Elixinol Global Announces Revenue Growth of 159% in Q3 totalling in A$10.4M | CashCropToday
0 Shares 95 Views

Elixinol Global Announces Revenue Growth of 159% in Q3 totalling in A$10.4M

October 31, 2018
95 Views

Elixinol Global Limited, one of the leading hemp-derived CBD company’s in the world, has announced the company’s Q3 financials this week. Over the course of the past three months Elixinol has been able to product a company best revenue of A$10.4 million dollars. This constitutes a 159% growth in revenue over the course of the past four quarters.

Elixinol Global is attributing the increased number in their product sales to an increased interest in Cannabidiol (CBD) based products in North America. Their company currently operates and manufactures products in the Colorado, a state in the U.S.

HIGHLIGHTS:

  • Revenue of $10.4m¹ for 3Q FY2018, representing 159% growth on prior corresponding period (PCP) and 27% growth vs 2Q FY2018 (December year end)
  • Elixinol Global raised $40m to accelerate international growth via a placement to new and existing domestic and international institutional and sophisticated investors (funds received in October)
  • Ownership in Elixinol Japan increasing to 50.5%, funding working capital to scale the business for anticipated growth for hemp-derived CBD, foods and skincare in the Japanese market
  • Elixinol Global commenced trading on the OTCQX exchange to make the Company more accessible to US investors

Cannabidiol infused wellness, nutritional, and cosmetic products have gained increased attention and have become a mainstream product over the course of the past few years. CBD oil has been found to be effective in treating a number of health issues including anxiety, pain relief, depression, ance, diabetes, and has been effective in the reduction of seizures.

Elixinol currently operates and distributes products in Australia, North America, and Japan.

You may be interested

MJardin Group Announces CSE Listing and GrowForce Acquisition
Market Watch
17 views
Market Watch
17 views

MJardin Group Announces CSE Listing and GrowForce Acquisition

Editor - November 16, 2018

MJardin Group, Inc. (CSE: MJAR) announced earlier this week that the company will begin trading the company’s common stock on the Canadian Securities Exchange, under the ticket…

Invictus Strategies Corp. to Acquire GTEC Holdings in Exchange for $100M in Stock
Market Watch
28 views
Market Watch
28 views

Invictus Strategies Corp. to Acquire GTEC Holdings in Exchange for $100M in Stock

Editor - November 16, 2018

Invictus Strategies Corp. (TSXV: GENE) (OTCQX: IVITF) has announced this morning that the company has entered into an agreement to acquire GTEC Holdings Ltd. (TSXV: GTEC) (OTC:…

Columbia Care Receives Licenses from Maltese Government
Global
60 views
Global
60 views

Columbia Care Receives Licenses from Maltese Government

Editor - November 15, 2018

Columbia Care LLC. has announced this morning that the company has gain approval from Malta Enterprises, the regulatory economic development agency in the country, to receive licenses…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: