CORUM Group has advised that
it’s paid $375,000 to Westpac
Banking Corporation, saying this is
“in full satisfaction of the senior
Debt Facility”.
It’s not clear how this reconciles
with the $468,750 outstanding
balance notified two weeks ago (PD
01 Apr), but Corum also has a
further $4.3m payment due at the
end of next month.
The company said the funds were
“sourced from operations,” and the
update didn’t give any further
information on the status of its
dispute with Westpac, which is also
requesting a termination payment.The above article was sent to subscribers in Pharmacy Daily's issue from 19 Apr 10 To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 19 Apr 10
MONTU Group, its subsidiary Alternaleaf Pty Ltd, and their common director Christopher Strauch are facing legal action by the Therapeutic Goods Administration (TGA) in the Federal Court of Australia for alleged unlawful advertising on the effectiveness of their medicinal cannabis products.
AUSTRALIA’S public hospitals are facing their lengthiest wait times on record for planned surgeries, with emergency departments struggling under access blockages, according to the latest annual Public Hospital Report Card by the Australian Medical Association (AMA).
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