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Vitura Expands Medicinal Cannabis Reach with $5.9M Candor Acquisition
9:08am on Wednesday 12th of February, 2025 AEDT
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Healthcare
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Vitura Expands Medicinal Cannabis Reach with $5.9M Candor Acquisition
9:08am on Wednesday 12th of February, 2025 AEDT
Key Points
Acquisition of Candor Medical for $5.9 million
Candor serves approximately 15,000 active patients with $30 million in annual medication sales
Candor's FY2024 EBITDA exceeded $1 million, with H1 FY2025 EBITDA surpassing $1 million
Deal funded via private placement to investor Professor Khalil Shahin AO
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