Melodiol Global Health (AU:ME1) has released an update.
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Melodiol Global Health’s subsidiary Mernova has reported a robust start to Q3 2024 with confirmed purchase orders totaling $1.5m, marking consistent growth with a 25% increase from Q1 and a 33% year-over-year rise from Q2 2023. Following a strategic $12m asset sale to improve its financial position, Melodiol aims to sustain its market presence by exploring new production facilities or partnering for third-party production, capitalizing on the strong market demand for its Ritual brand.
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