Cannaponics is targeting a listing on the Australian Securities Exchange later this year, as the cultivator moves closer to first commercial production at its Collie facility.
According to reports in the West Australian, the company has appointed stockbroking firm Morgans as lead manager and adviser for a proposed initial public offering.
It is expected to take place in the second half of 2025.
The listing push comes after Cannaponics received its cultivation and manufacturing permit from the Office of Drug Control late last year.
The first harvest from its indoor facility is slated for March or April.
Vitura Health
Vitura Health has named former Energy Queensland executive Andrew Cook as its chief financial officer, replacing Tom Howitt who formally left the business this month.
Cook has more than two decades of international finance experience with spells at Origin Energy, and SABMiller in addition to Energy Australia. He was most recently CFO and company secretary of AnteoTech Limited.
Cook will join Vitura this quarter.