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BOD Australia Ltd share price jumps on distribution agreement

The BOD Australia Ltd (ASX: BDA) share price has been a big mover during trade today.

In afternoon trade the skin care and health care products company’s shares are up over 8% to 19.5 cents.

What happened?

This morning BOD announced that it has signed a distribution agreement with the Ritchie’s Supa IGA and IGA group of stores.

Ritchies is part of the IGA group and operates 72 Supa IGA and IGA stores in Victoria, New South Wales, and Queensland.

According to the release, Ritchie’s will sell a number of BOD’s products including natural medicines Pinpoint and Flexofytol, as well as its Pommade Divine natural skincare balm, in selected stores from next month.

Whilst it is early days, management is hopeful the collaboration could lead to the wider IGA network opening up.

BOD’s shares have now gained almost 15% in the last five trading sessions.

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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