Interesting to see how they go..I didnt realize they owned Hemp Foods Australia! Will MCL IPO be at $1.00 each?
Elixinol Global Ltd (ASX:EXL) is the latest cannabis company to be admitted to the ASX and will commence trading from Monday, 8 January 2018.
The company has raised $20 million via an initial public offer of shares at $1.00 each.
Elixinol is already established in the U.S., where it manufactures and distributes industrial hemp-based nutraceuticals, dietary supplements and skincare products. The company also owns Hemp Foods Australia, which was founded in 1999 and manufactures and distributes industrial hemp-derived products in Australia.
Elixinol’s strategy is to capitalise on the opportunities provided by being invested in a range of emerging cannabis related sectors including hemp, CBD (cannabidiol) nutraceuticals and wellness products.
