Elixinol (ASX:EXL) share price heats up on cannabis business update

The Elixinol Global Ltd (ASX: EXL) share price is rising today after the company released its quarterly activity update.

At the time of writing, the Elixinol share price is up 5.88% to 18 cents per share.

Elixinol’s focus is the manufacture and distribution of industrial hemp products and early-stage medical cannabis business focusing on the importation, cultivation, manufacture and distribution of CBD and THC products (using the active compounds in marijuana). 

Elixinol’s quarterly business update

Elixinol’s focus in its latest update was its “highly value-accretive” acquisition of leading German hemp-derived CBD player,…