Bod Science has announced details of a placement to raise more than A$2 million alongside cost-cutting measures that will see its senior team take a pay cut.

The firm, which has been in a trading halt since last week, told the ASX it has received firm commitments to raise $2.05m under a two-tranche placement at an offer price of $0.03 cents per share.

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Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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