The Sydney, Australia-based Elixinol Global Limited (ASX: EXL) has a global business presence in the cannabis industry. The company is engaged in the manufacturing and distribution of industrial hemp-based dietary supplements and foods, skincare products and medicinal cannabis worldwide. Its subsidiaries comprise – Hemp Foods Australia operating as a hemp food manufacturer, wholesaler, retailer and exporter of an extensive product range throughout southern hemisphere; and Elixinol USA, established in 2014, and one of the world’s reputed hemp-derived cannabidiol (CBD) brands based out of Colorado.
In a series of latest announcements, EXL has confirmed the rename of its third subsidiary Elixinol Australia, to Nunyara Pharma Pty Ltd. This was accompanied by another significant declaration highlighting purchase of a site for USD2.6 million in the Northern Rivers District of New South Wales for commercial cannabis cultivation and manufacturing for Nunyara.