Little Green Pharma jumps into distribution with acquisition

The Market Herald2024-12-20

Little Green Pharma Ltd (ASX:LGP) has today entered a binding letter of intent (LOI) to acquire HH Pty Ltd, an Australia-focused medicinal cannabis distribution business, from a company with which it ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492459950?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-20 10:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492459950","market":"us","top_or_hot":-1,"title":"Little Green Pharma jumps into distribution with acquisition","media":"The Market Herald","content":"<div>\n<p>Little Green Pharma Ltd (ASX:LGP) has today entered a binding letter of intent (LOI) to acquire HH Pty Ltd, an Australia-focused medicinal cannabis distribution business, from a company with which it ...</p>\n\n<a href=\"https://themarketonline.com.au/little-green-pharma-jumps-into-distribution-with-acquisition-2024-12-20/\">Source Link</a>\n\n</div>\n","source":"markerherald_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Little Green Pharma jumps into distribution with acquisition</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLittle Green Pharma jumps into distribution with acquisition\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 10:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/little-green-pharma-jumps-into-distribution-with-acquisition-2024-12-20/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Little Green Pharma Ltd (ASX:LGP) has today entered a binding letter of intent (LOI) to acquire HH Pty Ltd, an Australia-focused medicinal cannabis distribution business, from a company with which it ...</p>\n\n<a href=\"https://themarketonline.com.au/little-green-pharma-jumps-into-distribution-with-acquisition-2024-12-20/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://themarketonline.com.au/little-green-pharma-jumps-into-distribution-with-acquisition-2024-12-20/","article_id":"2492459950","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492459950","pubTimestamp":1734662760,"columns":[],"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"Little Green Pharma Ltd  has today entered a binding letter of intent  to acquire HH Pty Ltd, an Australia-focused medicinal cannabis distribution business, from a company with which it has been partnered since 2019.The acquisition – to be made for a purchase price of $1.25 million – reflects LGP’s business strategy of building a portfolio of sustainable medicinal cannabis companies, with this one particularly attractive given an annual revenue of around $7.5 million.LGP has been offered an exclusivity period until January 31, 2025, to complete due diligence and finalise the terms for acquiring 100% of the issued shares in Health House on a fully diluted basis.It will pay the seller – Health House Australia – a non-refundable deposit of $50,000 plus a refundable deposit of $25,000, with to be applied to the final acquisition price.The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own res","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Little Green Pharma通过收购进军分销领域","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LGP.AU":1,"XAO.AU":0.85,"XJO.AU":0.85,"XKO.AU":0.85},"content_text":"Little Green Pharma Ltd (ASX:LGP) has today entered a binding letter of intent (LOI) to acquire HH Pty Ltd, an Australia-focused medicinal cannabis distribution business, from a company with which it has been partnered since 2019.\nThe acquisition – to be made for a purchase price of $1.25 million – reflects LGP’s business strategy of building a portfolio of sustainable medicinal cannabis companies, with this one particularly attractive given an annual revenue of around $7.5 million. \nLGP has been offered an exclusivity period until January 31, 2025, to complete due diligence and finalise the terms for acquiring 100% of the issued shares in Health House on a fully diluted basis.\nIt will pay the seller – Health House Australia – a non-refundable deposit of $50,000 plus a refundable deposit of $25,000, with to be applied to the final acquisition price.\nVertical integration is the key concept with this transaction, with LGP believing it will boost its operational flexibility, and further strengthen its leadership position in the Australian medicinal cannabis sector.\nAt 13:36 AEDT, LGP shares were trading at 13 cents – a rise of 4% since market open.\nJoin the discussion: See what HotCopper users are saying about Little Green Pharma and be part of the conversations that move the markets.\nThe material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492459950"}