EXL 20.0% 0.6¢ elixinol wellness limited

Hundreds of years ago, some people predict that people had to...

  1. 1,238 Posts.
    lightbulb Created with Sketch. 168
    Hundreds of years ago, some people predict that people had to have tulips or they died. That was why there was a tulips mania. If marijuana disappears from the earth tomorrow, not a single person will shed a drop of tears over its fate. Hemp as a plant producing a lot of useful stuff will be fine but cannabis oils would be just a low-demand commodity. Oliver had admitted that the demand was never there and that caused the cannabis crash sending EXL share from over $5 to 14c (of course, there was mismanagement but other companies did not do much better).

    And when there is a bit bit of demand in the future, lots of people will produce the stuff and it's impossible to stand out in the crowd even if you have the best and purest product on offer. Others will just offer an almost-as-good product at 1/10 of the price. That's what Elixinol said all along about their difficulty. Yet they put the cash into brand building and burn it all. Now they are going around "begging" at every CR raising the cents to keep the business alive.

    Even though they talk up CBD, deep down, the business is going to be mainly hemp foods, skin-care products with CBD just a small percentage as a play of hope for the future (just in case there is some real demand out there). Just like many believe that Korean ginseng is great, 99.99% of people in the world have never used it. 99.99% of people in the world do not need any cannabis product to live well.
 
watchlist Created with Sketch. Add EXL (ASX) to my watchlist
(20min delay)
Last
0.6¢
Change
0.001(20.0%)
Mkt cap ! $7.806M
Open High Low Value Volume
0.6¢ 0.6¢ 0.5¢ $2.264K 416.2K

Buyers (Bids)

No. Vol. Price($)
19 12019950 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 6533974 14
View Market Depth
Last trade - 16.10pm 19/04/2024 (20 minute delay) ?
Last
0.6¢
  Change
0.001 ( 10.0 %)
Open High Low Volume
0.6¢ 0.6¢ 0.5¢ 272886
Last updated 15.54pm 19/04/2024 ?
EXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.