North American cannabis investment firm Ela Capital has made its first foray into Australia, taking a nearly 9% stake in ASX-listed healthcare technology company Lifespot Health.

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The move comes after a rights issue shortfall saw Ela snap up 11,329,573 Lifespot shares (around 8.6% of the company) at an issue price of seven cents, raising $793,070.

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...