Woolworths withdraws non-binding proposal to acquire API

SYDNEY, AUSTRALIA: Australian Pharmaceutical Industries (API) noted that Woolworths Group Limited has withdrawn its non-binding indicative proposal to acquire 100% of the shares in API announced on 2 December 2021. As announced to the market on 8 November 2021, the Scheme Implementation Deed (“SID”) with Wesfarmers Limited remains in place and is on track for…

ECS Botanics Hemp Seed Oil is on shelf in Woolworths

SYDNEY: ECS Botanics Holdings Ltd announced its Hemp Seed Oil is now on shelves in Woolworths stores nationally, following the deal signed through its distribution partner Just Foods Australia Pty Ltd (JFA) in November 2019. First cash receipts from JFA, for Woolworths stocked product, are expected during the current quarter. In addition, two varieties of…