Elixinol Wellness Extends Voluntary Suspension for Capital Raising Approval

Elixinol Wellness ( (AU:EXL) ) just unveiled an announcement.

Elixinol Wellness Ltd announced an extension of the voluntary suspension of its securities until May 21, 2025, due to the need for additional time to finalize ASX approval for its capital raising structure. This extension indicates ongoing efforts to secure financial stability and may impact the company’s market operations and stakeholder confidence.

More about Elixinol Wellness

Elixinol Wellness Limited is a leader in the global hemp industry, focusing on the innovation, marketing, and sale of hemp and other plant-derived food, skincare, and nutraceutical products. The company operates a vertically integrated business in Australia, producing and distributing products across human nutrition, human wellness, pet wellness, and superfood ingredients. Their brands include Hemp Foods Australia, Mt Elephant, Ananda Food, Soul Seed, and Field Day, with products available through grocery, wholesale, and e-commerce channels. Elixinol USA offers high-quality hemp and plant-derived nutraceutical and skincare products.

YTD Price Performance: -52.63%

Average Trading Volume: 198,151

Technical Sentiment Signal: Sell

Current Market Cap: A$3.97M

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