Administrators for Bod Science have recommended a proposed deed of company arrangement (DOCA) under which Biortica Agrimed would acquire the firm and achieve a backdoor listing on the Australian Securities Exchange (ASX), as exclusively revealed by Cannabiz last week.

Under the terms of the DOCA, Biortica has agreed to contribute A$380,000 to a deed fund and a proposal by which, ultimately, Bod will acquire the issued share capital in Biortica in consideration for the issue of shares in Bod to Biortica shareholders and noteholders, although not as part of the DOCA process.

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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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