The more I read about leilo the more I like what I see. Waiting for the official ASX release before I congratulate management further.
The canned drinking range is the only way IMO to reach new consumers for Kava. From the comments on the Leilo website it tastes great and succeeds in calming and relaxing.
It seems Leilo will benefit from our partnership with ND as its own distribution network is limited. What we potentially have with this aquisition is global ditribution of a great tasting canned drinking kava. We have the scalability and now a patentted processing method.
I wonder if the Kava for Leilo will continue to be sourced from Vanuatu or will the formula change with Noble Fijian Kava? Personally I hope we stay with the winning formula in all the existing range and introduce Fijian Kava to any new range. Going by the change of name in Resolution 13 (I think from memory and I cant be bothered to check as i am on my phone) i would say we will be sourching kava throughout many of the Pacific Islands.
Hopefully Jack can help maximise this aquisition and vertically integrate he begesus out of our new canned drinking range. I will be very surpised if we do not crack $20M MC by the end of the month.
Our foundation here that has allowed us to potentiallt aquire Leilo is all thanks to our MD Anthony Noble. I have been saying for a while now that this guy is real good. Hope people start seeing this now as he deserves the cred. Good time for Zane and Simms to retire, maybe they can consult back as required.
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The more I read about leilo the more I like what I see. Waiting...
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