Wellnex Life Ltd (AU:WNX) has released an update.
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Wellnex Life Ltd., a wellness brand, has reported significant financial growth with May net sales reaching $2.2 million and a strong gross margin of 40%. Year-to-date, the company has seen gross margins increase to 40.1%, with gross profit rising from $2.0 million to $3.3 million, indicating a strategic shift towards high-value, high-margin products. Additionally, Wellnex is expanding its offerings with new product lines and a medicinal cannabis brand, set to launch in major retailers and pharmacies.
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