Wellnex Life Ltd (AU:WNX) has released an update.
Wellnex Life Ltd has reported a strong performance with net sales of $2.95M in June and a notable increase in gross margins to 40%, marking its fifth month of continuous organic growth. The company’s strategic shift from lower-margin brokerage to higher-margin branded product sales resulted in a significant improvement in gross profits, up 62% to $4.4M for the first half of the year. Wellnex Life is poised for further growth with the expansion of its product brands and entry into new markets, including a promising venture into the medicinal cannabis space through its Wellness Life brand.
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