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Chiefs end year on a high after victory in DurbanStockhead Don't miss out on the headlines from Stockhead. Followed categories will be added to My News. Wellnex reports strongest November on record with sales of $3.16 million as it looks towards dual listing on LSE in January 2025 Company growing its vast range of brands from medicinal cannabis to pain relief and vitamins Wellnex looks to expand offering globally and is in talks with a major distributor for UK market Special Report: As Wellnex Life targets a dual listing on the London Stock Exchange (LSE) early in the new year, the company has reported its strongest November on record with sales of $3.16 million. Health and wellness company Wellnex Life (ASX:WNX) says 2024 has been a transformational year for the company as it looks towards listing on the LSE in early January. The company reported sales in November increased to $3.16 million - up 321% on pcp - with growth coming across the whole business. Wellnex at a glance Wellnex has been steadily moving to a position of strength, having secured ranging and distribution agreements with major Australian retailers including Chemist Warehouse, Woolworths, Coles and CH2. The company owns a range of pharmaceutical, vitamin and wellness brands including: Nighty Night Wakey Wakey The Iron Company Bright Liquigesic Pharmacy Own Pain Away “We’ve spent a lot of time and money launching new brands like Wakey Wakey and Nighty Night,” managing director Zack Bozinovski said. “New brands don’t become $20 million brands overnight and we need to keep investing to create awareness and continue sales momentum.” Expansion into medicinal cannabis Wellnex partnered with Chemist Warehouse to launch the medicinal cannabis range Wellnex Life in August, catering for the growing TGA special access scheme (SAS). Bozinovski said Chemist Warehouse’s Instant Consult platform launched in October with more than 100 scripts for medicinal cannabis in the last couple of weeks of that month. “The good news is more authorised doctors are going to be recruited on the Instant Consult platform, which means more patient consultations and eventually more cannabis prescriptions,” he said. Wellnex’s newly appointed non-executive chair George Tambassis – who served as a director on the Pharmacy Guild of Australia for 15 years including seven years as national president – said medicinal cannabis presented a major growth opportunity. “Medicinal cannabis is a huge area in Australia under the SAS with specific GPs or doctors qualified to prescribe this medicine,” he said. “We’re going to expand with other prescribers as well as it’s a huge growth market.” Well-known and new brands Wellnex purchased the well-established Pain Away in 2023 , which it describes as the largest Australian-owned topical pain relief brand. “Brands like Pain Away are well-known, trusted brands and there is a lot of upside,” Bozinovski said. The company’s MD added that while there were learnings and hurdles to overcome with the Pain Away acquisition, Wellnex was now positioned to increase its distribution and strengthen its revenue. “We’ve got a really good grasp now of the business. “It is a mature brand with 25 years in the marketplace and the team are working very diligently to continue to expand its reach. “The product continues to sell out to customers and that is the true barometer.” Haleon manufacturing strengthens Wellnex also has a contract manufacturing product agreement with Haleon, which owns brands including Panadol, Sensodyne, Voltaren, Polident, Centrum, Otrivin and Advil. Back in March 2022, the company inked a supply agreement for its TGA-registered soft gel liquid paracetamol analgesic to Haleon (then GSK Consumer Healthcare) for it to be retailed in Australia and New Zealand under Panadol. The deal was extended and in August Wellnex announced it had received its first purchase order from Haleon for its soft gel liquid paracetamol analgesics for the UK. “We’re working through additional products and opportunities in and additional countries to launch our soft gel range of products,” Bozinovski said. Listing in UK for growth Wellnex has also set its sights on global expansion with plans for a dual listing on the LSE in early January to attract further institutional and retail investment. “We’re very confident about the UK listing moving forward, which would support a strong balance sheet to support our brand investment,” Tambassis said. Ruari McGirr, Director at Orana Capital – the broker leading the charge for their dual listing – has touted Wellnex as a “mini blue-chip”. “Often smaller cap companies generally have a plan and great aspiration for the future but limited track record or existing market position. What we see is the complete opposite –established partnerships with blue-chips, an array of well regarded products, and a track record of consistent sales growth over a number of years”. The company is also in talks with a major distributor for the UK market. “We know the UK market well, and it should be a good opportunity for the company,” Bozinovski said. This article was developed in collaboration with Wellnex Life, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Originally published as Wellnex ready for dual UK listing in new year after record November sales More related stories Stockhead ReNerve secures Middle East distribution deal ReNerve has partnered with Union MediScience B.S.C. in an exclusive distribution agreement to sell its NervAlign nerve cuff in the Middle East. Read more Stockhead Bitcoin hit US$100k... so what next? Bitcoin’s recent move above US$100k is a “pivotal moment” for crypto,” asserts Binance exec Rachel Conlan. But the road ahead will have its challenges as well as opportunities. Read morejiliplay mines 。

FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup

Myers Industries interim CEO Basque Dave buys $179k in stockFormer President Jimmy Carter has died at the age of 100. The 39th president of the United States was a Georgia peanut farmer who sought to restore trust in government when he assumed the presidency in 1977 and then built a reputation for tireless work as a humanitarian. He earned a Nobel Peace Prize in 2002. He died Sunday, more than a year after entering hospice care, at his home in Plains, Georgia. At age 52, Carter was sworn in as president on Jan. 20, 1977, after defeating President Gerald R. Ford in the 1976 general election. Carter left office on Jan. 20, 1981, following his 1980 general election loss to Ronald Reagan. Here's the latest: A somber announcement The longest-lived American president died Sunday, more than a year after entering hospice care , at his home in the small town of Plains, Georgia, where he and his wife, Rosalynn, who died at 96 in November 2023 , spent most of their lives. “Our founder, former U.S. President Jimmy Carter, passed away this afternoon in Plains, Georgia,” The Carter Center said in posting about his death on the social media platform X. It added in a statement that he died peacefully, surrounded by his family. A Southerner and a man of faith In his 1975 book “Why Not The Best,” Carter said of himself: “I am a Southerner and an American, I am a farmer, an engineer, a father and husband, a Christian, a politician and former governor, a planner, a businessman, a nuclear physicist, a naval officer, a canoeist, and among other things a lover of Bob Dylan’s songs and Dylan Thomas’s poetry.” A moderate Democrat, Carter entered the 1976 presidential race as a little-known Georgia governor with a broad smile, outspoken Baptist mores and technocratic plans reflecting his education as an engineer. After he left office and returned home to his tiny hometown of Plains in southwest Georgia, Carter regularly taught Sunday School lessons at Maranatha Baptist Church until his mobility declined. Those sessions drew visitors from around the world. Former Vice President Gore remembers Carter for life "of purpose” Former Vice President Al Gore praised Jimmy Carter for living “a life full of purpose, commitment and kindness” and for being a “lifelong role model for the entire environmental movement.” Carter, who left the White House in 1981 after a landslide defeat to Ronald Reagan. concentrated on conflict resolution, defending democracy and fighting disease in the developing world. Gore, who lost the 2000 presidential election to George W. Bush, remains a leading advocate for action to fight climate change. Both won Nobel Peace Prizes. Gore said that “it is a testament to his unyielding determination to help build a more just and peaceful world” that Carter is often “remembered equally for the work he did as President as he is for his leadership over the 42 years after he left office.” During Gore’s time in the White House, President Bill Clinton had an uneasy relationship with Carter. But Gore said he is “grateful” for “many years of friendship and collaboration” with Carter. The Clintons react to Jimmy Carter's death Former President Bill Clinton and his wife, former Secretary of State Hillary Clinton, remember Carter as a man who lived to serve others. “Hillary and I mourn the passing of President Jimmy Carter and give thanks for his long, good life. Guided by his faith, President Carter lived to serve others — until the very end." The statement recalled Carter's many achievements and priorities, including efforts “to protect our natural resources in the Arctic National Wildlife Refuge, make energy conservation a national priority, return the Panama Canal to Panama, and secure peace between Egypt and Israel at Camp David." After he left office, the Clinton statement said, Carter continued efforts in "supporting honest elections, advancing peace, combating disease, and promoting democracy; to his and Rosalynn’s devotion and hard work at Habitat for Humanity — he worked tirelessly for a better, fairer world,” the statement said.

Jimmy Carter, the 39th US president, has died at 100 ATLANTA (AP) — Former U.S. President Jimmy Carter has died. He was 100 years old and had spent more than a year in hospice care. The Georgia peanut farmer served one turbulent term in the White House before building a reputation as a global humanitarian and champion of democracy. He defeated President Gerald Ford in 1976 promising to restore trust in government but lost to Ronald Reagan four years later amid soaring inflation, gas station lines and the Iran hostage crisis. He and his wife Rosalynn then formed The Carter Center, and he earned a Nobel Peace Prize while making himself the most internationally engaged of former presidents. The center said he died peacefully Sunday afternoon in Plains, Georgia, surrounded by his family. Jimmy Carter: Many evolutions for a centenarian ‘citizen of the world’ PLAINS, Ga. (AP) — The 39th and longest-lived U.S. president, James Earl Carter Jr., died Sunday at the age of 100. His life ended where it began, in Plains, Georgia. He left and returned to the tiny town many times as he climbed to the nation’s highest office and lost it after four tumultuous years. Carter spent the next 40 years setting new standards for what a former president can do. Carter wrote nearly a decade ago that he found all the phases of his life challenging but also successful and enjoyable. The Democrat's principled but pragmatic approach defied American political labels, especially the idea that one-term presidents are failures. The Latest: Former President Jimmy Carter is Dead at age 100 Former President Jimmy Carter has died at the age of 100. The 39th president of the United States was a Georgia peanut farmer who sought to restore trust in government when he assumed the presidency in 1977 and then built a reputation for tireless work as a humanitarian. He earned a Nobel Peace Prize in 2002. He died Sunday, more than a year after entering hospice care, at his home in Plains, Georgia. Carter was sworn in as president on Jan. 20, 1977, after defeating President Gerald R. Ford in the 1976 general election. He left office on Jan. 20, 1981, following his 1980 general election loss to Ronald Reagan. Jimmy Carter: A brief bio Former U.S. President Jimmy Carter has died at his home in Plains, Georgia. His death comes more than a year after the former president entered hospice care. He was 100 years old. Jetliner skids off runway and bursts into flames while landing in South Korea, killing 179 SEOUL, South Korea (AP) — A jetliner skidded off a runway, slammed into a concrete fence and burst into flames in South Korea after its landing gear apparently failed to deploy. Officials said all but two of the 181 people on board were killed Sunday in one of the country’s worst aviation disasters. The 737-800 operated by Jeju Air plane arrived from Bangkok and crashed while attempting to land in the town of Muan, about 290 kilometers (180 miles) south of Seoul. Footage of the crash aired by South Korean television channels showed the plane skidding across the airstrip at high speed, evidently with its landing gear still closed. Tornadoes in Texas and Mississippi kill 2 and injure 6 as severe weather system moves east HOUSTON (AP) — A strong storm system is threatening to whip up tornadoes in parts of the U.S. Southeast, a day after severe weather claimed at least two lives as twisters touched down in Texas and Mississippi. Strong storms moving eastward Sunday are expected to continue producing gusty, damaging winds, hail and tornadoes through Sunday. That is according to National Weather Service meteorologist Frank Pereira. So far, the line of severe weather has led to about 40 tornado reports from southeastern Texas to Alabama, Pereira said, but those reports remain unconfirmed until surveys of damage are completed. Israeli hospital says Netanyahu has undergone successful prostate surgery TEL AVIV, Israel (AP) — An Israeli hospital says Prime Minister Benjamin Netanyahu has undergone successful prostate surgery. Jerusalem’s Hadassah Medical Center said his prostate was removed late Sunday and that he was recovering. Netanyahu’s office had said Justice Minister Yariv Levin, a close ally, would serve as acting prime minister during the procedure. Doctors ordered the operation after detecting an infection last week. Netanyahu is expected to remain hospitalized for several days. With so much at stake, Netanyahu’s health in wartime is a concern for both Israelis and the wider world. Syria's de facto leader says it could take up to 4 years to hold elections BEIRUT (AP) — Syria’s de facto leader has said it could take up to four years to hold elections in Syria, and that he plans on dissolving his Islamist group that led the country’s insurgency at an anticipated national dialogue summit for the country. Ahmad al-Sharaa, who leads Hayat Tahrir al-Sham, the group leading the new authority in Syria, made the remarks in an interview Sunday. That's according to the Saudi television network Al-Arabiyya. It comes almost a month after a lightning insurgency led by HTS overthrew President Bashar Assad’s decades-long rule, ending the country’s uprising-turned civil war that started back in 2011. A fourth infant dies of the winter cold in Gaza as families share blankets in seaside tents DEIR AL-BALAH, Gaza Strip (AP) — A fourth infant has died of hypothermia in Gaza, where hundreds of thousands of Palestinians displaced by nearly 15 months of war are huddled in tents along the rainy, windswept coast as winter arrives. The baby's father says the 20-day-old child was found with his head as “cold as ice” Sunday morning in their tent. The baby’s twin brother was moved to the intensive care unit of Al-Aqsa Martyrs Hospital. Their father says the twins were born one month premature and spent just a day in hospital, which like other Gaza health centers has been overwhelmed and only partially functions. Musk causes uproar for backing Germany's far-right party ahead of key elections BERLIN (AP) — Tech entrepreneur Elon Musk has caused uproar after backing Germany’s far-right party in a major newspaper ahead of key parliamentary elections in the Western European country, leading to the resignation of the paper’s opinion editor in protest. Germany is to vote in an early election on Feb. 23 after Chancellor Olaf Scholz’s three-party governing coalition collapsed last month in a dispute over how to revitalize the country’s stagnant economy. Musk’s guest opinion piece for Welt am Sonntag, published in German over the weekend, was the second time this month he supported the Alternative for Germany, or AfD.

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