Elixinol Wellness global CEO Oliver Horn is stepping down in April, with a sale or merger of the group still on the cards.

In an update to the ASX, the company said preliminary findings from its strategic review had identified annual operating cost savings of around A$3.2 million “predominantly focused on reducing corporate costs and further right-sizing the Elixinol Americas operations”.

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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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