height-rule: exactly;-ms=
-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1873cc;font=
-weight: normal;text-decoration: underline;"><span style=3D"color:#1873cc"=
>Alphagreen</span></a><span style=3D"color:#222F39">&nbsp;(=C2=A32M) and&n=
bsp;</span><a href=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db=
211206c49ae6c040bfb8ae74&id=3Db85df49240&e=3D5ef1148adf" style=3D"mso-lin=
e-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust=
: 100%;color: #1873cc;font-weight: normal;text-decoration: underline;"><sp=
an style=3D"color:#1873cc">Cannabrew</span></a><span style=3D"color:#222F3=
9">&nbsp;(=C2=A3220K). <a href=3D"https://seedrs.us4.list-manage.com/track=
/click?u=3Db211206c49ae6c040bfb8ae74&id=3D55495ecb10&e=3D5ef1148adf" targ=
et=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size-adjust:=
 100%;-webkit-text-size-adjust: 100%;color: #1873cc;font-weight: normal;te=
xt-decoration: underline;">Avida Global</a> and </span><a href=3D"https://=
seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D=
5d3af4efc7&e=3D5ef1148adf" style=3D"mso-line-height-rule: exactly;-ms-tex=
t-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1873cc;font-wei=
ght: normal;text-decoration: underline;"><span style=3D"color:#1873cc">KLO=
RIS</span></a><span style=3D"color:#222F39">&nbsp;are live on the platform=
 now=2C with =C2=A3</span></span></span><span style=3D"font-size:16px"><sp=
an style=3D"font-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-s=
erif"><span style=3D"color:#222F39">878K and&nbsp;</span></span></span><sp=
an style=3D"font-size:16px"><span style=3D"font-family:lato=2Chelvetica ne=
ue=2Chelvetica=2Carial=2Csans-serif"><span style=3D"color:#222F39">=C2=A32=
96K raised respectively=2C and&nbsp;</span><a href=3D"https://seedrs.us4.l=
ist-manage.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D259a906382&e=
=3D5ef1148adf" style=3D"mso-line-height-rule: exactly;-ms-text-size-adjus=
t: 100%;-webkit-text-size-adjust: 100%;color: #1873cc;font-weight: normal;=
text-decoration: underline;"><span style=3D"color:#1873cc">Jersey Hemp</sp=
an></a>&nbsp;<span style=3D"color:#222F39">and Nordic Oil are coming soon.=
</span></span></span><br>
<br>
<span style=3D"font-size:22px"><strong><span style=3D"color:#222f39"><span=
 style=3D"font-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-ser=
if">=F0=9F=8C=BFThe future of a crowd(fund)ed market</span></span></strong=
></span><br>
<font color=3D"#222f39" face=3D"lato=2C helvetica neue=2C helvetica=2C ari=
al=2C sans-serif"><span style=3D"font-size:16px">With demand for natural w=
ellness solutions spiking amidst the pandemic (UK consumers currently spen=
d more on CBD than Vitamin B and C <a href=3D"https://seedrs.us4.list-mana=
ge.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D7c78e3b6c3&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-=
size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1873cc;font-weigh=
t: normal;text-decoration: underline;">combined</a>)=2C all eyes are on th=
is nascent market - but it's not without risk. The next challenge for bran=
ds will be maintaining a competitive edge and keeping pace with changing c=
onsumer taste=2C in a market with over <a href=3D"https://seedrs.us4.list-=
manage.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3Dadc9fc8870&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-t=
ext-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1873cc;font-w=
eight: normal;text-decoration: underline;">5=2C000 active players</a>. The=
 good news is that now=2C as regulation evolves=2C innovation accelerates=
=2C and more CBD businesses seek capital investment=2C retail investors no=
 longer have to sit and watch from the sidelines.&nbsp;</span><br>
<br>
<span style=3D"font-size:16px"><a href=3D"https://seedrs.us4.list-manage.c=
om/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D4991cf1cd3&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-size=
-adjust: 100%;-webkit-text-size-adjust: 100%;color: #1873cc;font-weight: n=
ormal;text-decoration: underline;"><span style=3D"font-family:lato=2Chelve=
tica neue=2Chelvetica=2Carial=2Csans-serif">Click here</span></a> for more=
 insights=2C or keep scrolling to find out how you can diversify your port=
folio with investments in CBD and alternative healthcare.</span></font><br=
>
<br>
<span style=3D"font-size:16px"><span style=3D"color:#222f39"><span style=
=3D"font-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-serif">Th=
e Seedrs Team</span></span></span>
                        </td>
                    </tr>
                </tbody></table>
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</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnDividerBlock" style=3D"min-width: 100%;border-collapse: c=
ollapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust:=
 100%;-webkit-text-size-adjust: 100%;table-layout: fixed !important;">
    <tbody class=3D"mcnDividerBlockOuter">
        <tr>
            <td class=3D"mcnDividerBlockInner" style=3D"min-width: 100%;pa=
dding: 18px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webk=
it-text-size-adjust: 100%;">
                <table class=3D"mcnDividerContent" border=3D"0" cellpaddin=
g=3D"0" cellspacing=3D"0" width=3D"100%" style=3D"min-width: 100%;border-t=
op: 2px solid #EAEAEA;border-collapse: collapse;mso-table-lspace: 0pt;mso-=
table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100=
%;">
                    <tbody><tr>
                        <td style=3D"mso-line-height-rule: exactly;-ms-tex=
t-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
                            <span></span>
                        </td>
                    </tr>
                </tbody></table>
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</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnTextBlock" style=3D"min-width: 100%;border-collapse: coll=
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g-top: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webki=
t-text-size-adjust: 100%;">
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                <table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" style=3D"max-width: 100%;min-width: 100%;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;" width=3D"100%" class=3D"mcnTextContent=
Container">
                    <tbody><tr>

                        <td valign=3D"top" class=3D"mcnTextContent" style=
=3D"padding-top: 0;padding-right: 18px;padding-bottom: 9px;padding-left: 1=
8px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-=
size-adjust: 100%;word-break: break-word;color: #757575;font-family: Helve=
tica;font-size: 16px;line-height: 150%;text-align: left;">

                            <h3 style=3D"text-align: center;display: block=
;margin: 0;padding: 0;color: #444444;font-family: Helvetica;font-size: 22p=
x;font-style: normal;font-weight: bold;line-height: 150%;letter-spacing: n=
ormal;"><span style=3D"font-size:22px"><span style=3D"font-family:lato=2Ch=
elvetica neue=2Chelvetica=2Carial=2Csans-serif">Editorial from the Experts=
</span></span></h3>

                        </td>
                    </tr>
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</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnCaptionBlock" style=3D"border-collapse: collapse;mso-tabl=
e-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100%;-webkit-tex=
t-size-adjust: 100%;">
    <tbody class=3D"mcnCaptionBlockOuter">
        <tr>
            <td class=3D"mcnCaptionBlockInner" valign=3D"top" style=3D"pad=
ding: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit=
-text-size-adjust: 100%;">


<table align=3D"left" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" cla=
ss=3D"mcnCaptionBottomContent" width=3D"282" style=3D"border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;">
    <tbody><tr>
        <td class=3D"mcnCaptionBottomImageContent" align=3D"center" valign=
=3D"top" style=3D"padding: 0 9px 9px 9px;mso-line-height-rule: exactly;-ms=
-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;">


            <a href=3D"https://seedrs.us4.list-manage.com/track/click?u=3D=
b211206c49ae6c040bfb8ae74&id=3D20bd679e91&e=3D5ef1148adf" title=3D"" clas=
s=3D"" target=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-s=
ize-adjust: 100%;-webkit-text-size-adjust: 100%;">


            <img alt=3D"" src=3D"https://mcusercontent.com/b211206c49ae6c0=
40bfb8ae74/images/f7c3075c-43e9-5921-a8e8-d7cfa00f6943.png" width=3D"264"=
 style=3D"max-width: 1200px;border: 0;height: auto;outline: none;text-deco=
ration: none;-ms-interpolation-mode: bicubic;vertical-align: bottom;" clas=
s=3D"mcnImage">
            </a>

        </td>
    </tr>
    <tr>
        <td class=3D"mcnTextContent" valign=3D"top" style=3D"padding: 0 9p=
x 0 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-t=
ext-size-adjust: 100%;word-break: break-word;color: #757575;font-family: H=
elvetica;font-size: 16px;line-height: 150%;text-align: left;" width=3D"282=
">
            <strong><span style=3D"color:#222f39"><span style=3D"font-fami=
ly:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-serif"><span style=3D"=
font-size:20px">Startups we're watching</span></span></span></strong>

<p style=3D"margin: 10px 0;padding: 0;mso-line-height-rule: exactly;-ms-te=
xt-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #757575;font-fa=
mily: Helvetica;font-size: 16px;line-height: 150%;text-align: left;"><span=
 style=3D"font-size:16px"><span style=3D"color:#222f39"><span style=3D"fon=
t-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-serif">These CBD=
 &amp; alternative healthcare brands are&nbsp;on our&nbsp;watch-list.</spa=
n></span></span></p>

<p style=3D"margin: 10px 0;padding: 0;mso-line-height-rule: exactly;-ms-te=
xt-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #757575;font-fa=
mily: Helvetica;font-size: 16px;line-height: 150%;text-align: left;"><a hr=
ef=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae6c040=
bfb8ae74&id=3D73a3d900f1&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-l=
ine-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adju=
st: 100%;color: #1873cc;font-weight: normal;text-decoration: underline;"><=
span style=3D"font-size:16px"><span style=3D"color:#1873cc"><u><span style=
=3D"font-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-serif">Re=
ad more</span></u></span></span></a></p>

        </td>
    </tr>
</tbody></table>

<table align=3D"right" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" cl=
ass=3D"mcnCaptionBottomContent" width=3D"282" style=3D"border-collapse: co=
llapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 1=
00%;-webkit-text-size-adjust: 100%;">
    <tbody><tr>
        <td class=3D"mcnCaptionBottomImageContent" align=3D"center" valign=
=3D"top" style=3D"padding: 0 9px 9px 9px;mso-line-height-rule: exactly;-ms=
-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;">


            <a href=3D"https://seedrs.us4.list-manage.com/track/click?u=3D=
b211206c49ae6c040bfb8ae74&id=3D7453676672&e=3D5ef1148adf" title=3D"" clas=
s=3D"" target=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text-s=
ize-adjust: 100%;-webkit-text-size-adjust: 100%;">


            <img alt=3D"" src=3D"https://mcusercontent.com/b211206c49ae6c0=
40bfb8ae74/images/2e25a209-bb53-c5f1-a004-a3c6c2e7e266.png" width=3D"264"=
 style=3D"max-width: 1200px;border: 0;height: auto;outline: none;text-deco=
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lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
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tica;font-size: 16px;line-height: 150%;text-align: left;">

                            <div style=3D"text-align: center;">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"width: 10=
0%;border-collapse: collapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-=
ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
=09<tbody>
=09=09<tr>
=09=09=09<td style=3D"padding: 0 16px 0 16px;width: 33%;mso-line-height-ru=
le: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;" va=
lign=3D"top">
=09=09=09<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" style=3D"=
width: 100%;border-collapse: collapse;mso-table-lspace: 0pt;mso-table-rspa=
ce: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;"><!-- I=
MAGE -->
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td style=3D"padding: 16px 0 16px 0;mso-line-height-rule=
: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
=09=09=09=09=09=09<div style=3D"height: 64px; background-color: #ffffff;">=
<a href=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae=
6c040bfb8ae74&id=3D7abdd43920&e=3D5ef1148adf" target=3D"_blank" style=3D"=
mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size=
-adjust: 100%;color: #1873cc;font-weight: normal;text-decoration: underlin=
e;"><span style=3D"font-family:lato=2Chelvetica neue=2Chelvetica=2Carial=
=2Csans-serif"><img align=3D"center" data-file-id=3D"42169" height=3D"64"=
 src=3D"https://mcusercontent.com/b211206c49ae6c040bfb8ae74/images/77397f5=
7-19e8-c256-6da1-5c50bfe04b97.png" style=3D"border: 0px;width: 64px;height=
: 64px;display: block;margin: auto;outline: none;text-decoration: none;-ms=
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=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09=09<!-- SECTOR NAME -->
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td style=3D"padding: 0;font-size: 18px;line-height: 27p=
x;color: #000000;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;=
-webkit-text-size-adjust: 100%;">
=09=09=09=09=09=09<div style=3D"text-align: center;"><span style=3D"font-f=
amily:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-serif"><strong>Noor=
o</strong></span></div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09=09<!-- CHANGE -->
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td style=3D"padding: 0;font-size: 14px;line-height: 21p=
x;color: #5c8723;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;=
-webkit-text-size-adjust: 100%;">
=09=09=09=09=09=09<div style=3D"text-align: center;"><span style=3D"color:=
#7A8288"><span style=3D"font-size:16px"><span style=3D"font-family:lato=2C=
helvetica neue=2Chelvetica=2Carial=2Csans-serif">482 investors</span></spa=
n></span></div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td style=3D"padding: 0;font-size: 14px;line-height: 21p=
x;color: #1873cc;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;=
-webkit-text-size-adjust: 100%;">
=09=09=09=09=09=09<div style=3D"text-align: center;"><a href=3D"https://se=
edrs.us4.list-manage.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D01=
42bde880&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule:=
 exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color:=
 #1873cc;font-weight: normal;text-decoration: underline;"><u><span style=
=3D"font-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-serif">Vi=
ew shares</span></u></a></div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</td>
=09=09=09<!-- SECTOR 2 -->
=09=09=09<td style=3D"padding: 0 16px 0 16px;width: 33%;mso-line-height-ru=
le: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;" va=
lign=3D"top">
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width: 100%;border-collapse: collapse;mso-table-lspace: 0pt;mso-table-rspa=
ce: 0pt;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;"><!-- I=
MAGE -->
=09=09=09=09<tbody>
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td style=3D"padding: 16px 0 16px 0;mso-line-height-rule=
: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;">
=09=09=09=09=09=09<div style=3D"height: 64px; background-color: #ffffff;">=
<a href=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae=
6c040bfb8ae74&id=3D0ea776b4d9&e=3D5ef1148adf" target=3D"_blank" style=3D"=
mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size=
-adjust: 100%;color: #1873cc;font-weight: normal;text-decoration: underlin=
e;"><span style=3D"font-family:lato=2Chelvetica neue=2Chelvetica=2Carial=
=2Csans-serif"><img data-file-id=3D"47713" height=3D"64" src=3D"https://mc=
usercontent.com/b211206c49ae6c040bfb8ae74/images/c9540814-9af7-b6ab-1a6c-2=
f5eb31b4d7c.png" style=3D"border: 0px;width: 64px;height: 64px;display: bl=
ock;margin: auto;outline: none;text-decoration: none;-ms-interpolation-mod=
e: bicubic;" width=3D"64"></span></a></div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09=09<!-- SECTOR NAME -->
=09=09=09=09=09<tr>
=09=09=09=09=09=09<td style=3D"padding: 0;font-size: 18px;line-height: 27p=
x;color: #000000;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;=
-webkit-text-size-adjust: 100%;">
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amily:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-serif"><strong>Voya=
ger CBD</strong></span></div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09=09<!-- CHANGE -->
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=09=09=09=09=09=09<td style=3D"padding: 0;font-size: 14px;line-height: 21p=
x;color: #637381;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;=
-webkit-text-size-adjust: 100%;">
=09=09=09=09=09=09<div style=3D"text-align: center;"><span style=3D"color:=
#7A8288"><span style=3D"font-size:16px"><span style=3D"font-family:lato=2C=
helvetica neue=2Chelvetica=2Carial=2Csans-serif">295 investors</span></spa=
n></span></div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
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=09=09=09=09=09<tr>
=09=09=09=09=09=09<td style=3D"padding: 0;font-size: 14px;line-height: 21p=
x;color: #1873cc;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;=
-webkit-text-size-adjust: 100%;">
=09=09=09=09=09=09<div style=3D"text-align: center;"><a href=3D"https://se=
edrs.us4.list-manage.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D64=
419ca64b&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule:=
 exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color:=
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=3D"font-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-serif">Vi=
ew shares</span></u></a></div>
=09=09=09=09=09=09</td>
=09=09=09=09=09</tr>
=09=09=09=09</tbody>
=09=09=09</table>
=09=09=09</td>
=09=09</tr>
=09</tbody>
</table>
</div>

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=09=09=09=09<!--[if mso]>
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ollapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust:=
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it-text-size-adjust: 100%;">
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size-adjust: 100%;word-break: break-word;color: #757575;font-family: Helve=
tica;font-size: 16px;line-height: 150%;text-align: left;">

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x;font-style: normal;font-weight: bold;line-height: 150%;letter-spacing: n=
ormal;"><span style=3D"font-family:lato=2Chelvetica neue=2Chelvetica=2Cari=
al=2Csans-serif">Entrepreneur Insights</span></h3>

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ding: 9px;mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit=
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ss=3D"mcnCaptionBottomContent" width=3D"282" style=3D"border-collapse: col=
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ize-adjust: 100%;-webkit-text-size-adjust: 100%;">


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ext-size-adjust: 100%;word-break: break-word;color: #757575;font-family: H=
elvetica;font-size: 16px;line-height: 150%;text-align: left;" width=3D"282=
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funding x CBD</span></font></strong>

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xt-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #757575;font-fa=
mily: Helvetica;font-size: 16px;line-height: 150%;text-align: left;"><span=
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t-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-serif">Anecdotes=
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></p>

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xt-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #757575;font-fa=
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bfb8ae74&id=3D5b40f92c85&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-l=
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st: 100%;color: #1873cc;font-weight: normal;text-decoration: underline;"><=
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00%;-webkit-text-size-adjust: 100%;">
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elvetica;font-size: 16px;line-height: 150%;text-align: left;" width=3D"282=
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xt-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #757575;font-fa=
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t-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-serif">Inside ou=
r&nbsp;very first CBD crowdfunding campaign.</span></span></span></p>

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xt-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #757575;font-fa=
mily: Helvetica;font-size: 16px;line-height: 150%;text-align: left;"><a hr=
ef=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae6c040=
bfb8ae74&id=3Db7776b785e&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-l=
ine-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adju=
st: 100%;color: #1873cc;font-weight: normal;text-decoration: underline;"><=
span style=3D"font-size:14px"><span style=3D"color:#1873cc"><u><span style=
=3D"font-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans-serif">Re=
ad more</span></u></span></span></a></p>

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lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;" width=3D"100%" class=3D"mcnTextContent=
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size-adjust: 100%;word-break: break-word;color: #757575;font-family: Helve=
tica;font-size: 16px;line-height: 150%;text-align: left;">

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;margin: 0;padding: 0;color: #444444;font-family: Helvetica;font-size: 22p=
x;font-style: normal;font-weight: bold;line-height: 150%;letter-spacing: n=
ormal;"><span style=3D"font-size:18px"><span style=3D"font-family:lato=2Ch=
elvetica neue=2Chelvetica=2Carial=2Csans-serif">Looking to raise funds for=
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just: 100%;">
                                <a class=3D"mcnButton " title=3D"Apply her=
e" href=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae=
6c040bfb8ae74&id=3D9929cbd38a&e=3D5ef1148adf" target=3D"_blank" style=3D"=
font-weight: normal;letter-spacing: normal;line-height: 100%;text-align: c=
enter;text-decoration: none;color: #FFFFFF;mso-line-height-rule: exactly;-=
ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;display: block;">=
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djust: 100%;-webkit-text-size-adjust: 100%;color: #FFFFFF;font-weight: nor=
mal;text-decoration: underline;"><img data-file-id=3D"34965" height=3D"27"=
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eight: 27px;margin: 0px;outline: none;text-decoration: none;-ms-interpolat=
ion-mode: bicubic;" width=3D"100"></a></div>

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AAA;text-decoration: none;text-align: center;margin: 10px 0;padding: 0;mso=
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just: 100%;line-height: 150%;"><a href=3D"https://seedrs.us4.list-manage.c=
om/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3Dc7e65c4bd3&e=3D5ef1148adf" style=3D"text-decoration: none;text-underline: none;mso-line-height-ru=
le: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;colo=
r: #FFFFFF;font-weight: normal;" target=3D"_blank"><img alt=3D"Trustpilot=
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tion: none;-ms-interpolation-mode: bicubic;"><br>
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ine: none;text-decoration: none;-ms-interpolation-mode: bicubic;" width=3D=
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one;text-underline: none;mso-line-height-rule: exactly;-ms-text-size-adjus=
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00%" class=3D"mcnBoxedTextBlock" style=3D"min-width: 100%;border-collapse:=
 collapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust=
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=09<table align=3D"center" border=3D"0" cellspacing=3D"0" cellpadding=3D"0=
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adjust: 100%;">

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=09=09=09=09<td align=3D"center" valign=3D"top" ">
=09=09=09=09<![endif]-->
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pacing=3D"0" width=3D"100%" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;" class=3D"mcnBoxedTextContentContainer">
                    <tbody><tr>

                        <td style=3D"padding-top: 9px;padding-left: 18px;p=
adding-bottom: 9px;padding-right: 18px;mso-line-height-rule: exactly;-ms-t=
ext-size-adjust: 100%;-webkit-text-size-adjust: 100%;">

                            <table border=3D"0" cellspacing=3D"0" class=3D=
"mcnTextContentContainer" width=3D"100%" style=3D"min-width: 100% !importa=
nt;background-color: #F4F6F8;border: 1px solid #B2B2B2;border-collapse: co=
llapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 1=
00%;-webkit-text-size-adjust: 100%;">
                                <tbody><tr>
                                    <td valign=3D"top" class=3D"mcnTextCon=
tent" style=3D"padding: 18px;color: #F2F2F2;font-family: Helvetica;font-si=
ze: 14px;font-weight: normal;text-align: center;mso-line-height-rule: exac=
tly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;word-break:=
 break-word;line-height: 150%;">
                                        <div style=3D"text-align: left;"><=
span style=3D"font-family:lato=2Chelvetica neue=2Chelvetica=2Carial=2Csans=
-serif"><span style=3D"font-size:14px"><span style=3D"color:#7a8288">Inves=
ting involves risks=2C including loss of capital=2C illiquidity=2C lack of=
 dividends and dilution=2C and should be done only as part of a diversifie=
d portfolio. Please read the </span><a href=3D"https://seedrs.us4.list-man=
age.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3Dd15963f793&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule: exactly;-ms-text=
-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #FFFFFF;font-weig=
ht: normal;text-decoration: underline;"><span style=3D"color:#1b82e6">Risk=
 Warnings</span></a><span style=3D"color:#7a8288"> before investing. Inves=
tments should only be made by investors who understand these risks. Tax tr=
eatment depends on individual circumstances and is subject to change in fu=
ture. Seedrs does not make investment recommendations to you and any inves=
tment decision should be made on the basis of the full campaign. No commun=
ications from Seedrs=2C through email or any other medium=2C should be con=
strued as an investment recommendation.&nbsp;</span></span></span></div>

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00%" class=3D"mcnBoxedTextBlock" style=3D"min-width: 100%;border-collapse:=
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: 100%;-webkit-text-size-adjust: 100%;">
    <!--[if gte mso 9]>
=09<table align=3D"center" border=3D"0" cellspacing=3D"0" cellpadding=3D"0=
" width=3D"100%">
=09<![endif]-->
=09<tbody class=3D"mcnBoxedTextBlockOuter">
        <tr>
            <td valign=3D"top" class=3D"mcnBoxedTextBlockInner" style=3D"m=
so-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-=
adjust: 100%;">

=09=09=09=09<!--[if gte mso 9]>
=09=09=09=09<td align=3D"center" valign=3D"top" ">
=09=09=09=09<![endif]-->
                <table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" width=3D"100%" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;" class=3D"mcnBoxedTextContentContainer">
                    <tbody><tr>

                        <td style=3D"padding-top: 9px;padding-left: 18px;p=
adding-bottom: 9px;padding-right: 18px;mso-line-height-rule: exactly;-ms-t=
ext-size-adjust: 100%;-webkit-text-size-adjust: 100%;">

                            <table border=3D"0" cellspacing=3D"0" class=3D=
"mcnTextContentContainer" width=3D"100%" style=3D"min-width: 100% !importa=
nt;background-color: #F4F6F8;border: 1px solid #B2B2B2;border-collapse: co=
llapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 1=
00%;-webkit-text-size-adjust: 100%;">
                                <tbody><tr>
                                    <td valign=3D"top" class=3D"mcnTextCon=
tent" style=3D"padding: 18px;color: #F2F2F2;font-family: Helvetica;font-si=
ze: 14px;font-weight: normal;text-align: center;mso-line-height-rule: exac=
tly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;word-break:=
 break-word;line-height: 150%;">
                                        <div style=3D"text-align: left;"><=
span style=3D"font-size:14px"><span style=3D"font-family:lato=2Chelvetica=
 neue=2Chelvetica=2Carial=2Csans-serif"><span style=3D"color:#7a8288">Use=
 of the Seedrs Secondary Market is subject to the </span><a href=3D"https:=
//seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=
=3D30a1d2edcf&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-=
rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;co=
lor: #FFFFFF;font-weight: normal;text-decoration: underline;"><span style=
=3D"color:#1b82e6">Secondary Market Terms &amp; Conditions.</span></a><spa=
n style=3D"color:#7a8288"> Note that not all shares will be eligible for t=
he secondary market and=2C even if they are=2C the ability to buy and sell=
 shares will depend on demand. It can be difficult to find a buyer or sell=
er=2C and investors should not assume that an early exit will be available=
 just because a secondary market exists. Share lots are available to inves=
tors who have become authorised to invest on the Seedrs platform. You shou=
ld note that share price history is based on information that is provided=
 to us periodically by the relevant businesses and may not be up to date o=
r accurate. The current share price is calculated using the methodology se=
t out</span><span style=3D"color:#1b82e6"> </span><a href=3D"https://seedr=
s.us4.list-manage.com/track/click?u=3Db211206c49ae6c040bfb8ae74&id=3D712dd=
db931&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule: ex=
actly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #FF=
FFFF;font-weight: normal;text-decoration: underline;"><span style=3D"color=
:#1b82e6">here</span></a><span style=3D"color:#7a8288">.</span></span></sp=
an></div>

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                        </td>
                    </tr>
                </tbody></table>
=09=09=09=09<!--[if gte mso 9]>
=09=09=09=09</td>
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                </tr>
                </table>
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            </td>
        </tr>
    </tbody>
</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnBoxedTextBlock" style=3D"min-width: 100%;border-collapse:=
 collapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust=
: 100%;-webkit-text-size-adjust: 100%;">
    <!--[if gte mso 9]>
=09<table align=3D"center" border=3D"0" cellspacing=3D"0" cellpadding=3D"0=
" width=3D"100%">
=09<![endif]-->
=09<tbody class=3D"mcnBoxedTextBlockOuter">
        <tr>
            <td valign=3D"top" class=3D"mcnBoxedTextBlockInner" style=3D"m=
so-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-=
adjust: 100%;">

=09=09=09=09<!--[if gte mso 9]>
=09=09=09=09<td align=3D"center" valign=3D"top" ">
=09=09=09=09<![endif]-->
                <table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" width=3D"100%" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;" class=3D"mcnBoxedTextContentContainer">
                    <tbody><tr>

                        <td style=3D"padding-top: 9px;padding-left: 18px;p=
adding-bottom: 9px;padding-right: 18px;mso-line-height-rule: exactly;-ms-t=
ext-size-adjust: 100%;-webkit-text-size-adjust: 100%;">

                            <table border=3D"0" cellspacing=3D"0" class=3D=
"mcnTextContentContainer" width=3D"100%" style=3D"min-width: 100% !importa=
nt;background-color: #F4F6F8;border: 1px solid #B2B2B2;border-collapse: co=
llapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 1=
00%;-webkit-text-size-adjust: 100%;">
                                <tbody><tr>
                                    <td valign=3D"top" class=3D"mcnTextCon=
tent" style=3D"padding: 18px;color: #F2F2F2;font-family: Helvetica;font-si=
ze: 14px;font-weight: normal;text-align: center;mso-line-height-rule: exac=
tly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;word-break:=
 break-word;line-height: 150%;">
                                        <div style=3D"text-align: left;"><=
span style=3D"font-size:14px"><span style=3D"font-family:lato=2Chelvetica=
 neue=2Chelvetica=2Carial=2Csans-serif"><span style=3D"color:#7a8288">Shar=
e prices for the Seedrs Secondary Market are based on the </span><a href=
=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db211206c49ae6c040bf=
b8ae74&id=3D24512bcfce&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-lin=
e-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust=
: 100%;color: #FFFFFF;font-weight: normal;text-decoration: underline;"><sp=
an style=3D"color:#1b82e6">Seedrs Valuation Policy.</span></a><span style=
=3D"color:#7a8288"> Investors should understand that general market condit=
ions and the impact of Covid-19 are not factors taken into account by the=
 </span><a href=3D"https://seedrs.us4.list-manage.com/track/click?u=3Db211=
206c49ae6c040bfb8ae74&id=3De3c96cd995&e=3D5ef1148adf" target=3D"_blank" s=
tyle=3D"mso-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-t=
ext-size-adjust: 100%;color: #FFFFFF;font-weight: normal;text-decoration:=
 underline;"><span style=3D"color:#1b82e6">Seedrs Valuation Policy</span><=
/a><span style=3D"color:#7a8288"> and therefore not reflected in the share=
 prices on the Seedrs Secondary Market.</span></span></span></div>

                                    </td>
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                </tbody></table>
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=09=09=09=09<![endif]-->

=09=09=09=09<!--[if gte mso 9]>
                </tr>
                </table>
=09=09=09=09<![endif]-->
            </td>
        </tr>
    </tbody>
</table><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" width=3D"1=
00%" class=3D"mcnBoxedTextBlock" style=3D"min-width: 100%;border-collapse:=
 collapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust=
: 100%;-webkit-text-size-adjust: 100%;">
    <!--[if gte mso 9]>
=09<table align=3D"center" border=3D"0" cellspacing=3D"0" cellpadding=3D"0=
" width=3D"100%">
=09<![endif]-->
=09<tbody class=3D"mcnBoxedTextBlockOuter">
        <tr>
            <td valign=3D"top" class=3D"mcnBoxedTextBlockInner" style=3D"m=
so-line-height-rule: exactly;-ms-text-size-adjust: 100%;-webkit-text-size-=
adjust: 100%;">

=09=09=09=09<!--[if gte mso 9]>
=09=09=09=09<td align=3D"center" valign=3D"top" ">
=09=09=09=09<![endif]-->
                <table align=3D"left" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" width=3D"100%" style=3D"min-width: 100%;border-collapse: coll=
apse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 100=
%;-webkit-text-size-adjust: 100%;" class=3D"mcnBoxedTextContentContainer">
                    <tbody><tr>

                        <td style=3D"padding-top: 9px;padding-left: 18px;p=
adding-bottom: 9px;padding-right: 18px;mso-line-height-rule: exactly;-ms-t=
ext-size-adjust: 100%;-webkit-text-size-adjust: 100%;">

                            <table border=3D"0" cellspacing=3D"0" class=3D=
"mcnTextContentContainer" width=3D"100%" style=3D"min-width: 100% !importa=
nt;background-color: #F4F6F8;border: 1px none #B2B2B2;border-collapse: col=
lapse;mso-table-lspace: 0pt;mso-table-rspace: 0pt;-ms-text-size-adjust: 10=
0%;-webkit-text-size-adjust: 100%;">
                                <tbody><tr>
                                    <td valign=3D"top" class=3D"mcnTextCon=
tent" style=3D"padding: 18px;color: #F2F2F2;font-family: Helvetica;font-si=
ze: 14px;font-weight: normal;text-align: center;mso-line-height-rule: exac=
tly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;word-break:=
 break-word;line-height: 150%;">
                                        <div style=3D"text-align: left;"><=
span style=3D"font-size:14px"><span style=3D"font-family:lato=2Chelvetica=
 neue=2Chelvetica=2Carial=2Csans-serif"><span style=3D"color:#7a8288">This=
 email has been approved as a financial promotion by Seedrs Limited.<br>
<br>
Seedrs Limited is&nbsp;authorised and regulated by the Financial Conduct A=
uthority. Seedrs Limited is a limited company=2C registered in England and=
 Wales (No. 06848016)=2C with registered office at Churchill House=2C 142-=
146 Old Street=2C London EC1V 9BW.<br>
<br>
This message and any attachments are&nbsp;confidential=2C and may be prote=
cted by legal privilege. Nothing in this message shall be considered an of=
fer to sell=2C or a solicitation of an offer to buy=2C any security to any=
 person in any jurisdiction to whom or in which such offer=2C solicitation=
 or sale is unlawful. Seedrs does not provide legal=2C financial or tax ad=
vice of any kind=2C and nothing in this email constitutes such advice. If=
 you have any questions with respect to legal=2C financial or tax matters=
 relevant to your interactions with Seedrs or its affiliates=2C you should=
 consult a professional adviser.&nbsp;<br>
<br>
Don't want to receive any <strong>Seedrs News</strong>&nbsp;<strong>Update=
s</strong>? </span><a href=3D"https://seedrs.us4.list-manage.com/unsubscri=
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ormal;text-decoration: underline;"><span style=3D"color:#1b82e6">Unsubscri=
be here</span></a><span style=3D"color:#7a8288">. To manage your Seedrs ma=
rketing communications please visit your </span><a href=3D"https://seedrs.=
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632&e=3D5ef1148adf" target=3D"_blank" style=3D"mso-line-height-rule: exac=
tly;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%;color: #FFFF=
FF;font-weight: normal;text-decoration: underline;"><span style=3D"color:#=
1b82e6">preferences centre</span><span style=3D"color:#7a8288">.</span></a=
></span></span></div>

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