Bod Australia surges on cannabis products distribution deal

Health and Happiness (H&H) International Holdings

19/07/2019 02:00

** Shares of nutritional products maker Bod Australia Ltd
 BDA.AX  jump 42.9% to A$0.50, marking their best intraday
session since Jan 2018 
    ** Co says a unit of Hong Kong-listed Health & Happiness
(H&H) International  1112.HK  will invest A$5.5 mln ($3.89 mln)
in co for an exclusive licence to commercialise Bod's
cannabis-based products  urn:newsml:reuters.com:*:nASX3CplBc
    ** H&H's unit will hold a 17.6% stake in Bod and two board
seats; H&H will market and distribute Bod's products, with co
receiving a royalty
    ** Stock hits its highest since late Feb
    ** About 3.5 mln shares traded, compared with 30-day avg of
168,900 shares
($1 = 1.4150 Australian dollars)

 ((Ambar.Warrick@thomsonreuters.com; +91-80-6749-6625; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net))