Little Green Pharma (ASX:LGP) Acquires Health House Distribution Business
Acquisition Details
Little Green Pharma has entered into a binding sale and purchase agreement to acquire Health House, the medicinal cannabis distribution business, for an estimated $375,000. The acquisition includes all property, plant, equipment, inventory, and intellectual property.
Strategic Expansion
The purchase extends LGP’s vertical integration strategy amidst the restructuring of the Australian medicinal cannabis industry. Health House has been a distribution partner, generating approximately $7.5 million in annual revenue and achieving cashflow breakeven.
Executive Comments
CEO Paul Long stated, “This acquisition represents a significant step in strengthening our supply chain and margin capture capacity. The integration of Health House into LGP’s operations enhances our distribution portfolio and opportunities for synergies, positioning us strongly as the industry continues to consolidate.”
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