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Wellnex Life (ASX: $WNX) launches wellness life brand

Wellnex Life (ASX: $WNX) Announcement Overview


Wellnex Life Limited (ASX: $WNX) has announced the launch of Wellness Life, a new medicinal cannabis brand set to officially launch on 1 July 2024. Dr Sylvia Victor, an esteemed industry expert, has been appointed to oversee all activities with the joint venture using her extensive experience in healthcare and alternative medicines to drive the success of the new Wellness Life brand.

Executive Commentary on Wellness Life Launch


We are thrilled to launch Wellness Life in collaboration with Chemist Warehouse and OneLife Botanicals. This marks a significant step in providing high-quality medicinal cannabis products to the burgeoning SAS-B market in Australia.

Summary of Wellnex Life (ASX: $WNX) Announcement


Wellnex Life (ASX: $WNX) has announced the launch of Wellness Life, a new medicinal cannabis brand, set to officially launch on 1 July 2024. The company has appointed Dr Sylvia Victor, an esteemed industry expert, to oversee all activities with the joint venture. The products under the Wellness Life brand will be made available through the extensive Chemist Warehouse network in Australia, with plans to distribute to other pharmaceutical customers as well. The medicinal cannabis market in Australia is projected to reach USD 356.70 million in 2024, with a compound annual growth rate (CAGR) of 4.58% from 2024 to 2029. This announcement signifies a strategic move by Wellnex Life to tap into the growing medicinal cannabis market and expand its presence in the healthcare segment.

WELLNEX LIFE LIMITED
WNX | ASX | Consumer Staples
0.027-0.001(-3.57%)
At close 05/07 (AEDT)
Market cap
$36.1M
Volume
2,737,420
DY Yield
0
PE Ratio
0
52 Week Range
0.017 - 0.035
1YR Return
N / A

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