WNX 5.26% 1.8¢ wellnex life limited

Another decent day on market with a lot of churn here @ the 3c...

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    Another decent day on market with a lot of churn here @ the 3c level

    Over 5.5m shares traded by 2:30pm

    An investor presentation was also released this morning, I've included some key snippets from it below

    https://hotcopper.com.au/data/attachments/6299/6299138-1cfdeeed319959dd835200c8b2eff68a.jpg

    London Stock Exchange listing is being aimed for a tentative listing date of September this year

    The company also has to come before then:
    - Homart Asia export market launch of products
    - Wellness Life medicinal cannabis product launch through Chemist Warehouse
    - Haleon global expansion in UAE

    https://hotcopper.com.au/data/attachments/6299/6299141-acab3c4e3941603155ce59998b4abd1c.jpg

    Minimum gross margin of 30% across its product range, with 70-75% its highest gross margin for its PainAway products

    https://hotcopper.com.au/data/attachments/6299/6299174-164525944681b87af836202862e24d77.jpg

    https://hotcopper.com.au/data/attachments/6299/6299178-bd60916447e3569148d3676366b1397b.jpg

    Medicinal cannabis range launched this month

    https://hotcopper.com.au/data/attachments/6299/6299188-6a77f5fb526169b4c5cedc2fe7b96b56.jpg

    https://hotcopper.com.au/data/attachments/6299/6299191-3645544ac66162ed73911d1db2635940.jpg

    https://hotcopper.com.au/data/attachments/6299/6299194-656a80628b1acbab8dfbe90ae073026f.jpg

    https://hotcopper.com.au/data/attachments/6299/6299199-9dc0cd59b1289662185dd90523900d46.jpg
    The revenue breakdown shows a clear shift in the past 2 years for revenue received from Wellnex company owned brands, thus leading to higher gross margins for the company which is demonstrated in the charts below

    https://hotcopper.com.au/data/attachments/6299/6299212-28f791302a7b79d7a4858578bea0aaba.jpg

 
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