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Elixinol Raises $1.5M to Accelerate Automation and Boost Key Brands
1:58am on Monday 2nd of June, 2025 AEST
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Consumer Staples
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Elixinol Raises $1.5M to Accelerate Automation and Boost Key Brands
1:58am on Monday 2nd of June, 2025 AEST
Key Points
Raised $1.5 million via $1.35 million debt facility and $150,000 equity placement
Chairman David Fenlon personally invested $100,000 in the debt facility
Funds targeted at inventory build and manufacturing automation
Debt facility carries 12% interest, secured by US subsidiary assets
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