So now the capital raising is done and dusted we can look at the...

So now the capital raising is done and dusted we can look at the facts...
Some major institutions both here and internationally are now on the register..There are plenty of household names, that do not need to be mentioned here, but they did not all
Get their allocation, most retail punters were allocated between 15-30% of what they bid for, so it shows you how well bid the book was.
Now for growing the business to the next level with the required capital behind it, will hopefully see 3 major catalysts over the next 3 months.

1) farm bill passes with hemp provisions before end of the year
2) medical cannabis licence is issued shortly (cannot be far off now)
3) you see a step change in sales both in the US and internationally as the Elixinol brand is marketed hard and a bigger sales team is put in behind the brand.

In addition to this, I believe the capital will be used to increase the size of the facility producing CBD in Colorado, of which they already have an option on the land.
I also believe they should be eyeing an acquisition in the CBD space in the US. This will help protect their margin and increase their percentage of branded sales.

In the meantime the Australian business has just launched a hemp based range of snack bars to help increase hemp consumption and cement the brand as an innovative leader in the category. Take a look

https://www.hempfoods.com.au/snack-bars/

I believe we will see a significant rerate shortly which will see the shares heading towards $3.00 in the not too distant future..