Martin Lane

1 week ago | cannabiz.com.au | Martin Lane |Steve Jones

Althea Group Holdings (AGH) is selling its pharmaceutical assets to Tasmanian Botanics for A$1 million in a deal that will involve a revenue-sharing arrangement on residual inventory sales. Althea said the transaction “relates solely to the Althea trademarks, brand, goodwill, website, phone number, and pharmacy/prescriber data of the pharmaceutical division”.

1 week ago | cannabiz.com.au | Martin Lane |Steve Jones

Althea Group Holdings (AGH) has signed a binding term sheet to sell its pharmaceutical assets to Tasmanian Botanics for A$1 million, plus a revenue-sharing arrangement on residual inventory sales. AGH flagged a potential sale of the division as part of a “comprehensive strategic review” in a quarterly update to the ASX last week.

1 week ago | cannabiz.com.au | Martin Lane |Steve Jones

Althea Group Holdings (AGH) has signed a binding term sheet to sell its pharmaceutical assets to Tasmanian Botanics for A$1 million, plus a revenue-sharing arrangement on residual inventory sales. AGH flagged a potential sale of the division as part of a “comprehensive strategic review” in a quarterly update to the ASX last week.

1 week ago | cannabiz.com.au | Martin Lane |Steve Jones

Montu has set up a telehealth sector working group chaired by former federal health minister Greg Hunt “to help shape shared principles for high-quality virtual care in Australia”. The group, which held its inaugural meeting last month, will develop governance standards and a 10-year roadmap “that can underpin a safe, inclusive, and sustainable virtual care system”, Montu said. The growth of telehealth has been broadly welcomed in recent years, given its ability to make healthcare more accessible.

2 weeks ago | cannabiz.com.au | Martin Lane

Little Green Pharma (LGP) has already recouped its outlay on Health House with the distribution business generating A$800,000 in sales in the two months post acquisition. LGP acquired Health House from Melodiol Global Health earlier this year for just $375,000 in cash, while absorbing an estimated $350,000 of its liabilities. The company said the integration of Health House was “currently underway and ahead of schedule” with the majority of its customers retained.