Elixinol Wellness Ltd (ASX:EXL) (OTCMKTS:ELLXF) (FRA:E8M) has a strong position in the hemp-derived cannabidiol (CBD) industry and is involved in research, development, marketing and selling of Elixinol-branded, hemp-derived full and broad-spectrum CBD products.
The company operates two core businesses – Elixinol and Hemp Foods Australia - and its strategy is to grow the Elixinol branded CBD nutraceuticals business in key regions around the world to thrive in the global market of hemp-derived CBD products.
EXL is based in Sydney and owns one of Australia’s popular hemp food brands, Hemp Foods Australia, which is distributed in more than 1,600 stores across the country.