ELLXF - Elixinol Global Limited

Other OTC - Other OTC Delayed Price. Currency in USD
0.4100
+0.0100 (+2.50%)
At close: 3:26PM EST
Stock chart is not supported by your current browser
Previous Close0.4000
Open0.4000
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.3920 - 0.4280
52 Week Range0.3300 - 4.2500
Volume38,887
Avg. Volume133,112
Market Cap54.712M
Beta (5Y Monthly)-0.90
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Benzinga

    Elixinol Participates In FDA's First CBD Hearing, Says Guidance, Clarity Will Benefit 'Good Players'

    The Food and Drug Administration held its first-ever hearing on CBD Friday, and market leaders gave testimony on the state of the industry and what they hope it will look like going forward.  One participant, ...

  • The Next Tilray Stock Is Just Around the Corner
    InvestorPlace

    The Next Tilray Stock Is Just Around the Corner

    Less than one year ago, a small, unknown company named Tilray (NASDAQ:TLRY) went public on the Nasdaq Composite stock exchange.Source: Shutterstock Tilray was the first "pure play" marijuana-focused company to IPO on a major U.S. exchange. It produces medical cannabis for research and public consumption.To say Tilray stock's debut was a success is a gross understatement …InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn just the first month after going public and selling ownership stakes to individual investors, Tilray stock had climbed 60%.It was a heck of a first month … and it got even better.As investors grew more and more interested in the legalization of marijuana and the $100-plus billion market that it could create, Tilray stock gained another $277 per share after two months of trading. That included a stunning move in which the stock rallied 185% in just one week, bringing its return to an incredible 1,237% over its IPO price.It's one of the greatest short-term wealth creation events we've seen in the stock market over the past decade. Something Extraordinary Is HappeningAlthough Tilray stock's huge gain was easily one of the highest profile financial events of 2018, it wasn't the only legal marijuana stock to create incredible wealth for its shareholders.There is a historic boom taking place in the legal marijuana business … which in turn is creating a historic boom in legal marijuana stocks.Last year, sales of legal marijuana in the United States hit $10.4 billion, which is nearly double the $5.4 billion in 2015. This year, sales should increase nearly 24% to $12.9 billion. And with the legalization trend proving to be nearly unstoppable, I expect this market will continue to grow significantly in the next 10 years.The opportunity in legal weed is much like the opportunity internet stocks offered in 1994 … or that bitcoin offered in 2015. In fact, the legal marijuana business is set to grow so much over the next 10 years that it will turn out to be one of the three biggest investment opportunities of your entire life -- no matter when you were born.Within that opportunity there are various ways to make a lot of money. One of the most exciting is in newly-public, post-IPO legal marijuana stocks (like Tilray stock). Focusing on the best of these could help you make life-changing capital gains over the next five years.You see, something extraordinary is happening right now …All over the U.S. and the rest of the world, marijuana is being legalized on an unprecedented scale.We're literally witnessing the birth of a whole new industry.It's a rare time in history.Like the beginning of the automobile … personal computer … and internet revolutions.Weed is now the fastest-growing industry in America!That means we are at the forefront of a massive tidal wave of new growth.In the wave of legalization, the future billion-dollar leaders of this industry -- the massively successful private companies that are fueling this surging market -- are now taking their companies public on the stock market. Oftentimes, it's for just pennies a share, or maybe a few dollars.In other words, the businesses that are going to be the Amazons, Googles, Walmarts and Microsofts of this soon-to-be-massive industry can be owned for mere pocket change!That means investors can get rich buying these tiny marijuana stocks right now -- at the very beginning -- if they know what they are doing. I'm here to make sure that's you. 124% in 6 Months and More on the WayWhile investors focus on the hyped up -- often overhyped -- IPOs like Uber (NYSE:UBER), Lyft (NASDAQ:LYFT) and Pinterest (NYSE:PINS), I recommended Elixinol Global Limited (OTCMKTS:ELLXF) to my Investment Opportunities readers last December. The stock had been trading for only three months at that time, and it has soared 124% in the six months since.You'd take that, right?And I expect more to come. I don't recommend companies just to try to make money on a quick IPO pop. That's trading … not long-term trend investing. And with IPOs in particular, you'll lose at least as much as you win -- and probably more.You still need to focus on the right companies. With Elixinol, I saw a stock that was attractive on both growth and value, and it met the criteria I developed in my system for finding new marijuana stocks.I call it the Cannabis Cash Calendar. I designed it to let investors like you benefit from one of the best wealth-creating strategies throughout history: Buying early.I am about to release my next marijuana stock pick on May 31 .Let me be clear. You never want to just buy any old IPO -- even in a transformative industry like legal marijuana.There's lots of homework involved. You need in-depth research. You need comprehensive and smart analysis. And it's crucial to get the timing right. If you miss on any of those, it can cost you.Let me take care of that for you. You can get in on the action -- and be ready for the new recommendation in marijuana stocks -- by reviewing the details and signing up here.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy for Monster Growth * Ranking the Top 10 Stock Buybacks of Last Year * 5 Stocks Under $10 With Big Upside Potential Compare Brokers The post The Next Tilray Stock Is Just Around the Corner appeared first on InvestorPlace.

  • InvestorPlace

    6 Signs That Marijuana Legalization is Closer Than You Think

    It's become trendy for stock "gurus" to start pushing marijuana stocks. A few months ago, most of them were silent on the issue. Now they all seem to be pounding the table.I urged people to consider cannabis stocks back in 2014 - for one simple reason: Colorado had opened the door by being the first U.S. state to legalize recreational marijuana.Since then, Colorado has made over $6 billion in legal marijuana sales in just four years. This has produced more than $927 million in tax revenue. Some of the biggest names in U.S. legal cannabis operate there, like Charlotte's Web (OTCMKTS:CWBHF) and Elixinol Global (OTCMKTS:ELLXF), and they are flourishing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFrom the beginning, I knew that was just the first "domino" to fall… leading to full, federal legalization.Given that we've been under marijuana prohibition for generations, many folks are still skeptical. Well, based on the facts, news, and trends - not a gut feeling for or against marijuana - I do expect legalization, and soon. And I've got six reasons why. * 7 Dangerous Dividend Stocks to Stay Far Away From Catalyst 1: SAFE Banking Act & STATES ActThe first official step to full-blown legalization will likely be one of two specific bills that are working their way through Congress.In March, the Secure and Fair Enforcement (SAFE) Banking Act passed the U.S. House Committee on Financial Services with bipartisan support. If passed, the bill will allow banks to work with marijuana companies without fear of breaking any laws.Only a small number of regional banks and credit unions currently take the risk of offering services to the industry. Banking costs for marijuana companies are exceptionally high - try $5,000 a month maintenance fees! - due to the risk banks are taking by technically breaking federal laws. So, access to traditional banks/loans would be a game-changer.The other piece of legislation, the Strengthening the Tenth Amendment Through Entrusting States (STATES) Act, will allow individual states to make their own laws on cannabis, including banking. Any bank lawfully working with marijuana businesses will be protected under the STATES Act.At least one of these bills will likely be passed in the coming months, and possibly both. Either would be a major step toward legalizing marijuana in the United States. Catalyst 2: The 2020 ElectionNote: Please understand that my analysis on politics and the stock market is 100% from an investing point of view. I have no desire to push any type of politics on you in any manner. I hate it when other people do that to me, and I would never do it to you. My one and only goal is to make you money.The 2020 presidential election is already in the daily headlines. I've lost track of the number of Democrats that have thrown their hats into the ring. I know it's more than 20… and the election is still more than a year-and-a-half away!These candidates come from all types of backgrounds. Some are far left and others are more moderate. The candidates will undoubtedly take vicious shots at each other as they try to secure the Democratic nomination, but there is one topic that could create that kumbaya moment - marijuana.Nearly every Democratic candidate has called for legalization of even recreational marijuana as well expunging federal charges related to cannabis. Former Vice President Joe Biden is one major exception, but I don't think we've heard the last from him on this issue. Expect the topic to be at the forefront of town halls and debates over the next 18 months.In the meantime, several bills were introduced in the last year that would legalize marijuana nationwide. The one that has the best chance - and the backing of big-name Democrats - is the Marijuana Justice Act. It was originally introduced in 2017, but a vote never took place. New Jersey Senator Cory Booker reintroduced the bill in February. Its chances of getting through the Senate are very low, but the bill does put pressure on the Republicans up for re-election. That brings me to the next catalyst… Catalyst 3: President TrumpI have attended a few cannabis conferences recently, and I stay in touch with industry insiders. In just the last few months, I've noticed a significant increase in the number of insiders who expect President Trump to introduce a bill to legalize marijuana. Based on what I'm hearing from them and people who have connections in D.C., the odds of the president introducing such a bill are now well above 50%.We know President Trump wants another term, and according to a poll by Civilized, cannabis users plan to vote come November 3, 2020. Civilized is a pro legalization site, but about 90% of people surveyed said they intend to vote in the next presidential election. That's significant, and about 3% higher than non-cannabis consumers.Democrats will make sure marijuana is front and center in all debates. And it makes sense politically for Republicans, too. Backing marijuana's legalization will not hurt the party's voter base and could bring some moderates over to their side.That is where President Trump comes into play. If legalizing marijuana can swing some moderate Democrats to his side, he will not hesitate. I and others I talk with increasingly believe President Trump will strike preemptively and legalize marijuana before the election. Catalyst 4: The DEAMarijuana remains a Schedule 1 drug in the United States, which is one reason it is illegal. According to the Drug Enforcement Administration (DEA), Schedule 1 drugs are generally unsafe with a high potential for abuse and no accepted medical use.More and more studies refute all three of those criteria when it comes to marijuana. The last qualifier - no accepted medical use - is now known to be simply false.What will it take for the DEA to remove marijuana from Schedule 1? Well, the first thing is old-fashioned common sense. Heroin, LSD, and ecstasy are all Schedule 2 drugs, which in theory means they are less dangerous than marijuana. That's crazy. You don't need a medical or biology degree to see how out of touch and outdated that is.Beyond common sense, there are other things that will force the DEA to change marijuana's classification. The most likely are more studies demonstrating the positive medicinal effects of marijuana.This is yet another silly situation because government regulations make it extremely difficult to perform those studies. However, new Attorney General William Barr has said he supports more marijuana research, and the more individual states do, the higher the likelihood this will change.The bottom line is that the DEA's blessing is necessary for marijuana to be legalized. If all other parties, including Congress and President Trump, get behind legalization, the DEA will have no choice but to succumb to the pressure. Catalyst 5: The Farm BillSomething called the Farm Bill doesn't sound all that exciting, but believe me, it is. The bill legalized hemp in the United States for the first time in over 80 years.To be clear, the legalization of hemp did not have any direct effect on marijuana laws. But it did open up the conversation of doing the same thing with cannabis, which is important. If the Farm Bill was a test run of legalization, the government should be satisfied.We're already seeing demand for hemp-related goods. Products that include cannabidiol (CBD), the non-psychoactive part of the plant, are now found in food, drinks, skincare products, etc. What's more, they are available at places like CVS Health (NYSE:CVS), Walgreens (NASDAQ:WBA), and Bed, Bath & Beyond (NASDAQ:BBBY). The hemp-CBD market is expected to balloon 40X over the next few years. Catalyst 6: Money, Money, MoneyGood or bad, right or wrong, many decisions are made based on money. When it comes to marijuana, the dollar signs are too big to ignore.The amount of tax revenue that states could generate from legal marijuana is impressive. And when politicians of one state watch neighboring states bring in revenue, it puts pressure on them to get in on the action. Thus, the snowball effect of more states legalizing marijuana.Job creation is an often overlooked benefit of legalization. One study shows that marijuana could result in over 300,000 new jobs by 2020.California has already created 80,000 jobs in the marijuana industry, according to a study from ICF International. To put that into money terms - that is a $3.5 billion increase in labor income. And guess what? More income taxes as well.All states would love to have hundreds of millions in additional revenue. So would the federal government… which is a big reason for the bold prediction I'm making now.The United States is flying towards legalization, which means U.S. pot stocks have massive potential ahead. As an investor, you need to grab your slice of that pie. However you feel about marijuana, numbers don't lie, and getting in on the ground floor of a mega-trend like this is how you build explosive wealth.But it's critical to get in BEFORE America legalizes nationally.Marijuana stocks are about to deliver their next wave of wealth much quicker than you'd think. Click here for my presentation on the topic.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dangerous Dividend Stocks to Stay Far Away From * 7 Tips for New Investors Young and Old * 10 Great Stocks to Buy on Dips Compare Brokers The post 6 Signs That Marijuana Legalization is Closer Than You Think appeared first on InvestorPlace.

  • Benzinga

    Bulls And Bud Of The Week: True Leaf Medicine And PLUS Products

    Last week, Elixinol (OTC: ELLXF) snapped up a 25-percent stake in Altmeds, a company that makes CBD products for pets. Although some folks might dismiss the market for CBD-based pet products, it’s actually quite lucrative. Certainly this is the case with Altmeds, and will likely be the case with other producers of cannabis-based pet products.