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DRF - Dragonfly Biosciences

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Dragonfly Biosciences was incorporated on 29 June 2017 and is a premium retailer of cannabidiol (CBD) oil. Through its extensive research and development, Dragonfly controls the process from seed to sale, with the aim of producing the highest and most consistent product quality. Dragonfly currently offers a range of CBD health and lifestyle products.

Dragonfly aims to expand its business and product range in line with legislative changes in Europe, the USA and Australia. As demand grows for CBD health supplements, Dragonfly seeks to be the go-to producer and supplier of CBD for both businesses and consumers.

Dragonfly's products are tested in third-party laboratories, as well as implementing its own testing regime to ensure consistency and quality across the board with Good Manufacturing Practices (GMP). Its product line is standardised to contain specific quantities of cannabinoids including, CBD, CBD-a and CBG.

It is anticipated that DRF will list on the ASX during October 2021.

 
Listing dateTBA
Company contact detailshttps://dragonflybiosciences.com/
Principal ActivitiesRetailer of cannabidiol oil
GICS industry groupTBA
Issue PriceAUD 0.20
Issue TypeOrdinary Fully Paid Shares
Security codeDRF
Capital to be Raised$11,000,000
Expected offer close date04 October 2021
UnderwriterNot underwritten. Finexia Securities Limited (Lead Manager)
 
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