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.
Three local companies have secured work across the state, with Kerman Contracting, Adco Constructions and WestStar Industrial all announcing recent contract wins.
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.
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.
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.
Recent rainfall experienced across the state has lifted the outlook of Western Australian farmers, following one of the hottest and driest autumns on record.
Several major agricultural irrigation projects are moving forward in the state’s north, with Pardoo Beef Corporation and Argyle Cattle Company among the proponents.
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.
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.
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.
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.
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.
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.
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.
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.
Milk production in Western Australia has recovered to levels approaching those before the industry’s deregulation nearly two decades ago, a recent report has found, while the number of milk-producing farms in the state has fallen significantly.
