Australian-based Cannim has reached an agreement for an all-scrip merger with privately owned Canadian cultivator Medisun.

The merged group will continue under the Cannim name and remain headquartered in Sydney, Australia. It is projecting pro-forma revenue of A$12 million for Q4 2021, representing annualised revenue post-merger of around $48 million.

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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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