Candor Medical, founded in 2022 by Joel and Dr. Lisa Beckett, has quickly grown into a leading Australian medicinal cannabis telehealth provider, facilitating prescriptions for approximately 15,000 patients annually and generating nearly $30 million in annual medication purchases through pharmacies.
Vitura Health Limited, a digital health platform revolutionizing medicinal cannabis access, acquired Candor Medical to expand its patient base and telehealth services, enhancing its market position and revenue growth. This acquisition aligns with Vitura’s strategy to develop an integrated patient-first healthcare ecosystem.
Rouse Lawyers represented the shareholders of Candor Medical throughout the transaction, including negotiating the share purchase agreement and other transaction documents.
