• Gold Coast OfficeLevel 7, 33 Elkhorn Avenue, Surfers Paradise, QLD, 4217
  • Sydney OfficeLevel 18, Australia Square Tower Building, 264 George Street, Sydney, NSW, 2000
Dragonfly Award Winning CBD Range
Wholesale & RetailRegister Interest
Dragonfly CBD

Dragonfly Biosciences

Australia Health & Wellness


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.


Anxiety around COVID-19, compounded with the pressures of general life has lead to increased rates of sleep and mental health problems.

In addition, the associated harms of prolonged opioid use for the treatment of chronic pain can have serious health implications. Research has shown that chronic pain can be managed safely with alternative plant treatments.

The global opioids market size is estimated to reach $29.4 billion USD ($43.6 billion AUD) by 2026, expanding at a compounded annual growth rate (CAGR) of 1.8%. The rising prevalence of disease conditions with chronic pain, such as cancer, lower back pain, arthritis and fibromyalgia, is driving the opioids market.

Internationally, chronic pain has been found to be a very expensive condition. The total financial costs of chronic pain in the US were $635 billion, compared to heart disease ($309 billion), cancer ($243 billion) and diabetes ($188 billion).

Locally, 3.24 million Australians were living with chronic pain in 2018 of which 53.8% are women and 68.3% of working age. Estimates of the economic burden on society do not do justice to the reduced quality of life experienced by those suffering from chronic pain.


CBD oil can be used as a natural alternative to opioids as it tends to benefit patients experiencing chronic pain, anxiety, insomnia, arthritis and inflammatory issues. The legalisation in Australia of over-the-counter CBD oils creates a new opportunity for consumers to avoid prescription-based medications.

“Previously, they’ve had to go to a GP and they’ve had to talk to the GP about what they’re trying to treat, and then the GP has had to get special permission in order for them to be able to access a prescription.” – Cassandra Hunt, managing director of cannabis industry consultancy, Fresh Leaf Analytics. This has now created ease of access for consumers to access the benefits that CBD oils have to offer.

Dragonfly is passionate about bringing positive social change with a focus on chronic diseases and conditions worldwide.

A key goal is to tackle pain and mental health industries with alternative plant-based CBD oil medicines and therapies. Their vision is to provide consumers with high-quality, affordable and trusted CBD wellness products by providing the entire production chain, from seed to shelf.


In terms of market growth and taking into consideration the legalisation of cannabidiol products worldwide, CBD-based products are anticipated to witness rapid growth due to increasing demand from the pharmaceutical sector and rising awareness among consumers regarding health.

“The CBD oil market is poised to grow by USD $3.52 billion during 2020-2024 progressing at a CAGR of over 32% during the forecast period”. – Yahoo Finance

“The global cannabidiol market size was valued at USD $2.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.2% from 2021 to 2028” – Grandview Research

A positive impact on the demand for CBD products in the pharmaceutical sector is expected from the legalisation of medicinal cannabis and increasing disposable incomes among consumers. Dragonfly Biosciences has already established its ability to meet market demand, having recently settled a series of European retail deals, including distribution through in well-trusted pharmacies. Dragonfly is Europe’s largest and leading seed-to-sale producer of CBD and cannabis-derived extracts.


In September 2020, Dragonfly signed a strategic manufacturing and distribution agreement with GaXtracts to launch Dragonfly North America LLC. The company believes there will be a resurgence in demand for health and wellness products.

GaXtracts is an Atlanta based CBD company, manufacturing CBD products under Dragonfly operating procedures and distributing these products throughout North America.

Dragonfly is already dominating the current UK market, with a significant number of retail distribution partners (including the likes of Boots, Sainsbury’s, Day Lewis and numerous other pharmacies) and bulk agreements.

Dragonfly has received awards such as:

Business Model

Dragonfly sets itself apart from competitors with full accreditation and premium branding. All products are certified in its facility and stringently tested in third-party labs, ensuring every batch is of consistently high quality.

Dragonfly tests the seeds prior to planting in their organically certified soil, with further testing of the plants during growth and at harvest. Dragonfly tests its products throughout the extraction process. Strict testing procedures guarantee dragonfly products are pure and safe.

Dragonfly’s final products are analysed by third-party laboratories. The results present microbiological profiling, testing for pesticides and heavy metals as well as cannabinoid and terpene profiling. These labs are ISO certified and can be verified.

The hemp is grown in certified organic land owned by Dragonfly, using sustainable, all-natural farming processes for healthier plants.

Existing Products

Dragonfly currently produces branded and bulk non-labelled products. Dragonfly strives to continue with its stringent research and development of its products so that they can be sold in other jurisdictions. Dragonfly’s product range includes:

Narrow Spectrum Dragonfly CBD Oil

Narrow Spectrum Dragonfly CBD oil is perfect for newcomers to the category. The Narrow Spectrum range extracts Dragonfly CBD’s organically grown Cannabis sativa L. to create a ‘super-distilled’ CBD, which is smooth in taste & consistency.

Dragonfly Narrow Spectrum is the most popular CBD oil in its range and was voted the best CBD oil by Boots UK customers.

Broad Spectrum Dragonfly CBD Oil

Derived from hand-crafted Cannabis sativa L. extract, Broad Spectrum Dragonfly CBD Oil is a close reflection of the plant’s natural complexity and is ideal for an experienced CBD oil user.

CBD Skincare Range

CBD is an anti-inflammatory and antioxidant, which aids the reduction of cell stress and damage. Whilst popular as a food supplement, CBD can also be absorbed externally through the skin, lending its wide-ranging benefits to cosmetics.

Product Distribution

These products are sold directly through the Dragonfly proprietary website shopping portal. The products are also available in several well-known retailers across the UK including Tesco, Boots Pharmacies, Sainsbury’s and Harrods.

Dragonfly products are sold in stores such as:


  • ‘Seed to shelf’ quality assurance
  • Leading CBD brand in the UK
  • Compliant with EU & UK regulations
  • THC free test certificates available on website
  • Organic cultivation (certified)
  • GMP (Good Manufacturing Practice) accredited facilities
  • Novel foods compliant, UK FSA and EFSA dossiers have been submitted
  • Wide product range to meet customers’ needs
  • Unrivalled UK retail distribution, including Boots, Tesco, Sainsbury’s, Amazon
  • International footprint established in United States, Europe, Australia and New Zealand
  • Scalable infrastructure with a large scale extraction facility

The Fine Print

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Executive Team


Company Director
Chief Executive Officer

Based in London, Regan has been with Dragonfly since 2018. He was appointed CEO in 2019.

Spearheaded new product development, delivered new UK retail listings and Dragonfly’s novel food submission. Regan is now focused on Dragonfly’s International expansion.

Regan is a Chartered Accountant with over 25 years’ commercial experience.

Previously CFO at Zone Vision Networks, VP Finance at NBCUniversal, International Channels for Global Markets.



Company Director
President & Co-Founder

Based in Sofia, as one of the founders, Radost has been with Dragonfly since the beginning in 2017.

Radost has built the Dragonfly infrastructure. Dragonfly now has an organic cultivation capacity of over 650 Hectares. Radost was instrumental in delivering the operating permits required for Dragonfly’s extraction facility.

Previously developed a series of solar farms, CEO of a highly successful TV production company and was the Head of the Legal Department at Sofia Municipality.



Company Director
Chairman & Co-Founder

A serial entrepreneur and investor in media and health-related businesses. Founded Zone Vision in 1991, which was then sold in 2007 to Liberty Media and more recently to AMC Networks Inc.


Ventsislav Dimitrov


Non-Executive Director

Mr Dimitrov is a transactional and regulatory lawyer working throughout Central & Eastern Europe. He has particular specialization and expertise in structuring and negotiating transactions and projects across the regulated sectors and his experience includes advising on internationally significant infrastructure and technology transactions. Mr Dimitrov has held senior positions in industry and private equity as an M&A partner.


Julian Karadjov


Non-Executive Director

Mr Karadjov has completed a PhD in Biology. Mr Karadjov has completed significant research in the area of “Calcium Transport and Oxidative Phosphorylation in Brain Mitochondria”, as well as related biochemical, optical and electrochemical methods. He has written two books on drugs, titled “Cannabis: Science and Politics” and “Drugs: Almost all about them”. He is also currently lecturing on different topics, including those related to CBD and other Cannabinoids. His recent research includes work on synthesis and biomedical tests of a new class of synthetic cannabinoids (not yet published) as well as the developed and patented, WO2020044343, Aromatized and Flavoured Paper Products Comprising Terpenes and Cannabinoids, For IIW Entourage Delivery Systems Ltd.


Dale Klynhout


Non-Executive Director

Mr Klynhout has 10 years’ experience in both Australian and international capital markets, structuring transactions across equities dealing, funds management and corporate finance. He has managed investments across various asset classes and investment teams across the Asia Pacific region as well as operated financial licenses in both Australia and Hong Kong jurisdictions. For the last 5 years his experience has been in transaction generation, strategic planning, and asset management for an Australian listed financial group. Dale holds a Master of Applied Finance and Diploma of Financial Planning.


Warren Goward


Non-Executive Director

Warren Goward has 18 years’ experience in financial markets, working for boutique share brokerage and investment banking firms. Warren has extensive international equity markets experience which includes 4 years in London trading European Equities, and 3.5 years in Tokyo trading Japanese equities as a Vice President within Credit Suisse’s Prime Services division.

Warren is experienced in both equity and equity derivatives; asset financing and stock lending; and has helped both private and institutional investors meet their equity trading objectives.
Warren holds a Bachelor of Commerce (Economics and Finance); is accredited to provide financial advice in the UK; Japan and Australia and has served as member of the Australian Stock Lending Association (ASLA).

Advisory Board


Associate Professor at the University of Nottingham within the Faculty of Medicine & Health sciences. Her primary research interest is the role of the Endocannabinoid system in diabetes and obesity.



UK pharmacist who received his PhD in cannabinoid medicinal chemistry from the University of Nottingham. Over 15 years’ pharma experience working in the medical, commercial, business development and strategy functions. Runs an independent pharmaceutical consultancy firm and holds Honorary Lectureship at Keele University.



More than 25 years’ of leadership experience in the pharmaceutical industry. Former Executive Vice President of Worldwide Commercial Operations at Gilead Sciences Inc. 14 years in various positions at GlaxoSmithKline (GSK). A board director at several biotech companies and a Fellow of the UK Chartered Institute of Management Accountants.

Dragonfly IPO frequently asked questions

What Stock Exchange are Dragonfly shares being listed on?

For more than six months now, Dragonfly has been working closely with its Australian advisers to transition the company to a listed investment on the Australian Securities Exchange (ASX).

Why Australia?

Australia was chosen by the Board of Dragonfly as the jurisdiction to list its securities for several reasons, namely;

1.     Australia has well developed capital markets with a deep understanding of the cannabis industry.

2.     The ASX is an open and accommodating market operator for listings in the cannabis sector.

3.     Australia has a rigorous corporate regulatory regime with many of the same protection measures available to investors in the UK.

4.     Strategically, Australia is a natural target in the Dragonfly expansion plans as the regulatory regime towards cannabis related products is viewed as ‘friendly’ and the industry is very much in its infancy there. Australia also offers a unique proximity to the most populous region in the world, Asia.

When will Dragonfly shares be listed on the ASX?

The IPO has been deferred at the request of key parties essential to a successful float.

Dragonfly and Finexia have liaised with various institutional investors who originally expressed a keen interest in the IPO. The overwhelming response from these stakeholders is to defer the IPO and review a number of key statistics in the offer, including valuation. Moreover, the current sentiment in global equities markets has further compounded the Company’s predicament, forcing the current course of action.

Dragonfly takes great pride in its high-quality CBD products and wants to offer investors this same level of quality investment in the Company. The delay of the IPO does not yet have a revised listing date but is tentatively slated for the second half of 2022. In the meantime, the Dragonfly Board has commenced a review and revision of aspects of the current IPO offer, designed to enhance value for its existing and incoming shareholders.

Register your interest at the top of the page so we can keep you up-to-date with the progress.

How do I receive my share certificate?

Share certificates are no longer issued in Australia, instead shareholders are issued with a holding statement, known as an Issuer Sponsored Holding Statement. This statement sets out all of your Dragonfly shareholding details including the name of the shareholder, amount of shares held and your shareholder holder number (SRN – securityholder reference number). Prior to the listing day on the ASX, the Company’s share register, Automic Group (www.automic.com.au) will dispatch your Issuer Sponsored Holding Statement. You will also be able to view and access your shareholding details on their website. To do this you will need to have your SRN at hand.

How can I get details on my shareholding?

You will be able to view and access your Dragonfly shareholding via the share registry’s website; www.automic.com.au

How do I buy more shares in Dragonfly before they list?

Register your interest and we will keep you updated with information about the IPO when it becomes available.

How do I buy more shares once Dragonfly is listed on the ASX?

Dragonfly shares (securities) will be traded freely on the ASX once listed. Like most global share markets, shares are traded electronically on the ASX.

How can I sell my shares once listed?

In order to sell your Dragonfly shares, in most instances, you will need to establish an account with a local Australian ASX broker. Contact the team at our lead broker, Finexia Securities and they will be more than happy to assist you.  www.finexia.com.au

Do I need a stockbroker?

You will need to set up an account with a broker, however, most Australian brokers offer online trading, so you will be able to sell your shares online and be self-directed if you chose so.

Can you refer me to Australian broker?

Contact the team at our lead broker, Finexia Securities and they will be more than happy to assist you.  www.finexia.com.au

Is there any company research I can access on Dragonfly?

As the Company is currently reviewing a number of key statistics in the offer, including valuation, we cannot provide you with specific research at this time.

When the new prospectus is released, it will contain information about Dragonfly for you to make an informed decision about your investment.

To be kept up-to-date, please register your interest at the top of the page. Alternatively, you can view the Dragonfly CBD website: dragonflycbd.com

Where can I get more details concerning the initial public offer?

Australia: Finexia Securities
[email protected] or on 1300 886 103 (+61 7 5689 4657)

UK: Dragonfly Biosciences
[email protected] or on +44 20 7111 0807


Finexia Securities Limited is the holder of AFSL No. 485760 and a subsidiary of Finexia Financial Group (ASX:FNX).

Elevator Pitch

  • ‘Seed to shelf’ quality assurance.
  • Unrivalled UK retail distribution (Boots, Tesco, Sainsbury’s, Amazon).
  • International footprint established in United States, Europe, Australia and New Zealand.
  • Scalable infrastructure (Large scale extraction facility).
  • Legalisation of over-the-counter CBD in Australia since 1st February, 2021.

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