Cann Global reports $3.5 million loss as it prepares to relist

Cann Global reports $3.5 million loss as it prepares to relist

One of Australia's top cannabis companies Cann Global (ASX: CGB) has reported a loss of $3.5 million for the first half of FY19 as the company prepares to relist on the ASX. Formerly known as Queensland Bauxite, Cann Global made the decision to rename and become a medicinal cannabis business exclusively in January this year. Since...

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Australians prefer human connection over emerging technologies

Australians prefer human connection over emerging technologies

No matter how helpful technology is becoming Australians are choosing to stick with their fellow humans over emerging technologies. Unlike our regional neighbours Hong Kong and Singapore, Australia has been characterised as 'losing momentum' in the digital economy, thanks to our reluctance to have technology transform every single...

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Meet the actor who built Happy Skin Co with an influencer army

Meet the actor who built Happy Skin Co with an influencer army

In many ways, being an entrepreneur can be a lot like being an actor. Some smiles are faked, greetings forced, and handshakes reluctantly accepted. As it turns out, actors make pretty brilliant young entrepreneurs themselves. That's the career trajectory of Dylan Mullan, (pictured right) founder of at-home laser hair removal treat...

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Showpo's general manager steps down with a touching farewell

Showpo's general manager steps down with a touching farewell

The general manager of Australian online fashion retailer Showpo Alex Durkin (pictured left) has stepped down from her role to focus on a new business. Durkin says is excited about her future with her new venture but is sad to leave a company she has invested seven years of her life into. She posted a touching farewell to Showpo and f...

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Freedom Foods launches $130 million equity raise

Freedom Foods launches $130 million equity raise

Health food manufacturer Freedom Foods (ASX: FNP) has announced a $130 million equity raise to support accelerated nutritional ingredients manufacturing. Founded in 1984 and listed on the ASX in 1985, the Sydney based company plans to accelerate the development and sales of several key ingredients. Of the $130 million, $65 million wil...

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TRAVLR partners with 8common on business and leisure travel platform

TRAVLR partners with 8common on business and leisure travel platform

Listed fintech group 8common (ASX: 8CO) has tapped travel disruptors TRAVLR to assist in the development of a new business leisure platform. Called Benefits8 the employee benefits platform has been created to serve the growing business and leisure travel opportunity sector and will leverage 8common's Expense8 business unit. The Ex...

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Botanix plays the long game with cannabis skin care

Botanix plays the long game with cannabis skin care

"We're seeing the whole market move away from simply growing plants to creating products that patients and consumers can use, and I think we're at the forefront of that movement," says Botanix Pharmaceuticals CEO Matthew Callahan. Both opportunities and risks abound in the international cannabis market as countries loose...

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Brauz launches reserve in store feature with Forever New and Nike

Brauz launches reserve in store feature with Forever New and Nike

The team behind eCommerce tech startup Brauz have launched a new feature designed to drive sales in stores. The 'Reserve in Store' feature allows customers to book a time slot to try on the items they have found online in a physical retail location. Launching initially in partnership with Forever New and Retail Prodigy Group, ...

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Barua Group drops $9 million on neighbouring Clovelly homes

Barua Group drops $9 million on neighbouring Clovelly homes

Sydney-based developer Barua Group has purchased two neighbouring homes in the Sydney suburb of Clovelly for $9 million. The acquisition is a record for the area, and Barua Group intends to develop seven three-bedroom apartments on the land. The properties, which have a 12 metre development height limit, reflect a record individual un...

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Five steps to a touch system that grows sales

Five steps to a touch system that grows sales

Don't give up until you've touched prospects nine times.  Are you being unseen, unheard, unsold? A touch is any way you reach out and say "Hey, I'm out here" and US-based expert sales trainer Jack Daly says most salespeople and organisations quit at five or fewer touches. But, he says in his book Hyper S...

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EML Payments acquires UK fintech for $40.5m

EML Payments acquires UK fintech for $40.5m

EML Payments is bolting onto its growing European business with the purchase of Flex-e-Card Limited (FEC), a UK-based fintech that also operates in Ireland, Poland, Italy, Finland and the UAE. EML's European subsidiary executed a share purchase agreement on 17 May to acquire 100 per cent of FEC for £21.6 million ($40.5 million)....

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Scentre sells 50% stake in Sydney shopping centre for $575m

Scentre sells 50% stake in Sydney shopping centre for $575m

Scentre Group (ASX: SCG) has today announced it will be selling off half its stake in Sydney's Westfield Burwood shopping centre in order to pay down debt and pursue strategic goals. The deal means Perth-based Perron Group will become a 50 per cent joint venture partner after paying $575 million for its stake, representing a 4.1 per c...

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Virgin takes a $100 million nosedive

Virgin takes a $100 million nosedive

Virgin Australia (ASX: VAH) has announced an expected loss of $35.6 million at the end of FY19 this morning. The dive is expected to result from a $100 million earnings dip which the company says reflects domestic trading conditions and annual fuel and forieng exchange headwinds in excess of $160 million. This shock announcement comes...

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New LGBT influencer hub bringing authenticity back to marketing

New LGBT influencer hub bringing authenticity back to marketing

A newly launched influencer marketplace hopes to target the difficult to reach (and difficult to convince) LGBT market. Named Joocd.com ("Just Out Of Curiosity Digital"), the platform is a new home for LGBT influencers and brands that want to target the hard to market to segment. Founded by Nigel Hickey and Mark Alexander, t...

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Leaders and entrepreneurs band together to aid the homeless

Leaders and entrepreneurs band together to aid the homeless

Several of Brisbane and the Gold Coast's most inspiring business leaders will be sleeping rough for the Vinnies CEO sleepout next month to raise much needed funds that will aid the homeless. Joining the cause is ERM Power CEO Jon Stretch and Rowland CEO Geoff Rodgers, who have been named ambassadors of the event, plus Business News Au...

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VentureCrowd grows with SMSF Properties Australia acquisition

VentureCrowd grows with SMSF Properties Australia acquisition

VentureCrowd is now the largest crowdfunding platform in Australia by volume of capital raised following its acquisition of SMSF Properties Australia. The consolidated group brings together VentureCrowd, a more traditional crowdfunding platform, with SMSF, a crowdfunding model for property investment and development. The deal creates ...

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Pippa Hallas' decade of bold moves as CEO of Ella Bache

Pippa Hallas' decade of bold moves as CEO of Ella Bache

In the ten years that Pippa Hallas has been CEO of Ella Baché she has steered the iconic company through uncharted waters. While newer brands have had the advantage of youth to see them survive and thrive the beginnings of social media, the 83-year-old skincare company has had to make a complete overhaul. When Hallas took over ...

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Cannabis duo teams up off the back of export breakthrough

Cannabis duo teams up off the back of export breakthrough

It's been a morning of revelations for one of Australia's biggest cannabis players THC Global (ASX: THC). Up until now the company has been a developer of medicinal cannabis and a distributor of hydroponics equipment, but now THC is going global with a new export license approved by the Office of Drug Control. The license will...

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Nexba uncaps new record for non-tech Aussie crowdfunding

Nexba uncaps new record for non-tech Aussie crowdfunding

The founders of a naturally sugar-free drink company are figuratively fizzing with excitement after raising $6 million in a Series A Round through crowdfunding platform VentureCrowd. The milestone from Sydney-headquartered Nexba represents Australia's largest non-tech crowdfunding raise to date. Gross revenues for the group rose 1...

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Weaker market shifts guidance down a gear for AHG

Weaker market shifts guidance down a gear for AHG

Automotive Holdings Group (ASX: AHG) may see its profits fall 11 per cent on previous guidance due to issues with its retail and refrigerated logistics arms. The company, which is in the midst of a takeover bid from competitor AP Eagers (ASX: APE), today downgraded its net profit after tax (NPAT) forecast for FY19 down from $52-56 million...

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IPO pushed back for Australian Family Lawyers

IPO pushed back for Australian Family Lawyers

Offers for a backdoor listing of Melbourne-headquartered Australian Family Lawyers (AFL) have been extended by almost a month while the company undertakes discussions with the ASX. A reverse takeover of Navigator Resources (ASX: NAV) was approved by shareholders in April with expectations the IPO would raise $6.5 million by the time ...

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Short seller VGI Partners launches $75m IPO

Short seller VGI Partners launches $75m IPO

The hedge fund behind the short selling attacks on Slater & Gordon and Corporate Travel Management has launched a $75 million initial public offering (IPO). VGI Partners lodged the IPO this morning, with ordinary shares being offered under at a price of $5.50 per share, implying a market capitalisation of $369 million. The hedge f...

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CommBank remediation bill passes $2 billion mark

CommBank remediation bill passes $2 billion mark

Commonwealth Bank (ASX: CBA) has put aside $714 million for customer remediation provisions while its bottom line continues to be hammered by the aftershock of the Royal Commission. Australia's largest listed company announced today the measure would cut its net profit after tax (NPAT) for the third quarter by 28 per cent, even though...

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Consumer megatrends that will shape the future

Consumer megatrends that will shape the future

With the world economy changing as rapidly as it has of late it can be difficult to understand what's coming next. Becoming bogged down on the micro-level of your own business can often leave you unprepared or unaware of the bigger picture. According to Euromonitor International, who just released a study into the main 'megatr...

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Meet the young CEO of a leading international cyber security firm

Meet the young CEO of a leading international cyber security firm

For most people, the age of 19 usually indicates the first year of University, and the beginning of a career, perhaps an unpaid internship. For Sam Crowther (pictured), CEO of cyber security firm Kasada, 19 is the year he founded a company that would go on to become a major international player. I know, I gasped too. With cybersec...

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Australia is slipping off the global leaderboard of startup success

Australia is slipping off the global leaderboard of startup success

In 2015, 'innovation' was the word on the tips of everyone's tongues in Canberra. Now, it barely registers as a passing thought. The turn away from Australia's once world-renowned startup ecosystem is most evident in Startup Genome's Global Startup Ecosystem Report 2019. The report tanks Sydney as the 23rd best sta...

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Checkbox: the AI business solution that won't steal your job

Checkbox: the AI business solution that won't steal your job

If you're a follower of Elon Musk on Twitter you might be starting to develop a certain paranoia: artificial intelligence is coming for my job, my government, and even my planet. Once the realm of science fiction, artificial intelligence and automation is in fact very real, and very advanced in 2019. Though Musk's paranoid lat...

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TPG and Vodafone to file legal action against ACCC

TPG and Vodafone to file legal action against ACCC

Following the Australian Competition and Consumer Commission's ('ACCC') decision to oppose the $15 billion merger between Vodafone (ASX: HTA) and TPG (ASX: TPM) both telcos have committed to taking on the watchdog in court. In an ASX statement late yesterday afternoon TPG says that it intends on challenging the watchdog's ...

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ACCC opposes Vodafone and TPG merger

ACCC opposes Vodafone and TPG merger

The Australian Competition and Consumer Commission ('ACCC') has announced that it will block the merger between telecommunications giants TPG Telecom (ASX: TPM) and Vodafone (ASX: HTA), saying the merger would lessen competition.  The consumer watchdog inadvertently published a statement online this afternoon stating that the...

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The rise of boutique hotels shows no sign of slowing down

The rise of boutique hotels shows no sign of slowing down

Blame it on millennials, blame it on Instagram, or just blame it on the slow march of time but face it, giant hotel chains are out; boutique hotels are in. Over the last few years boutique hotels have made a serious business case for their existence. Struggling with the competition of Airbnb, a service that promised to offer 'besp...

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