Bod Australia Ltd (AU:BOD) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
BOD Science Limited has entered into a binding agreement to acquire Biortica Agrimed Ltd, marking a significant move in the cannabis-focused company’s expansion. The acquisition involves a complex restructuring that will see Biortica become a wholly owned subsidiary of BOD Science, subject to shareholder approval and compliance with ASX listing rules. This strategic backdoor listing aims to strengthen BOD Science’s position in the market, although it carries uncertainties regarding regulatory approvals.
For further insights into AU:BOD stock, check out TipRanks’ Stock Analysis page.