Elixinol Wellness Ends US Deal to Refocus on Healthy Chef in Australia; Shares Up 11%

MT Newswires Live

2025/08/20

Elixinol Wellness (ASX:EXL) ended a US distribution agreement tied to its acquisition of Healthy Chef in October 2024, allowing it to concentrate on expanding the brand within Australia while keeping international growth options open, according to a Wednesday filing with the Australian bourse.

Healthy Chef is an Australian wellness brand offering nutritional products, the filing said.

The companies agreed to terminate the agreement, as no products have been marketed, the filing added.

Elixinol Wellness' shares surged 11% in recent Wednesday trade.

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