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Agribusiness

Wammco gets $5m state loan

Sheep meat producer WAMMCO has received a $5 million loan for upgrades at its Katanning processing plant as part of the state government’s cooperative loan scheme.

Govt suspends second live export licence

The federal government has suspended the licence of a subsidiary of embattled live exporter Emanuel Exports, after the sister company sought to ship 60,000 sheep left stranded following the initial suspension.

Wide Open lists after $5m IPO

Williams-based Wide Open Agriculture has begun trading on the ASX today after the company raised $5 million via an initial public offer.

AusCann raises $33m for cannabis development

Joondalup-based medicinal cannabis hopeful AusCann Holdings has secured $33.4 million from local and North American institutions, with NYSE-listed marijuana play Canopy Growth Corporation upping its stake to 11.2 per cent.

WA contractors secure work

Three local companies have secured work across the state, with Kerman Contracting, Adco Constructions and WestStar Industrial all announcing recent contract wins.

Study cool on cannabis pain benefit

A University of New South Wales study has called for caution about the potential benefits of medicinal cannabis to relieve pain, but a Western Australian hopeful in the sector is still confident for the future of the industry.

Vasse Felix confirms Watershed purchase

Margaret River winery Vasse Felix is set to acquire the principal assets of Watershed Premium Wines, under a $20 million deal that allows Watershed’s cellar door and restaurant to continue operating under a two-year lease agreement.

Eve in $3m buy

Subiaco-based Eve Investments has purchased tea tree oil business Jenbrook in cash and scrip for about $3.4 million.

Versatile hemp plant offers growth potential

Businesses and farmers see a bright future for the hemp industry in WA following recent legislative changes, but the fledging sector needs support.

Asic launches legal action against Frank Wilson

The corporate watchdog has launched legal action in the Federal Court against former Quintis managing director Frank Wilson, alleging he failed to disclose the loss of a major contract in 2017.

Rainfall raises hope for farmers

Recent rainfall experienced across the state has lifted the outlook of Western Australian farmers, following one of the hottest and driest autumns on record.

Momentum grows for irrigation plans

Several major agricultural irrigation projects are moving forward in the state’s north, with Pardoo Beef Corporation and Argyle Cattle Company among the proponents.

Quintis offered $175m recapitalisation deal

The creditors of sandalwood company Quintis, led by US group Blackrock, have proposed injecting $175 million to take control of the business, in a deal that is likely to leave shareholders with no return.

Govt, industry at odds over livestock monitoring

An animal welfare group has been granted access to Fremantle harbour to observe livestock loading in a move that has been criticized by industry groups.

Second irrigation project gets EPA tick

A project to irrigate and run cattle on 650 hectares of pastoral land south of Broome has become the second such plan recommended for approval by the Environmental Protection Authority this year.

Quintis faces third class action

A new class action has been launched today against embattled sandalwood producer Quintis, along with its former managing director Frank Wilson and the company’s auditor EY.

Tempo secures $6m CBH contract

Tempo Australia has been awarded a $6 million contract with CBH Group to upgrade its grain handling facilities across Western Australia.

Confidence in China relationship

Australian businesses can be confident that strong personal relationships with their partners in China can help overcome any short-term problems between the governments of the two countries, according to two local business executives with close ties to the Asian powerhouse.

Brownes moves to secure supply

Brownes Dairy is chasing extra supplies for its expanded cheese factory in the state’s South West and is believed to have approached the Lactanz cooperative and two farmers who were told last year their milk wasn’t needed.

WA may still ban sheep exports in summer

The federal government has endorsed changes to the livestock export industry designed to improve animal welfare but the WA government says it may still try to ban live sheep exports to the Middle East during the northern hemisphere summer.

Govt backs barramundi farm, Warburton resigns

The $5 billion Northern Australia Infrastructure Fund has finalised its second deal, providing nearly $30 million to a barramundi farm in the Northern Territory, two weeks after chair Sharon Warburton stepped down.

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