The developer of the CanView platform used by ASX-listed Vitura Health has decided to withdraw its technology from the company following questions raised about its conduct.
Brisbane-based Code4 Cannabis (C4C) informed Vitura that it will not be renewing its licensing agreement when the current contract expires in August.
Vitura is now exploring the possibility of acquiring the technology provider, a move it says is permitted under the terms of the Services Agreement between the two companies.
The company will also invoke a clause allowing it to continue exclusively licensing C4C's software for a 15-month transition period beyond August, running through to November 2025.
The circumstances of the breakdown remain largely unclear, though they stem from concerns Vitura raised about what it described as C4C's "conduct."
A company statement indicated that Vitura had raised a "number of issues" with the software developer, without specifying the nature of those issues or the conduct in question.
The dispute is understood to have been the direct trigger for C4C's decision to walk away.
"Code4 Cannabis has notified… CanView that C4C does not intend to extend the Services Agreement pursuant to which Vitura exclusively licences software used as part of the CanView platform beyond its expiry date of 10 August 2024," Vitura told the ASX.
Alongside invoking the extended transition period — which will keep the two companies working together until late 2025 — Vitura said it will "assess its options with respect to the CanView ecosystem, which may include implementing alternate software prior to November 2025 or exercising its option under the Services Agreement to acquire C4C".
Vitura also noted that under the agreement, C4C is prohibited from licensing the software to any third party for 12 months after the transition period ends, meaning that restriction remains in place until November 2026.
Both companies have said little publicly about the nature of the dispute.
C4C co-founder Guy Mckenzie said: "It is disappointing that we could not extend the Vitura Services Agreement past its expiry. However, we do remain open to future discussions with the leadership of the day at Vitura."
He declined to comment further.
Vitura chief executive Rodney Cocks also declined to comment.
