EXL 33.3% 0.4¢ elixinol wellness limited

Ann: Quarterly Report and Appendix 4C, page-39

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  1. 81 Posts.
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    interesting day today. the market reacted to an anticipated sales lower than expected of about 2 million for a quarter with about 30 million market cap drop. reported sales were up on the previous quarter and confirmed previous growth.
    other points of interest
    -comments about this company has no IP: the company is developing market share. if another company was to try and replicate they would need product, quality, market distribution and reputation. it's IP in a different sense
    - medical marijuana licence is pending
    - markets currently under development include US, Aus, NZ and Japan

    the drop is positive as it helps to drop out the investors who got in early at a lower rate. this helps over time as the sell point increase for holders.

    overall it's a day like this that helps to cement position in the market. good two years to run here IMHO
 
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