Sky falls in for PharmaCielo's takeover of Creso Pharma

Sky falls in for PharmaCielo's takeover of Creso Pharma

A proposed acquisition of one of Australia's leading listed cannabis companies will not go ahead after its board heeded independent advice from BDO that the deal was "neither fair nor reasonable". Red flags were raised on Friday when Creso Pharma (ASX: CPH) announced it had intended to release an announcement about sche...

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Bubs signs deal with the largest baby retailer in Vietnam

Bubs signs deal with the largest baby retailer in Vietnam

Infant formula business Bubs (ASX: BUB) has secured placement in Vietnam's largest baby goods chain store Bibo Mart. The deal will see Bubs' products distributed to over 135 stores, predominantly located in major metropolitan areas. Placement in Bibo Mart will allow Bubs to enter the $2.2 billion Vietnamese infant nutritional ...

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Moelis Australia to make SA's largest ever retail transaction

Moelis Australia to make SA's largest ever retail transaction

In what will be South Australia's largest ever retail transaction Moelis Australia has entered into an agreement to acquire 50 per cent of Westfield Marion. The agreement will see Moelis, fully capitalised by Singapore exchange listed SPH REIT, acquire a 50 per cent interest in the Marion Shopping Centre for $670 million from Lendleas...

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Canadian giant to shake up ASX cannabis space

Canadian giant to shake up ASX cannabis space

The North American influx of medicinal cannabis companies into Australia continues with a Canadian giant listing on the ASX through a joint venture with a local company. Following a $20 million IPO, medicinal cannabis group Cronos Australia (ASX: CAU) has debuted on the ASX. The company is the Australian arm of Cronos Group, a Toronto...

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LandMark White looks to the future

LandMark White looks to the future

Listed property valuer LandMark White (ASX: LMW) was no stranger to the headlines during 2019. The company was thrust into the limelight following two cybercrime incidents, the result of which slashed company earnings and saw its business suspended by major bank clients. But at yesterday's AGM the chairman and CEO sought to p...

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NAB holds back exec bonuses in line with Big Four

NAB holds back exec bonuses in line with Big Four

Big Four bank NAB (ASX: NAB) is following in the footsteps of its peers by withholding executive bonuses. As part of the bank's FY19 report the board has determined that the executive leadership team will receive no short-term variable reward and no fixed remuneration increase for FY19. "While underlying business performance ...

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'An important milestone for the country': Cann Group to kick-start sales as first imports arrive

'An important milestone for the country': Cann Group to kick-start sales as first imports arrive

One of Australia's leading medicinal cannabis companies has all its ducks lined up in a row. Melbourne-based Cann Group (ASX: CAN) has today announced the signing of a nationwide distribution deal with healthcare services and products supplier Symbion, as well as the first arrival of a high THC oil formulation shipment from ...

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ECS Botanics shares skyrocket on Woolworths hemp oil deal

ECS Botanics shares skyrocket on Woolworths hemp oil deal

Shares in hemp food company ECS Botanics (ASX: ECS) have spiked following the announcement of a major deal with supermarket Woolworths (ASX: WOW). The deal will see ECS Botanics' 250ml Hemp Oil product distributed into 850 Woolworths stores. The reaction from the market has been swift, with shares in the hemp food company up 46.34...

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Aveo shareholders give the nod to $1.3 billion takeover

Aveo shareholders give the nod to $1.3 billion takeover

Aged care provider Aveo Group (ASX: AOG) is on track to leaving the ASX after almost 92 per cent of shareholders voted in favour of a takeover scheme from Canadian private equity behemoth Brookfield. Scrip election votes representing more than 17 per cent of shares were already in favour of the $1.3 billion deal before yesterday'...

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Zip now available on Amazon Australia as part of $69 million deal

Zip now available on Amazon Australia as part of $69 million deal

Australian millennials are ditching their credit cards in droves, and naturally retailers are gradually cottoning onto the future of commerce: buy-now pay-later (BNPL). Amazon Australia has tapped one such BNPL service provider for its first foray into the payment option. Zip (ASX: Z1P) has entered into an agreement with the ecommerce...

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Bubs goats for gold with fresh Alibaba deal

Bubs goats for gold with fresh Alibaba deal

Infant dairy formula company Bubs (ASX: BUB) is about to broaden its horizons to a wider demographic in China, with plans to target adults as potential consumers with a new range of goat dairy products.  The company has today announced a strategic agreement with Alibaba Centralised Import Procurement (CIP) in China to ...

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Bevan Slattery's SUB.CO to connect Oman and Perth with subsea cable

Bevan Slattery's SUB.CO to connect Oman and Perth with subsea cable

Subsea fibre cable infrastructure group SUB.CO is set to build the Oman Australia Cable (OAC), a new system directly connecting Muscat, Oman with Perth which will ultimately give Australia closer links and a lower latency route to Europe.  The company founded by Bevan Slattery is the only group currently building a cable of this...

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A merged AVID and Villa World is a force to be reckoned with

A merged AVID and Villa World is a force to be reckoned with

Last week AVID Property Group and Villa World tied the knot, establishing the pairing as one of the top 10 land developers in the country. The $410 million acquisition of Villa World by AVID, completed last week, will see AVID's portfolio increase from 10 to 37 projects and more than 12,000 residential lots, securing a gross revenue p...

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Vicinity divests two malls for $200 million

Vicinity divests two malls for $200 million

Shopping centre operator Vicinity Centres (ASX: VCX) has divested two malls for a total of $195.5 million. The two centres are both suburban malls, with the Mt Ommaney Centre in Queensland selling for $94.5 million while the Corio Central mall near Geelong sold for $101 million. The total $195.5 million received in the divestment of t...

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Expert360 pens $500m deal with recruitment giant Hudson

Expert360 pens $500m deal with recruitment giant Hudson

Expert360 is on track to becoming the world's biggest jobs platform for highly skilled, non-permanent professionals following a deal with recruitment giant Hudson. The marketplace and management platform for independent consultants and contractors has penned a deal with Hudson that is worth $500 million. As part of the deal, Exper...

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Wattle Health inks breakthrough JV deal with state-backed Chinese dairy company

Wattle Health inks breakthrough JV deal with state-backed Chinese dairy company

In a year marked by a freefall in its share price, infant food producer Wattle Health (ASX: WHA) has now reached a collaboration agreement with leading Chinese nutritional dairy company Nouriz. Nouriz, whose biggest shareholder is state-owned enterprise China Animal Husbandry Group (CAHG), will form an Australia-based 50/50 joint vent...

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Charter Hall property trust announces trio of acquisitions and $242 million equity raise

Charter Hall property trust announces trio of acquisitions and $242 million equity raise

Three major acquisitions and a $242 million equity raise will boost the portfolio of Charter Hall's (ASX: CHC) real estate investment trust (ASX: CLW). The trust has entered into agreements to acquire interests in two office buildings located in Melbourne and Sydney, and a Bunnings Warehouse site in Darwin. In total, the three acq...

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EMVision builds breakthrough portable brain scanner

EMVision builds breakthrough portable brain scanner

In what has been described as a medical breakthrough, med-tech EMVision (ASX: EMV) has unveiled its prototype portable brain scanner. The brain scanner has been in development for close to a decade and will allow doctors to perform scans on stroke patients from virtually any location. The machine is the size of an ultrasound unit and ...

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Entrepreneurs team up to make plastic straws a thing of the past

Entrepreneurs team up to make plastic straws a thing of the past

Two Australian competitors have come together on a mission to tackle single-use plastics. Little Green Panda and Stroh, both manufacturers of compostable, plant-based straws, have entered a joint venture to lead the plastic-free revolution. Manon Beauchamp-Tardieu's (pictured below, centre) Little Green Panda and Teresa Aylott'...

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RotoGro blazes into cannabis cultivation with Canadian acquisition

RotoGro blazes into cannabis cultivation with Canadian acquisition

RotoGro (ASX:RGI) is expanding its modus operandi with the acquisition of 51 per cent of Canadian medicinal cannabis cultivator Medicinal Compassion CanniFarms. The acquisition, worth around $7.5 million, is part of RotoGro's plans to streamline its business model, but vertically integrating a cultivator directly into the RotoGro busi...

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