Brief: Elixinol Wellness Announces Preliminary Outcomes Of Strategic Review Undertaken To Address Challenges Resulting From Current Status Of CBD Sector

Elixinol Wellness

28/03/2022 02:52

March 28 (Reuters) - Elixinol Wellness Ltd  EXL.AX :
    * STRATEGIC REVIEW UPDATE-EXL.AX
    * ANNOUNCES PRELIMINARY OUTCOMES OF  STRATEGIC REVIEW
UNDERTAKEN
TO ADDRESS CHALLENGES RESULTING FROM CURRENT STATUS OF CBD
SECTOR
    * FINDINGS FROM STRATEGIC REVIEW IDENTIFIED OPPORTUNITIES
THAT
SEES TO REDUCE OPERATING COSTS BY ABOUT A$3.2M ON ANNUALISED
BASIS
    * RESIGNATION OF GLOBAL CEO OLIVER HORN, EFFECTIVE 8 APRIL
2022
    * RON DUFFICY, CURRENT GLOBAL CFO, TO BE APPOINTED AS
INTERIM
GLOBAL CEO, EFFECTIVE 8 APRIL 2022
    * DECIDED TO BRING FORWARD COST REDUCTIONS TO BETTER
POSITION CO
FOR CURRENT MARKET ENVIRONMENT

Source text for Eikon:  ID:nASXnQR0h 
Further company coverage:  EXL.AX 

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