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Elixinol Wellness ( (AU:EXL) ) has provided an update.
Elixinol Wellness Ltd has decided to terminate a U.S. distribution agreement for The Healthy Chef products, which was assumed during its acquisition of the brand in 2024. This move allows Elixinol to concentrate on expanding The Healthy Chef’s presence in the Australian market while maintaining the option to explore international opportunities in the future.
More about Elixinol Wellness
Elixinol Wellness Limited (ASX: EXL) is a prominent player in the global hemp industry, focusing on the innovation, marketing, and sale of hemp and other plant-derived products, including food, skincare, and nutraceuticals. Operating in Australia, the company manages a vertically integrated business across human nutrition, wellness, pet wellness, and superfood ingredients, with products available through various channels such as grocery, wholesale, and e-commerce.
YTD Price Performance: -55.26%
Average Trading Volume: 318,240
Technical Sentiment Signal: Sell
Current Market Cap: A$3.91M
For a thorough assessment of EXL stock, go to TipRanks’ Stock Analysis page.