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In Asia, the company has deployed more people to support its joint venture partnership in Japan. Elixinol Global will leverage that market position to expand into other Asian markets.
Elixinol Global raised A$50 million earlier this summer, largely to support the expansion of its U.S. business. The funding helped Elixinol USA acquire the raw material it needed to assure its larger customers the business was capable of achieving the necessary scale, according to Benhaim. The company is well-capitalized for at least the next 12 months.
The United States is the main market of focus for Elixinol Global. The company just opened its new processing facility outside of Boulder, Colorado, which is expected to more than double the capacity of the company’s previous facility.
Elixinol Global is also forging distribution channels in Europe, another important market. The company has signed a distribution deal with retailer Holland & Barrett in the U.K. and opened a pharmacy distribution channel in Germany through an agreement with MedVec.
The Three Divisions of Elixinol Global
To learn more, visit the Elixinol Global website. Listen to the entire interview:
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