EXL 33.3% 0.4¢ elixinol wellness limited

IPO - Elixinol Global Limited, page-67

  1. 1,178 Posts.
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    Came across this:

    "Hemp, its industrial variation, is also credited for the improvement and decline of the stigma surrounding cannabis products and marijuana stocks. One instance is Akie Abe, Japan’s first lady,who voiced her support for reigniting the public’s usage of hemp, particularly for medical purposes, back in July 2016. She wanted to incorporate hemp into the Japanese culture because of its medical benefits and even purchased a product called Elixinol CBD hemp oil for Prime Minister Shinzō Abe, her husband, who had ulcerative colitis."

    What I really like about this business is:

    Top 20 shareholders hold 90.5%, nearly all escrowed for 12 - 24 months.
    Big names are on the share registry.
    CEO owns 53%
    Diversified revenue stream.
    Established business in growth phase.
    They are making real money, not promising to. $9.6m last year and an expected $15.5m this year.
 
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