Barclay Pearce Capital
- Aug 26, 2024
- 3 min read
Wellnex life - Company Update - Corporate show case - Episode 29
As Wakey Wakey's magnesium dissolves to boost your day, Wellnex Life is energising the future of health and wellness with its roadshow.
This exciting event highlights Wellnex Life(ASX: WNX)’s innovative products and strategic growth plans, showcasing their strong market position, valuable partnerships and ambitious expansion into new markets.
Congratulations to George Karafotias, Zack Bozinovski, the board and the wider team at WNX for reaching this milestone.
To access investment opportunities in WNX, please contact James Whelan.
Read the transcript below:
Well, I've got the, uh, the Wakey Wakey Magnesium today. What are you, what have you got? I've got the Wakey Wakey Lemon Lime Flavor, James. That's not a bad flavor, actually.
It's a beautiful flavor. Okay, you ready to go? Let's go. Are we gonna go on three or after three? Uh, on three. On three. On three. Here we go.
One, two, okay. We've got the time that it takes the dissolving of the Wakey Wakey, uh, to go through an interview, and I've got here with Zach Bozinovski of Wellnex. Life, who is going to run us through a few things. First, we're midway through a roadshow, Sydney and Melbourne. The feedback has been fantastic, hasn't it?
Excellent feedback. Um, really good to see the brand and the companies resonating with the people we're talking to, James. Now, profitability is key for me. Uh, definitely always good to invest in profitable companies. Um, you want to walk us through the numbers? Yep. We've started to, uh, turn some profit in the last couple of months of the last financial year and I'm looking forward to a really good, strong, uh, growth, both top and bottom line in 2025.
Now, the key part of last year was the purchase of PainAway. Um, a good raise that was done into that and the purchase of PainAway. How has the results of that been shown? PainAway acquisition has been fantastic, uh, probably better than I thought to be honest with you. Um, great brand, lots of opportunities, a lot of interest from the retail trade as well.
Um, and we're looking forward to generating additional revenue and profitability with the brand. What is the future of PainAway? If you've got anything that you can disclose to us on that one. There's a lot of good things happening paint away. Um, one of the exciting things is we're sponsoring the Sydney marathon, uh, which is we're one of the major sponsors, which is really exciting, but there's a lot of opportunities.
You'll be able to buy PainAway a lot more distribution, uh, in supermarkets in particular. Um, we're looking at a lot of new product innovation, looking at taking the brand in a different category, James. Excellent. Good. Right now, moving on cannabis. We're running out of time. Okay. We've been moving to our JV with Chemists Warehouse, we've announced recently that we started doing our first scripts with Chemists Warehouse.
Exciting space. Yeah, so that can really turn into something quite big. Well, they've lifted. They're up here. Yours is going high. They're nearly there. We're not done yet. Now, uh, so cannabis, big, big moves into that space. I'm really excited about that one. Listing, London. Listing, London. Um, did a bit of a pre roadshow.
Went really well. Uh, finalized all the documentation. Um, hoping it'll be sometime in October. Now, generally what's, uh, where's the roadshow going to be taking us from here with the remnants, uh, that we've got going on. Where are we going? Melbourne tomorrow? We're off to Melbourne, uh, Sydney the rest of the day and Melbourne tomorrow.
Um, really look forward to it. About 30 meetings, all been very positive and really looking forward to continuing to talk the story of Wellnex. Mate, we've got that to the perfect job. Zach Bozinovski of Wellnex life. Thank you very much for joining us. Thanks James. Cheers.
Delicious. Thank you very much. Thanks.
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