Smiles Inclusive investors call for EGM to overthrow board

Smiles Inclusive investors call for EGM to overthrow board

With shares suspended since March and its founder believing it would take a miracle for the company to survive, dental group Smiles Inclusive (ASX: SIL) faces a potential revolt from disgruntled shareholders and partners.  Dentists Dr John Camacho and Dr Arthur Walsh have long been vocal opponents of the Smiles management, ...

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Alliance Aviation flying high on $111m fleet boost

Alliance Aviation flying high on $111m fleet boost

While most airlines have been flailing since the outbreak of COVID-19, Alliance Aviation Services (ASX: AQZ) has floated on cloud nine thanks to resource sector exposure and government support to bolster tourism. That momentum has continued today with the announcement of a US$79.4 million (AUD$111.16 million) fleet acquisition package wit...

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Ecofibre gives Hemp Black a boost with $59m US acquisition

Ecofibre gives Hemp Black a boost with $59m US acquisition

Australia's largest listed medicinal cannabis company Ecofibre (ASX: EOF) will acquire a portfolio of high-performance textile businesses and assets in what has been described by CEO Eric Wang as an "incredibly important strategic move" to accelerate the growth of Hemp Black. While most of Ecofibre's revenue co...

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Temple & Webster earnings up five-fold

Temple & Webster earnings up five-fold

Online furniture retailer Temple & Webster (ASX: TPW) has played into the surge of online shopping during COVID-19 lockdowns to report major revenue and earnings growth for FY20. Announcing its pre-audited results today, the company saw full-year revenue rise by 74 per cent year-on-year to $176.3 million. In addition, EBITDA was u...

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Metcash to acquire majority of Total Tools for $57m

Metcash to acquire majority of Total Tools for $57m

Wholesale distributor and retailer Metcash (ASX: MTS) hopes to expand its presence in the professional tool segment by entering into an agreement to acquire 70 per cent of Total Tools for $57 million. If approved by the Australian Competition and Consumer Commission (ACCC), the deal would see Metcash hold a controlling interest in Total T...

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Elixinol secures foothold in Australian market with PharmaCann agreement

Elixinol secures foothold in Australian market with PharmaCann agreement

Elixinol (ASX: EXL) will finally be able to sell its CBD products in Australia after penning an exclusive distribution agreement with licenced wholesaler PharmaCann. Under the agreement PharmaCann will import and supply Elixinol's branded CBD products into Australia from the US, opening the company up to a brand new market. "...

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Jennifer Hawkins the new brand ambassador at Bubs Australia

Jennifer Hawkins the new brand ambassador at Bubs Australia

TV presenter, model and entrepreneur Jennifer Hawkins will be the new face of goat's milk formula company Bubs Australia (ASX: BUB), which today reported a 32 per cent rise in revenue to $62 million in FY20. Pantry stockpiling in the third quarter meant fourth quarter sales fell slightly lower for the company, but management is upbeat...

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ACCC takes Google to court over personal data use

ACCC takes Google to court over personal data use

As Google prepares to face the US House Judiciary Antitrust Subcommittee along with other tech giants, the online search and advertising behemoth has a new legal challenge to contend with on the other side of the world here in Australia. The Australian Competition and Consumer Commission (ACCC) has launched legal proceedings in the F...

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City Chic Collective to raise $90m for Catherines acquisition

City Chic Collective to raise $90m for Catherines acquisition

Omni-channel retailer City Chic Collective (ASX: CCX) is raising $90 million for the potential acquisition of the e-commerce assets of a US plus-sized fashion brand. The company has been selected as a bidder for the acquisition of the e-commerce assets of Catherines, a US-based retailer that has recently filed for Chapter 11 Bankruptcy. ...

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Provenir mobile abattoir granted licence to operate in Victoria

Provenir mobile abattoir granted licence to operate in Victoria

Provenir has secured a licence from the Victorian Food Safety Authority to operate its mobile abattoir in the state, allowing the company to branch out from New South Wales. The company, which launched in 2019 after receiving the go-ahead from the NSW Food Authority, will now be able to operate the first and only mobile abattoir in V...

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Zelira partners with US research centre to treat symptoms of diabetes complications

Zelira partners with US research centre to treat symptoms of diabetes complications

Zelira (ASX: ZLD) has partnered with US-based Cardiovascular Solutions of Central Mississippi (CVSCM) to develop and commercialise CBD and hemp products to target symptoms associated with Peripheral Arterial Disease (PAD) and Diabetic Neuropathies (DPN). Under the agreement, Zelira will grant an exclusive licence to CVSCM to manufacture, ...

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Viva Leisure to acquire Plus Fitness franchisor for $18m

Viva Leisure to acquire Plus Fitness franchisor for $18m

Viva Leisure expects a new deal will make it the fourth-largest fitness group in Australia by number of clubs, and the third-largest in member numbers.  Earlier this week industry body Fitness Australia reported 60 per cent of gym businesses claimed they would go out of business without JobKeeper, but an acquisition announcement toda...

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Downer to raise $400m, mulls exit from Spotless hospitality business

Downer to raise $400m, mulls exit from Spotless hospitality business

Almost three years after acquiring an 88 per cent share in Spotless Group for $1.3 billion, Downer EDI (ASX: DOW) plans to buy all remaining shares in the company while selling off some of its divisions. Amidst a planned $400 million equity raising at a 12 per cent discount at $3.75 per share, Downer is cleaning up shop and cons...

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Bauer Media Australia shuts down eight titles

Bauer Media Australia shuts down eight titles

Eight major titles under the Bauer Media Australia umbrella will be shut down due to the ongoing impact of COVID-19 on the company's advertising revenues. The titles to be closed were temporarily paused in May and include Harper's BAZAAR, ELLE, InStyle, Men's Health, Women's Health, Good Health, NW, and OK!. Today'...

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Kogan sales still skyrocketing four years after ASX listing

Kogan sales still skyrocketing four years after ASX listing

E-commerce giant Kogan (ASX: KGN) has seen sales nearly double during the fourth quarter, four years on from the company's debut on the ASX. The company's gross sales hit $94 million in June, with the company bagging $17 million in profit during the month. Comparing the fourth quarter of this financial year to 4Q19 gross sales...

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CannPal breakthrough as treatment alleviates dermatitis in dogs

CannPal breakthrough as treatment alleviates dermatitis in dogs

Pet pharmaceuticals company CannPal (ASX: CP1) is in advanced discussions with commercialisation partners for its oral nutraceutical DermaCann, which has demonstrated reduced skin inflammation for dogs with atopic dermatitis. The company has today announced the completion of its safety and efficacy study for DermaCann - one of three ...

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Majority stake in BCT puts MyFiziq one step closer to NASDAQ listing

Majority stake in BCT puts MyFiziq one step closer to NASDAQ listing

The following article is sponsored content in partnership with MyFiziq. Business News Australia does not give financial advice. MyFiziq (ASX: MYQ) will increase its shareholding in Body Composition Technologies Pte Ltd (BCT) by taking a majority stake of 54.5 per cent in the company. MyFiziq has developed and patented a proprietary di...

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Flexigroup humming as an Afterpay for large transactions

Flexigroup humming as an Afterpay for large transactions

A record number of e-commerce and instore integrations have led Flexigroup's (ASX: FXL) buy-now pay-later (BNPL) platform Humm to grow significantly during the fourth quarter. The payments solution, designed for larger transactions of up to $30,000 in the retail, health and services spaces, saw total transaction growth of 447 per cent...

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Little Green Pharma facility gets the go-ahead

Little Green Pharma facility gets the go-ahead

The Office of Drug Control (ODC) has given the green light to an expanded cultivation facility in Western Australia that can produce 110,000 bottles of medicinal cannabis oil each year. Little Green Pharma (ASX: LGP) completed the facility in March to lift its production capacity 10-fold, including nine flowering rooms with auto...

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Cann Group to raise $24m, Mildura expansion funding still in limbo

Cann Group to raise $24m, Mildura expansion funding still in limbo

One of Australia's leading cannabis companies is issuing new shares at a 51.2 per cent discount to raise $24.3 million for working capital. Cann Group, which was the nation's first to receive medicinal cannabis production and research licenses, will raise capital at 40 cents per share including a $14.3 million placement that has a...

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