Elixinol Global underwritten IPO by BP, page-7

  1. 534 Posts.
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    I hear the same..book is well oversubscribed and there are some big Insto’s taking between $2-$5m parcels so they need the spread to satisfy ASX rules.
    Nice problem to have and shows the appetite for the company.
    The interesting aspect to the hemp foods business is how quickly the growth will kick in after legalisation date. There are not many comparisons for when a health superfood product was illegal to buy as a food product.
    Coming of a base of $3m annual sales already, we could be surprised to the upside when you see how quickly it has grown in Canada and the US..
 
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