Brexit delays have led Perth-based cannabis oil company Voyager to acquire a manufacturing factory in Poland for £1.5 million.

Voyager, which is based at King James VI Business Centre, sells oils, soaps and ‘gummies’ made with cannabidiol (CBD).

It acquired Fife rival Cannafull from liquidation earlier this year. This became Voyager’s manufacturing division.

As it continues its expansion, Voyager has now purchased a CBD extraction and manufacturing facility in Bilcza.

The firm, which has shops in Dundee and St Andrews, bought the factory from Goodbody Health Ltd.

Brexit custom issues behind move

Voyager founder and chief executive Nick Tulloch said the move allowed the business to expand its operations into Europe.

He said: “This acquisition simultaneously fulfils two of our objectives – to extend our business into Europe and complete our vertical integration.

“Voyager will now be in a position to control the CBD supply chain from extraction to manufacturing to product accreditation to retail.

“We have increasingly dealt with European customers who, as a consequence of Brexit, may find delivery times are elongated due to customs checks and prices are distorted by customs charges.

“Going forward, our product range can now be manufactured in Poland and distributed across the European Union’s single market.”

Voyager boss laying the foundations

He said he hopes the acquisition makes the firm he set up in 2020 more attractive to potential customers.

He said it will also allow the business to make cost savings.

Mr Tulloch added: “The retail prices of CBD products are under pressure. We are now not only well placed to protect our own margins but also to offer better deals to our end customers.

“Concluding this acquisition marks the end of many months of hard work.

“We believe we have laid the foundations to be one of the most important CBD companies in Europe.”