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Rachel Williamson The hold music for Hemp Foods Australia is the Banana Boat Song, set to the lyrics “me say hemp seed, tasty hemp seed is what we all need”. It’s a bit of fun for a company about to become part of Australia’s eight largest listed cannabis company. Elixinol Global (ASX:EXL) hit the market at $1.75, up 75 per cent from its $1 issue price. The company raised $20 million, giving it a pre-open market cap of $102.8 million. The business will roll together Hemp Foods, US nutraceuticals company Elixinol, and a new medicinal cannabis venture which was the spur for a long-planned IPO. The founder and CEO Paul Benhaim will retain control of 53.1 per cent of Elixinol Global, and 80.6 per cent of the register will remain in the hands of existing shareholders. Hemp, cannabis player Elixinol Global rockets 75pc on debut

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