The billionaire family that founded and sold the On The Run petrol station and convenience store business for $1.15 billion is bankrolling the purchase of a medicinal cannabis firm by ASX-listed health group Vitura.
Charlie Shahin will invest $5.1 million into Vitura and become its third-largest shareholder. The funding will allow the company to acquire Candor Medical, which provides prescription treatments, including access to medicinal cannabis, through telehealth consultations.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
