Little Green Pharma to Acquire Health House for AU$375,000; Shares Up 5%

MT Newswires Live

2025/02/05

Little Green Pharma (ASX:LGP) signed a binding sale and purchase agreement to acquire HHI (Australia), owner of the Health House medicinal cannabis distribution business, for AU$375,000, according to a Wednesday filing with the Australian bourse.

The company will absorb Health House's estimated AU$350,000 net liability position once the deal is completed.

Health House's ultimate parent company, Melodiol Global Health, had listed the business for sale at AU$10.9 million in September 2024.

The acquisition is expected to close Wednesday, the filing said.

The ASX-listed medicinal cannabis company's shares rose nearly 5% in recent Wednesday trade.

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