News and Announcements
Elixinol signs exclusive distribution agreement for Finland
- Published September 25, 2019 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Elixinol Global Limited (Elixinol Global) (ASX: EXL; OTCQX:ELLXF) is pleased to announce that its Dutch-based wholly-owned subsidiary, Elixinol BV (Elixinol), has signed an exclusive distribution agreement with Harmonia Life Oy (Distributor or Harmonia Life) for multiple channels in Finland.
Under the terms of the exclusive distribution agreement, the Distributor will sell Elixinol branded products via various retail channels for a period of five years. The exclusivity of the distribution agreement is based on achievement of minimum annual sales targets. The expected contribution to Elixinol Global’s revenue is not material in the short term, however it represents continued execution of its global expansion strategy and is an extension of Elixinol’s current European footprint.
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.
Elixinol Global Chief Executive Officer, Mr Stratos Karousos, said: “The distribution agreement with Harmonia Life allows Elixinol to further expand our European operations and launch Elixinol branded products throughout various retail channels in Finland.”
Harmonia Life Managing Director and Owner, Mr Sami Larste, said: “The partnership with Elixinol enables us to distribute the highest quality hemp-derived CBD products throughout Finland, enabling us to capitalise on trends witnessed elsewhere globally. Elixinol is a strong brand with significant global experience in the space. We look forward to developing this relationship further over the coming years.”
About Elixinol Global (ASX: EXL)
Elixinol Global Limited is a global leader in the cannabis industry, selling hemp-derived CBD dietary supplements, hemp food and wellness products, as well as holding a manufacturing licence for medicinal cannabis products.
Company Updates
The Index Approach in Early-Stage Venture Capital: Reconsidered
The venture capital (VC) landscape is marked by its dynamism and complexity, especially in early-stage investing. The traditional approach in VC, characterised by a selective and intensive vetting process, often contrasts with the concept of ‘index investing.’ This article revisits the indexing approach in early-stage VC, incorporating insights from recent studies and data, including a […]
The Future Is Now: The Evolution of Dealflow with Wholesale Investor
If you’ve ever thought of investing or expanding your portfolio, there’s no better time than the present. In the fast-paced world of investment, things are changing at a breathtaking speed, and it’s crucial to stay ahead of the game. The Future of Deal Flow is Today Dealflow, the lifeblood of the investment world, is not […]
Investability of a Startup: A Comprehensive Guide for Angels and High-Net Worth Investors
Venturing into the Startup Scene Let’s dive into the intriguing world of startups. It’s a thrilling ride, isn’t it? Like finding a pearl in an ocean, spotting a promising startup amidst a sea of businesses is no easy task. This guide aims to light the way, focusing on the “The Investability of a Startup: 7 […]
Backed By Leading Investment Groups and Family Offices
