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I see the news that they are going to exit Japan market.. not a big deal. They were making less than $1 mln over there and they own only 50% so it's going to have zero impact on sales.. but instead could rise some cash for them from selling their 50% of ownership..
Also I see that yahoo says they are crashing because they may get hit with lawsuit that they label products diatery supplements.. oh well, they would be just one of many cbd companies in the same boat.. they will just have to join forces and fight this ridiculous suits simply blaming that based on FDA info about supplements, they do qualify for just that.. and since FDA is not rush to tell CBD companies what they should be label.. then FDA is the one to blame here..
At the end of the day $ volume is very very little.. so it's not major selloff.. probably a few people cutting losses for a tax break before year ends.. I think selling pressure will ease once this is done.. there could be really good opportunity to add if it goes lower.. Hemp industry is not going anywhere.
Thanks for the dd. I just looked at chart, balance sheet and liked their cash position given the uncertainty right now.
They show $48mln cash and almost $200mln in assets (less than $12mln in all liabilities).. also reported $17mln in sales during first half of 2019.. so they should make $30mln in annual sales easy...
And yet current market cap only $55mln.. it's an absolute no brainer buy at this market cap. This is easy 100 % gain once it gets a little bit of buying pressure.. it will move on air to $1 and higher (1.5-2.0 imo) mark my words..
They probably have the biggest variety of SKUs products out there.. tinctures, capsules, vapes, topicals, pet line, hemp skin products Sativa, edibles like hemp seeds, hemp protein powder .. yes, all products are organic.. Also international footprints selling in Australia and Japan..
To add icing on a cake are two names in a company: Joy Beckerman (Vice-president of US Hemp Roundtable. She is probably one of the most knowledgeable when it comes to regulations) and Paul Benhaim (pioneer in hemp cultivation since 1993)
Bot this yesterday in low 50¢. Will wait for 30¢ to load more if they take her there
Will Elixinol Global be a part of this? Doesn't the PPS need to be over $1.00 soon?
Hemp is going big worldwide.. FDA won't stop it..
https://educateinspirechange.org/alternative-news/lego-plans-to-make-all-its-bricks-from-biodegradable-hemp-plastic-by-2030/
FDA gave warnings to companies that make claims that CBD products treat disease etc.. something that they want only drugs to be able to do since Big Pharma spend millions on drug trails to prove the claims.. also FDA still says that CBD can't be added to food since Epidiolex (which is CBD) was approved as a drug over a year ago and you can't add drugs to food.. that be said FDA still hasn't release regulations and they said they will give update within next few weeks.
These products are not included in the new FDA warning about CBD products?
Yes, but hemp/CBD contains legal amounts of THC which is less than 0.3%
Doesn't Elixinol market CBD products? They contain some THC.
Hemp is federally legal and ellxf is only involved in hemp, not Marijuana
The big money won't be made until cannabis products are legal in a lot more countries. The demand is definitely there.
This is not an idea but all I got to say is the whole MJ sector sucks! I made an investment in this sector of a dozen or so stocks a couple of years ago and they are all at or near their all time lows. FAN F**KING TASTIC sector. Biggest buncha hype I've ever seen.
Anybody got any bright F$x*#n ideas
Absolutely bottomless right now
LOL! ...and that was a Good Move?
FDA fawked the sector it will be back...Reverse mergers and custodianship plays with tight floats
TANKED. Glad I cut off an arm to save a leg. I am now loaded in PTOTF.
1.00 it is...FDA fawkes this sector for now
Moving on to a different sector. Good luck.
Quite resilient today compared to most of the general sector.
Not really an article - corporate funded puff piece. Not sure those ever really help anything.
~yanqui
Elixinol Global to Present at Upcoming U.S. Investor Conferences
Elixinol Global Limited (Elixinol Globalor the Company) (ASX:EXL; OTCQX:ELLXF),a global company operating in the industrial hemp and emerging medicinal cannabis sectors, is attending the following investor conferences in October 2019.
Canaccord Genuity US Cannabis SymposiumWhen: Thursday, 3 October 2019 Where: Sheraton Centre – Toronto Presentation:1x1 and small group meetings
Alliance Global Partners Consumer Cannabis Conference When: Thursday, 3 October 2019 Where: Pierre Hotel – New York CityPresentation:1x1 and small group meetings
For more information about the conferences or to schedule a one-on-one meeting with Elixinol Global’s management, please contact your respective conference representative
Ron DufficyChief Financial Officerron.dufficy@elixinolglobal.com
About Elixinol GlobalElixinol Global Limited (ASX:EXL; OTCQX:ELLXF) is a global leader in the cannabis industry, selling hemp-derived CBD dietary supplements, hemp food and wellness products, as well as the cultivation and manufacture of medicinal cannabis products.
Elixinol Global’s businesses include:
* Elixinol LLC (Elixinol), a manufacturer and global distributor of industrial hemp based dietary supplement and skincare products, with operations based out of Colorado, USA;
* Hemp Foods Australia Pty Ltd (Hemp Foods Australia), a leading hemp food wholesaler, retailer, manufacturer and exporter of bulk and branded raw materials, and finished products; and
* Nunyara Pharma Pty Ltd (Nunyara), founded in 2014 to participate in the emerging Australian medicinal cannabis market. Nunyara holds a manufacturing licence and its application for cultivation to the Office of Drug Control is currently pending approval.
See more at www.elixinolglobal.com
Check out the "U.S. Years of Cash Remaining" graph
https://grizzle.com/cannabis-industry-mass-extinction/?tl_inbound=1&tl_target_all=1&tl_period_type=3&ck_subscriber_id=432515143&fbclid=IwAR0hjMCk_IbyHi4n_835wZLYFEBNB6wePg_FqnmQH89JVRd-VW5jW8hdigk
I've got it on the watchlist, hope to be in it before it takes off again.
A crack in the armor toward legal weed in Oz: https://www.cnbc.com/2019/09/25/australias-capital-city-legalizes-marijuana.html
I think the gap should be closed now
Weed 5 on CNN this Sunday evening. I get the sense quality of the CBD supply chain maybe the issue - which is good for ELLXF and their brand.
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So far that gap is acting as support..
Elixinol signs exclusive distribution agreement for Finland
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"The exclusive distribution agreement with Harmonia Life follows Elixinol Global’s other recently
announced exclusive distribution arrangements for Benelux and Switzerland, Germany, United
Kingdom and New Zealand and is in line with Elixinol Global’s growth strategy to establish distribution
arrangements in targeted locations across various channels to leverage the significant long term
opportunities within the global hemp and cannabis market."
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Very close, might as well fill the darn thing:)
Amy Abernethy recently announced on Twitter that:
"[FDA] is expediting its work to address the many questions about cannabidiol (CBD). This is an important national issue with public health impact, & an important topic for American hemp farmers and many other shareholders.”
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Link didn’t work for me.
CBD Article:https://www.benzinga.com/markets/cannabis/19/09/14466329/the-who-what-when-where-and-why-of-cbd-nonprofit-releases-results-of-wide-ranging-survey" rel="nofollow" target="_blank" >insert-text-here
The Senate Appropriations Committee approved the $23.1 billion agriculture spending bill on Sept. 19. It now heads to the Senate floor for debate.
If approved, the FDA would have 120 days to adopt an enforcement discretion policy. The agency would also have to provide Congress with an update of its progress after 90 days.
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Is Elixinol Global (ASX:EXL) Using Debt Sensibly?
https://finance.yahoo.com/news/elixinol-global-asx-exl-using-022747285.html
Now available in South Africa:
https://elixinol.co.za/?fbclid=IwAR0VS6R3msYd_7wx2NsDhlHaNZ4a423e1wvwTwcj5i8CahqEGrz2g_KZSP4
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