Bod signs distribution agreement with Gold Coast cannabis group

Bod signs distribution agreement with Gold Coast cannabis group

Listed cannabis healthcare company Bod Australia (ASX: BDA) has teamed up with Burleigh Heads Cannabis (BHC) and partner company Cannabis Doctors Australia (CDA) on a distribution agreement. Under the agreement Bod will gain access to BHC's wholesale network and will be able to utilise CDA's education, support and products for its...

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Mirvac to transform Boral quarry into major Melbourne housing estate

Mirvac to transform Boral quarry into major Melbourne housing estate

Boral has tapped Mirvac to transform its Melbourne quarry into a $1 billion suburb. Mirvac will manage the urban development of the Boral-owned 171-hectare site in Wantirna South, Victoria, over a multi-decade period, including a proposed new housing community and substantial new parklands. If Mirvac receives the necessary approvals t...

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Althea riding high after receiving first UK patient prescription

Althea riding high after receiving first UK patient prescription

Shares in Althea are hitting an all-time high following the announcement that it has received its first patient prescription in the United Kingdom for medicinal cannabis. But the good news doesn't stop there the company has also received a planning permit from the Frankston City Council for the group's Australian cultivation and m...

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Struggling Smiles Inclusive to raise capital to turn company around

Struggling Smiles Inclusive to raise capital to turn company around

While the dust is settling over a prolonged leadership battle at the top of listed dental company Smiles Inclusive (ASX: SIL) the company is poised to raise $1.2 million. Smiles says the funds will go towards the group's turnaround plan and meet its working capital requirements. The offer price for the placement will be $0.14 per ...

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Atlassian to fix outdated, inefficient and combative M&A process

Atlassian to fix outdated, inefficient and combative M&A process

When a big player comes knocking wanting to buy your startup it might seem too good to be true. The wad of cash being waved in your face might prove irresistible and that's understandable; you've worked for years to get to where you are right now, and you damn well deserve that payout. But big businesses know that M&A is a...

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CEOs will sleep rough tonight to raise money for homelessness

CEOs will sleep rough tonight to raise money for homelessness

Business leaders around the country will tonight take warm clothes, their sleeping bags and sheets of cardboard to city centres in a bid to raise awareness about homelessness. The Vinnies CEO Sleepout is still about $700,000 shy of meeting last year's donations of $6.9 million and still has the goal of raising $7.1 million. The 2018 eve...

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SaaS scale-up Whispir makes ASX debut

SaaS scale-up Whispir makes ASX debut

With "on fire" growth in Southeast Asia and major customers like Disney and Virgin Australia, Melbourne-founded global cloud communications scale-up Whispir (ASX: WSP) has opened a new chapter as a public company today. Co-founder Jeromy Wells (pictured) tells Business News Australia the initial public offering (IPO) has be...

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Facebook launches crypto project but obstacles abound

Facebook launches crypto project but obstacles abound

Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, PayPal and Uber to form Libra Association, a Geneva-based entity gov...

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Can EMVision's portable brain scanner disrupt stroke treatment as we know it?

Can EMVision's portable brain scanner disrupt stroke treatment as we know it?

Studies show the brain ages by about 3.6 years for every hour that passes without appropriate treatment after a stroke. The disease is the world's second-leading killer after cancer worldwide, but to make a diagnoss for treatment the current solution comes in the form of stationary, complex and expensive imaging technologies like...

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AGL walks away from Vocus takeover

AGL walks away from Vocus takeover

AGL Energy (ASX: AGL) had four weeks to conduct its due diligence for a potential takeover of Vocus (ASX: VOC), but it only needed one. Following in the footsteps of Swedish company EQT which had pulled out of its $3.3 billion bid for the telco, AGL has determined its lower offer of $3 billion for Vocus wouldn't be worthwhile eit...

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Will Australia become Asia's 'clean green' medicinal cannabis supplier?

Will Australia become Asia's 'clean green' medicinal cannabis supplier?

From powdered milk to multivitamins to fresh fruit, Australian and New Zealand products command a health premium in Asian markets but can the medical cannabis industry leverage this 'clean green' image and follow suit?  Cann Group (ASX: CAN) CEO Peter Crock believes they will, and this was a driver for the company securing a ...

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ANZ sacks NZ chief citing "concerns" over transactions

ANZ sacks NZ chief citing "concerns" over transactions

Australia and New Zealand Banking Group (ASX: ANZ) has announced its New Zealand business CEO David Hisco (pictured) is stepping down after an internal review of his personal expenses. The board has raised concerns about the "characterisation of certain transactions" while the decision also follows ongoing health ...

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Losses deepen for McGrath but can new CFO turn the tide?

Losses deepen for McGrath but can new CFO turn the tide?

A new CFO will soon fill the void left by the departure of Glynn Wright at listed property company McGrath (ASX: MEA) in March, with Howard Herman set to start in the role on 24 June. But Herman, who was recently CFO at NASDAQ-listed Australian apparel business Naked Brand Group, will have a tough job on this hands as the c...

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Evans Dixon CEO steps aside to lead struggling US fund

Evans Dixon CEO steps aside to lead struggling US fund

Amidst falling profits and complaints over high fees and investment recommendations for its own in-house funds, financial advisory firm Evans Dixon (ASX: ED1) will see its CEO Alan Dixon (pictured) step aside to focus on the company's US residential property fund. Executive chairman David Evans will act as a temporary CEO while a...

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Afterpay faces AUSTRAC audit into anti-money laundering compliance

Afterpay faces AUSTRAC audit into anti-money laundering compliance

The Australian Transaction Reports and Analysis Centre (AUSTRAC) has ordered an audit of fintech Afterpay's (ASX: APT) after identifying concerns over compliance with financial crime legislation. The announcement prompted a 12.6 per cent drop in APT shares this morning down to $22.41. The financial intelligence agency ha...

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Emerge Gaming partners with Viacom for Nickelodeon eSports platform

Emerge Gaming partners with Viacom for Nickelodeon eSports platform

Listed gaming and eSports company Emerge Gaming (ASX: EM1) has been tasked with the development of a Nickelodeon eSports platform in partnership with Viacom International Media Networks Africa (VIMN). Called NickX, the platform is a kid-focused eSports interactive tournament platform showcasing content from Viacom's Nickelodeon brands...

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Blue Sky settles lawsuit against former directors

Blue Sky settles lawsuit against former directors

Investment firm Blue Sky has settled a lawsuit involving the alleged illegal downloading of company data. The firm, currently in receivership, says proceedings against Blue Sky Water Partners, Pinnacle Investment Management Group, Riparian Capital Partners (RCP) and former Blue Sky employees have been resolved on confidential terms. T...

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The rise and fall of Blue Sky: A timeline from ASX powerhouse to pariah

The rise and fall of Blue Sky: A timeline from ASX powerhouse to pariah

Fund manager Blue Sky Alternative Investments (ASX: BLA) ended its 7.5-year run on the ASX after going into receivership. At its peak the Brisbane-based investment firm was worth almost $1.2 billion, with capital raisings easily fulfilled and an aggressive investment strategy fuelling global interest.  During what appeared t...

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Afterpay to raise $330m for US expansion

Afterpay to raise $330m for US expansion

Shares in Australian fintech Afterpay (ASX: APT) have entered a trading halt amidst the announcement of a $330 million capital raising aimed at funding overseas expansion. In a release today, the company says its experience to date "confirms that the US scale-up opportunity is clear" and a strong growth strategy is needed to ach...

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Booktopia turns a new page after failed crowdfund attempt

Booktopia turns a new page after failed crowdfund attempt

Online bookseller Booktopia is looking for new investment sources after an ambitious crowdfunding scheme failed to achieve its minimum target. The company's offer on Equitise was due to expire in three days and would have needed investments of at least $3 million to go ahead, but had only reached commitments of $892,750. The decis...

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