Share prices of Thai cosmetics and food firms jumped on Wednesday after announcements about the research and manufacture of cannabis-based products, as consumer goods companies rush to be first movers in a new market segment.
Cosmetic and supplements producer, DOD Biotech Plc, saw share prices climb as high as 11.6% after it said it would develop and manufacture dietary supplements and skincare products that contain hemp for retailer Beauty Community Plc.
Beauty Community jumped as high as 4.4% during trade against a benchmark gain of about 0.2%.
Local consumer good companies are keen to capitalise on the government’s unlocking of hemp and CBD for…
