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Nutritional Growth Solutions Ltd. ( (AU:NGS) ) has shared an announcement.
Nutritional Growth Solutions Ltd. has announced the termination of non-core U.S. agreements with Elixinol Wellness Ltd., which were non-operational and involved no product sales. This move will provide NGS with a net financial relief of approximately USD 580,000 and allow the company to focus resources on more strategic initiatives. The termination is expected to streamline NGS’s operations and strengthen its financial and strategic position, aligning with its long-term objectives.
More about Nutritional Growth Solutions Ltd.
Nutritional Growth Solutions is a global nutritional health company focused on the well-being of children. It develops, produces, and sells clinically tested nutritional supplement formulas for children, based on 20 years of medical research at Schneider Children’s Medical Centre in Israel. The company targets the nutritional supplements market for children aged three to twelve, a segment that presents a significant market opportunity.
Average Trading Volume: 100,952
Technical Sentiment Signal: Sell
Current Market Cap: A$3.88M
See more data about NGS stock on TipRanks’ Stock Analysis page.