Elixinol restructures board ahead of international push

Elixinol restructures board ahead of international push

There's been a reshuffle at the top of Australia's largest cannabis company. Elixinol Global (ASX: EXL) has announced changes to both its executive team and board ahead of a crucial period of expansion. Stratos Karousos has taken the reigns as CEO, replacing co-founder Paul Benhaim (pictured) who will transition to the role of...

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The Gold Coast Airport redevelopment leaves the ground

The Gold Coast Airport redevelopment leaves the ground

A $500 million redevelopment project of the Gold Coast Airport is taking off this week. The project will double the footprint of the existing terminal, delivering aerobridges, additional retail space, a new departure lounge, baggage handling and border control facilities. The new terminal is expected to be open for businesses mid-2021...

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Elders to acquire 340-store rural chain for $157 million

Elders to acquire 340-store rural chain for $157 million

In a move to grow its independent retail presence, agribusiness giant Elders (ASX: ELD) has entered an agreement to buy Australian Independent Rural Retailers (AIRR). Elders will buy AIRR for a cash-scrip consideration of $10.85 per share, valuing the rural merchandise, pet and produce chain at $157 million on an equity basis. AIRR...

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Myriota the first locals to sign with the Australian Space Agency

Myriota the first locals to sign with the Australian Space Agency

Space and technology startup Myriota is the first Australian company to sign with the Australian Space Agency (ASA) as a strategic partner. The Adelaide-based company, residing in the new Lot Fourteen startup precinct, is the first Australian startup to partner with ASA, joining international giants like Boeing who signed an agreement wit...

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AMP Life sale shot down by NZ Reserve Bank

AMP Life sale shot down by NZ Reserve Bank

It was expected to be a potential $3.3 billion cash injection, but now AMP's wealth protection and mature businesses portfolio is looking more like a dead weight. The financial services provider announced the intended sale of AMP Life to New Zealand-based Resolution Life is "highly unlikely to proceed" as planned, due to cha...

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