CannPal to file with FDA after positive and "surprising" results for cannabis pet medicine

CannPal to file with FDA after positive and "surprising" results for cannabis pet medicine

"Having the data now to actually move forward and file an INAD is definitely what we're excited about," says CannPal Animal Therapeutics (ASX: CP1) founder and managing director Layton Mills. An INAD (Investigational New Animal Drug) application in the US may not sound exciting to most, but in pharmaceutical development it s...

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Australian Young Entrepreneur Awards 2018 to acclaim the risk-takers and game-changers

Australian Young Entrepreneur Awards 2018 to acclaim the risk-takers and game-changers

Not content to rest on their laurels as the world changes around them, entrepreneurs are a forward-thinking breed for whom determination is de rigueur and risk is a reality.  As the culmination of a decade hosting Young Entrepreneur Awards and following the journeys of its participants through reportage, Business News Australia will ...

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Accenture acquires Adelaide's PrimeQ, strengthening its Oracle Cloud capabilities

Accenture acquires Adelaide's PrimeQ, strengthening its Oracle Cloud capabilities

The acquisition of PrimeQ is set to make Accenture the largest operator of Oracle Cloud systems in Australia and New Zealand. Accenture has acquired Adelaide based PrimeQ, one of the top Oracle Software service providers in the Australia and New Zealand region. As reported by the Australian Financial Review, the sale of PrimeQ is esti...

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Coincast Media cuts out the jargon, rides the blockchain wave

Coincast Media cuts out the jargon, rides the blockchain wave

While prices of cryptocurrencies like Bitcoin and Ethereum have dropped this year, fortunes have been much better for a Perth-based global news and media group specialising in the blockchain that underpins the technology. With a background in financial journalism at Bloomberg, Heidi Cuthbert (pictured) founded her digital PR agency Multip...

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P2P Transport's latest acquisition secures its leading taxi advertising position

P2P Transport's latest acquisition secures its leading taxi advertising position

Taxi and ride-share vehicle management business P2P Transport (ASX: P2P) has completed its latest acquisition, establishing the company as Australia's largest taxi advertising network. The company has acquired Nonstop Media, a national provider of "static backs" which are attached to the read of taxis and act as a platform f...

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SumoSalad back in the ring with plans for THR1VE merger

SumoSalad back in the ring with plans for THR1VE merger

Within months of struggling through the toils of voluntary administration, food chain SumoSalad looks set to merge with another company that has fallen on hard times. Led by co-founder Luke Baylis as its company director, SumoSalad has signed a heads of agreement to explore the creation of a leading "house of wellness brands&quo...

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Hey, sole sister! Synxsole springs to life with Chemist Warehouse, Amazon

Hey, sole sister! Synxsole springs to life with Chemist Warehouse, Amazon

Frustrated by orthotics that fit poorly into fashion shoes and sports boots, podiatrist Rachael Ferguson (pictured) and Marie Ishak-Lewis tackled the problem with a solution and the result was Synxsole. Ferguson says the insoles available before she co-founded the business in 2012 often weren't therapeutic, so when patients visit...

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Lottery operator Jumbo Interactive cashes in on large jackpots

Lottery operator Jumbo Interactive cashes in on large jackpots

Shares in online lottery operator Jumbo Interactive (ASX: JIN) have surged nearly eight percent after it released a trading update which forecast a rise in first half profit of more than double the previous period. The trading update for the half year to December 31, 2018, forecasts net profit after tax (NPAT) of $11.8 million which is a ...

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IOOF shares in freefall as APRA looks to ban five senior executives

IOOF shares in freefall as APRA looks to ban five senior executives

The prudential regulator has begun legal action to disqualify five senior IOOF employees from running a superannuation fund for failing to act in their members' interest, as ANZ flagged it would now reconsider its sale of its OnePath Pensions business to the wealth manager. APRA on Friday also revealed it was seeking to impose additio...

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From sheep's cheese to world's best vodka: Hartshorn Distillery hits the high-end

From sheep's cheese to world's best vodka: Hartshorn Distillery hits the high-end

When there's a will there's a way, and when there's whey there's...vodka? From the family sheep's milk farm south of Hobart, Ryan Hartshorn (pictured) has built a spirit producer that's the envy of the world. Hartshorn Distillery won top honours in the World Vodka Awards 2018 in London, while its gins are held in h...

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Former Murray Goulburn MD hit with $200k fine

Former Murray Goulburn MD hit with $200k fine

A former Murray Goulburn executive has been fined $200,000 over his involvement in the dairy group's false or misleading claims about the fixed pricing system used to forecast expected farmer payments in 2015-16.  The Federal Court approved a settlement between Murray Goulburn and the Australian Competition and Consumer...

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BOQ loses second senior executive in consecutive days

BOQ loses second senior executive in consecutive days

The Bank of Queensland (ASX: BOQ) has lost its second senior executive in as many days, with the resignation of group executive of BOQ business Brendan White. White's departure follows Wednesday's announcement that CEO Jon Sutton would stand down to focus on his long-term health after he underwent an emergency surgery for a triple...

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Zelda reaches cannabis spray deal with SUDA

Zelda reaches cannabis spray deal with SUDA

Perth-based Zelda Therapeutics (ASX: ZLD) is set to develop oral spray formulations for its cannabis medicines thanks to a deal reached with SUDA Pharmaceuticals Ltd (ASX: SUD). SUDA will apply its proprietary OroMist oromucosal spray tech for Zelda's pharmaceutical-grade formulations under a 12-month plan, as part of t...

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Snack Brands signs $400m pre-lease deal in Sydney's west

Snack Brands signs $400m pre-lease deal in Sydney's west

Iconic chip company Snack Brands has secured one of Australia's largest industrial developments of 2018 on a new state of the art 30,000 square-metre pre-lease facility in Erskine Park in Sydney. Snack Brands, whose products include CC's, Thins, Kettles and Cheezels among others, has committed to both a pre-lease facility and adja...

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National Veterinary Care continues Australian domination with new acquisitions

National Veterinary Care continues Australian domination with new acquisitions

Tomas Steenackers' (pictured) National Veterinary Care (ASX: NVL) has been picking up clinics at a rapid pace this year, and has just finalised its latest round of purchases. The veterinary clinic operator announced today that is has completed the settlement of its fourth clinic over the last month alone. This final acquisition br...

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Forget the sofa: Find comfort with online counselling

Forget the sofa: Find comfort with online counselling

Seeing a mental health professional can be a daunting experience. Never mind the sterile waiting rooms, the unfamiliar office, and the anxiety of having to ask for time off work sometimes the hardest part is finding a car park! With broadband speeds faster than ever, and with telehealth well and truly entering its prime, it might be t...

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ACCC takes on TPG for retaining millions from allegedly misleading conduct

ACCC takes on TPG for retaining millions from allegedly misleading conduct

The Australian Competition and Consumer Commission (ACCC) is hoping to secure compensation for TPG customers after the telco allegedly misled consumers about a "prepayment" fee. The ACCC alleges that TPG misled customers about a $20 "prepayment" made by consumers and that the telco included unfair prepayment contract t...

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Exclusive cannabis deal makes its mark on Impression Healthcare

Exclusive cannabis deal makes its mark on Impression Healthcare

Impression Healthcare (ASX: IHL) might be known for its work in dental impressions, but the Melbourne-based group has ambitions to become a serious medicinal cannabis player too. Following its collaboration agreement with US cannabis pharmaceutical company AXIM Biotechnologies announced in late September, the company has now secured an im...

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Emerge Gaming shares surge on deal for "Netflix of Gaming"

Emerge Gaming shares surge on deal for "Netflix of Gaming"

Shares in the eSports company Emerge Gaming (ASX: EM1) have risen 43 per cent this morning after it announced the execution of a global distribution agreement with Singapore-based Cloudzen Pte Ltd, putting it in the system of what has been dubbed the "Netflix of Gaming".  The partnership allows the group to use its int...

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Retail Food Group restructure drives out CEO

Retail Food Group restructure drives out CEO

Struggling franchise operator Retail Food Group (ASX: RFG) has wasted no time in putting the wheels in motion for a major restructuring flagged last week, with group chief executive officer Richard Hinson resigning after just six months in the job. Hinson started heading up the company's embattled Australian franchise operations in Ja...

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The Reject Shop rejects opportunistic Allensford offer

The Reject Shop rejects opportunistic Allensford offer

Following a late October share price dive The Reject Shop (ASX: TRS) has been trying to rebuild its retail business another victim of the dismal Australian retail sector. In late November, a newly incorporated company called Allensford (wholly owned by Kin Group), lobbed an "opportunistic" offer to The Reject Shop's sharehol...

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Creso to dual list on Canadian exchange

Creso to dual list on Canadian exchange

One of Australia's leading medicinal cannabis producers Creso Pharma (ASX: CPH) is set to list on the Toronto Venture Exchange (TSX-V). This move to dual list in Canada was described as a natural move for the company by Creso CEO Dr Miri Halperin Wernli considering the country recently legalised recreational cannabis. "This i...

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GrainCorp receives $2.4b takeover offer

GrainCorp receives $2.4b takeover offer

One of the country's largest agribusinesses GrainCorp (ASX: GNC) has been valued at a 42 per cent premium thanks to a takeover bid from Long-Term Asset Partners (LTAP), which is offering $10.42 per share. The non-binding, indicative proposal from the Australian outfit values Sydney-based GrainCorp at $2.4 billion, and at the time...

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Godfreys co-founder John Johnston passes away at 100

Godfreys co-founder John Johnston passes away at 100

John Johnston was described as a "driving force" behind the company's growth to become a national retail chain.  The centenarian owner of vacuum cleaner retailer Godfreys passed away last week, around five months after he and his family took back ownership of the group he co-founded almost eight decades ago. Godfrey...

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Myer receives "second strike" on remuneration

Myer receives "second strike" on remuneration

Shareholders of Myer (ASX: MYR) have delivered a "second strike" on remuneration at the company's AGM in Melbourne, with 37.49 percent of proxy votes rejecting the resolution. At perhaps the most important AGM in Myer's history, shareholders backed an aggressive and ongoing campaign from the company's biggest investo...

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Retail Food Group chairman flags asset sales, imminent "major restructuring"

Retail Food Group chairman flags asset sales, imminent "major restructuring"

The new executive chairman brought in to change Retail Food Group's (ASX: RFG) fortunes says 2019 will be "another demanding year", with asset sales and job cuts looking likely for the for the franchise operator. For Peter George, who has worked on the turnaround of companies including Optus and Asciano, RFG's woes ...

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One stop shop consultancy bags 2018 Melbourne Young Entrepreneur Award

One stop shop consultancy bags 2018 Melbourne Young Entrepreneur Award

Losing his job in the thick of the GFC turned out to be a blessing in disguise for Travis Erridge (pictured), who has gone on to co-found a succesful business and last night was crowned 2018 Melbourne Young Entrepreneur of the Year. Covering property, supply chains and project management, Erridge's consultancy TM Insight caters to a r...

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Afterpay backs increased powers for ASIC in 'buy now pay later' market

Afterpay backs increased powers for ASIC in 'buy now pay later' market

With the Australian Securities and Investments Commission (ASIC) pitch to have its intervention powers extended in the 'buy now pay later' market, one could be forgiven for thinking Afterpay Touch Group (ASX: APT) would be against the idea. Business has been booming for the Melbourne-based company led by Nicholas Molnar (pictured)...

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THC Global expands to NZ with medicinal cannabis range

THC Global expands to NZ with medicinal cannabis range

Within weeks of acquiring a Canadian cannabis growing facility, THC Global (ASX: THC) is living up to its name through international expansion into the New Zealand market. The Sydney-based group has secured exclusive rights in New Zealand to import a range medicinal cannabis products based on cannabidiol (CBD) oil extracts from Danis...

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Melbourne's Top 50 Companies revealed

Melbourne's Top 50 Companies revealed

With the Royal Banking Commission triggering shifts at the top while new entrants shake up the offering on the shelf, Melbourne's top listed companies have been a busy lot this year. With a combined market capitalisation of $648 billion these companies help drive Australia's strongest state economy, not to mention the nation and t...

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