BUZZ-Australia's Vitura Health rises on acquisition of medicinal cannabis clinic business

Reuters
02/12
BUZZ-Australia's Vitura Health rises on acquisition of medicinal cannabis clinic business

** Shares of Vitura Health Ltd VIT.AX rise as much as 7.6% to A$0.085, their highest since January 22

** Healthcare software co says it will acquire cannabis clinic business Candor Medical for A$5.9 million ($3.71 million)

** Co says it will fund the acquisition via share placement at A$0.06912 apiece

** Co anticipates increase in earnings per share from acquisition

** About 579,000 shares change hands, vs the 30-day average of around 257,000 shares

** Stock down 1.2% YTD, including session's moves

($1 = 1.5891 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.shaikh@thomsonreuters.com))

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