Just to put this in perspective..EXL have managed to establish a business in the US mainly and the No1 brand in Australia for Hemp with quarterly sales of $8m and growing at over 110% a year that is profitable while their products have not been able to be sold federally in the US and only just legalised in Australia in November 2017.
Just imagine when the brakes are off and they will be able to sell online with Facebook and Google advertising!!
This is equivalent to the end of prohibition, you cannot underestimate what a game changer the approval of the farm bill in the US is!!
The penny is slowly starting to drop and this is an extremely tightly held stock. Founder has 54% of the company and is escrowed for another 18 months.
This will just be the start of Australians starting to understand the size of the market for Hemp and CBD products.
SP Discussion, page-17
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Mkt cap ! $6.505M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $21.55K | 4.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 37 | 19291602 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.5¢ | 624469 | 2 |
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| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.6¢ | 0.4¢ | 1249404 | ||
| Last updated 13.23pm 13/05/2024 ? | |||||
| EXL (ASX) Chart |