Yep - so to convert the IXHL price to the IHL price you take the IXHL price and divide by 25, and then divide that output by the AUD/USD exchange rate to get the IHL equivalent.
So a valuation of 11.45 / 25 / 0.69 = 0.6638 per share.....a big step up from where we are currently trading.
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IHL - INCANNEX NEWS ARTICLES, page-259
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