Bioxyne Limited (AU:BXN) has released an update.
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Bioxyne Limited has reported a significant surge in quarterly revenue, reaching $4.6 million—a 119% increase from the previous year—as it expands its production capabilities in the medical cannabis sector. With new contracts promising over $20 million in potential annual revenue and positive cash flow, the company is poised for continued growth in the burgeoning market for novel medicines. The recent award of a Good Manufacturing Practice license marks a pivotal step in Bioxyne’s strategy to become a leading player in the global medical cannabis and psychedelics industry.
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