Ecofibre has sold its hemp food and animal products business Ananda Food to Elixinol Wellness for A$3 million. The deal includes a $2m cash payment on completion, with a $1m earnout based on cat litter product sales. Elixinol plans to raise $3.16m for the acquisition and expects to reach EBITDA breakeven by mid-CY24.
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Written by: Martin Lane
Published on February 12, 2024 at 12:34PM
Source: Cannabiz (opens in new tab)