SYDNEY: Elixinol Wellness Ltd (ASX: EXL) has completed the acquisition of 100% of the assets of The Healthy Chef Pty Ltd, Healthy Chef Stock & Research Development, and EHealth And Wellbeing Pty Ltd (collectively Healthy Chef).
This acquisition follows a successful capital raise of $1.075M (before costs) through an institutional placement, which received strong support from both new and existing institutional and sophisticated investors. Additionally, the Company launched a non-underwritten share purchase plan (SPP) of up to $0.5M.
The Healthy Chef is a premium lifestyle brand focused on clean nutrition for women’s health, inner beauty, and overall wellbeing. This acquisition aligns with Elixinol’s strategy to build a ‘House of Brands’ that prioritises sustainable nutrition and growth across multiple revenue streams.
Mr. David Fenlon, EXL’s Non-executive Chair, commented: “We are delighted to have completed this strategic acquisition, which marks a pivotal step in our growth strategy. The Healthy Chef brand perfectly complements our existing portfolio, reinforcing our commitment to sustainable high-quality nutrition.
This acquisition not only strengthens our footprint in the rapidly growing wellness sector, but also offers immediate benefits through revenue uplift, margin expansion and operational synergies. By integrating The Healthy Chief into the Elixinol House of Brands, we expect to unlock meaningful value across our Australian and U.S. markets.
With Healthy Chef founder, Teresa Cutter, as a global brand ambassador, we are well-positioned to drive innovation and deliver profitable and sustainable growth.”
Elixinol Wellness sells stake in Pet Releaf for A$2.3 million