Vitura Health's Services Agreement Termination with Code4 Cannabis

Vitura Health Limited (ASX: $VIT) has received confirmation from Code4 Cannabis Pty. Ltd. (C4C) of its intention to terminate its Services Agreement with Vitura's wholly-owned subsidiary Canview Pty. Ltd. (Canview), effective from 29 April 2024. The termination follows C4C's decision not to extend the Services Agreement beyond its expiry date of 10 August 2024, leading Vitura to exercise a 15-month transitional period until 10 November 2025. Vitura and Canview have initiated legal proceedings to restrain C4C from withholding services, with the case set to be heard in the Supreme Court of Queensland in Brisbane on Friday, 26 April 2024. The potential cessation of services by C4C may result in a significant disruption to Vitura's operations, prompting the company to implement business continuity plans.

Executive Commentary on Services Agreement Termination

Vitura Health Limited is currently facing the challenge of addressing the termination of the Services Agreement with Code4 Cannabis Pty. Ltd. While legal proceedings have been initiated to prevent the withholding of services, the potential disruption to our operations is a matter of concern. We are committed to keeping the market informed in line with our continuous disclosure obligations as we navigate through this situation.

Summary of Services Agreement Termination and Outlook

Vitura Health Limited (ASX: $VIT) has encountered the termination of its Services Agreement with Code4 Cannabis Pty. Ltd., leading to the initiation of legal proceedings to prevent service withholding. The company acknowledges the potential material disruption to its operations and emphasizes its commitment to keeping the market updated. As Vitura addresses the challenges posed by the termination, it remains focused on fulfilling its continuous disclosure obligations and maintaining transparency with stakeholders.