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  • Elixinol acquires The Healthy Chef and raises capital to seek growth in the wellness products market

    Elixinol acquires The Healthy Chef and raises capital to seek growth in the wellness products market

    In an attempt to grow their overall wellness business by diversifying their brands, Elixinol Wellness (ASX: EXL) will acquire The Healthy Chef, a premium wellness brand, in a deal expected to accelerate revenue growth and strengthen their position in the clean nutrition sector. The acquisition complements Elixinol’s existing portfolio and marks a significant step towards

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  • Beston Global Food enters voluntary administration citing COVID and high interest rates

    Beston Global Food enters voluntary administration citing COVID and high interest rates

    While high interest rates may be impacting homeowners moreso when forced to sell under mortgage stress, the corporate world is not immune to these pressures which has claimed Beston Global Food Company (ASX: BFC) as the latest collapse.The food production company has entered voluntary administration, blaming a combination of post-COVID challenges, surging interest rates, and

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  • Good Drinks Australia sells gaming licenses, funds Queensland expansion

    Good Drinks Australia sells gaming licenses, funds Queensland expansion

    Flashing lights and clanking sounds—pokies is not for the faint of heart or money. Especially when it is complemented by a round of drinks at the pub. Aussie pubs often run a pokies side hustle to exploit degenerative gamblers. However some companies’ moral compasses are veering them in a different direction.  Aussie beer company Good

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  • My Food Bag CEO resigns, hints at a sign of more bad things to come

    My Food Bag CEO resigns, hints at a sign of more bad things to come

    Amid a tumultuous year, with fewer deliveries and trading challenges, meal kit home delivery service My Food Bag (ASX: MFB) CEO Kevin Bowler announced overnight that he is resigning from his position. After having joined the Company in June 2018 as its first independent CEO, Bowler took inventory of the matter in hand (think: lower

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  • End of an era as Sizzler closes doors in Australia

    End of an era as Sizzler closes doors in Australia

    Our next generation of budding leaders will miss out of one of Australia long-standing traditions linked to fast food buffets as Collins Foods (ASX: CFK) has made the difficult decision to close all off its Sizzler restaurants as a result of COVID-19.  While the brand has been under internal review since 2015 and no longer

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  • Marley Spoon secures $4m in funding from Woolworths Group

    Marley Spoon secures $4m in funding from Woolworths Group

    Food delivery service Marley Spoon (ASX: MMM) has received further commercial support, securing A$4m in funding from supermarket operator Woolworths (ASX: WOW). The subscription-based, meal-kit delivery service that currently operates throughout Australia, Europe, and the US delivers raw ingredients and cooking instructions to the door of their customers. The convenience of delivery and the variety

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