Nutritional Growth Solutions Exits Non-Core US Deals with Elixinol Wellness

MT Newswires Live

08/27

Nutritional Growth Solutions (ASX:NGS) has reached a settlement agreement with Elixinol Wellness (ASX:EXL) to terminate the non-operational US agreements signed in July 2024, with the former owners of The Healthy Chef, according to a Wednesday filing with the Australian bourse.

These agreements, under which no products were marketed or sold, will be terminated at a modest cost, delivering the company around $580,000 in net financial relief, the filing said.

The move streamlines operations, eliminates obligations, and allows the company to refocus on value-driven, strategic priorities, the filing added.

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