Ecofibre has agreed to sell its hemp food and animal products business Ananda Food to Elixinol Wellness for A$3 million.

A cash payment of $2m will be due on completion of the deal, expected in late March, while a $1m earnout will be subject to the value of cat litter product sales between April 1 2024 and June 30 2025.

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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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