Elixinol Global

Elixinol Global has reported revenue of A$2.3 million for the March quarter, down 26% on the previous quarter, citing seasonality and COVID lockdowns as reasons for the fall.

Elixinol is finalising its repositioning towards a higher margin, consumer-led branded nutraceuticals model. It said its focus on e-commerce during COVID-19 and the sale of higher-margin Elixinol-branded products continues to shift the revenue and margin mix and improve EBITDA across all business units.

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Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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