Elixinol Wellness has reported its strongest quarter in four years, with customer receipts topping A$4.1 million in Q3 FY24, the firm’s best performance since Q3 FY20.
Group revenue increased by $1.7m (77%) to $3.9m, up from $2.2m a year ago, while Australian sales doubled to $3.3m, up from $1.6m.
The company attributed the “sustained growth” to a “strong performance in the grocery channel, supported by solid baseline sales, increasing brand loyalty, and well-executed promotions”.
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