Wellnex Life

ASX-listed Wellnex Life has raised A$6.2 million through the issue of secured convertible notes as it aims to become one of the first Australian companies to enter the schedule 3, over-the-counter medicinal cannabis market.

The firm said it has begun the approval process for a schedule 3 medicine and anticipates having a product in market by the end of 2023.

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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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