Elixinol Global Limited (Elixinol or the Company) (ASX:EXL; OTC:ELLXF) has agreed to sell its subsidiary Hemp Foods Australia Pty Ltd (HFA) to ???????????? (Yunnan Lvxin Biological Pharmaceutical Co., Ltd.), a subsidiary of Shanghai Shunho New Materials Technology Co., Ltd. (Shunho) pursuant to a share purchase agreement (SPA). The sale of HFA is in line with Elixinol’s refined strategy to focus on the hemp derived CBD market.
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