Elixinol Wellness Ltd (AU:EXL) has released an update.
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Elixinol Wellness Ltd is set to acquire The Healthy Chef, a premium lifestyle brand poised to boost the company’s revenue, margins, and EBITDA through strategic synergies and cost savings. The deal is supported by a capital raise of A$1.1 million through an institutional placement and a Share Purchase Plan aiming for an additional A$0.5 million. This acquisition is aligned with Elixinol’s mission of sustainable nutrition and marks a significant step towards positive cash flow and business expansion.
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