Wellfully Focuses on operations in Q1 FY23
- Wellfully (WFL) spent the first quarter of FY23 focusing on its operations and scaling its revenue
- WFL executed an agreement with Beauty Solutions to be the exclusive distributor of RÉDUIT across the UAE, Oman, Qatar and Saudi Arabia
- Further, Italian pharmacy distributors began rolling out SWISSWELL and Well fully initiated contracting with distributors in Israel and Brazil
- The company ended the period with $29,000 in total available funding, representing 0.03 quarters of use and it plans to maintain “strict control” of spending and may seek funding options
- Company shares are down 4.55 per cent and trading at 2.1 cents at 2:53 pm AEDT
