This is a classic example of Australian funds being asleep at the wheel..
Probably a fund selling that has to trim their position because Elixinol has become too big a weighting due to its outperformance.
This is the single biggest piece of news that will affect the whole CBD industry and Elixinol specifically..
It opens up all digital platforms and all national retail chains..
The old adage of sell into news might be right for today, but I think this will open the floodgates and propel this business to a $1bn relatively quickly..
The one good thing will be that main stream media coverage might start to bring in some overseas and retail investors.
More patience required, but happy to be adding to this holding going forward
Top 5 in hemp derived CBD market, page-79
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