Medicinal cannabis grower and manufacturer Cann Group has seen sales more than double in the past year as the use of cannabinoid products take off in Australia. The company, which owns a GMP approved production facility at Mildura, Victoria (pictured), said sales revenue for the 12 months to June 2023 was an unaudited $13.5 million,…
Medicinal cannabis producer Cann Group and global pharmaceutical firm GlaxoSmithKline are progressing negotiations relating to the commercialisation of Cann’s Satipharm CBD capsules. Cann Group, which operates a major cannabis growing and processing centre at Mildura, Victoria (pictured) announced it was in negotiation with GlaxoSmithKline’s Australian arm Haleon. The negotiations involve an exclusive agreement covering distribution…
Medicinal cannabis producer Cann Group has been hit by a cyber scam that ended up costing the company $3.6 million. The Victorian company discovered the cyber security incident on February 4 but has been unable to determine the party responsible. Cann Group told investors it had recently made payments of $3.6 million to an overseas…
THC beverages manufacturer Althea Group Holdings (AGH) has sold off its Althea Company pharmaceutical subsidiary to medicinal cannabis producer Tasmanian Botanics to focus on US expansion.
Australian medicinal cannabis producer ECS Botanics is taking its expansion plans global after securing a significant funding boost from one of Australia’s biggest banks. The Victorian-based cultivator announced on Monday it had increased its National Australia Bank loan facility by $2 million to a total of $5.2 million, while also securing an additional $400,000 for…
It is probably “quite a surprise to Australian manufacturers to find themselves as the centrepiece industry” the Ai Group has commented ahead of next week’s federal budget, though skills shortages continue to hold the industry back. In a research note published by the employer organisation this week, it takes stock of the manufacturing industry’s performance…
3D mapping technology designed by CSIRO has reached the International Space Station, following a launch from Cape Canaveral Space Force Station last week, the nation’s scientific agency has announced. According to a statement from CSIRO on Monday, astronauts on the ISS will fit the device onto NASA’s Astrobee robotic platform. Dr Marc Elmouttie, a CSIRO…
Drone detection and countermeasure company DroneShield has announced that one of its key products has been integrated into defence prime contractor Lockheed Martin Australia’s Agile Shield battlefield management programme. The incorporation of the company’s DroneCannon Mk2 wide area non-kinetic effector (pictured) was announced as part of a collaboration with LMA’s Science, Technology, Engineering, Leadership and…
By Susanne Becken, Griffith University; Brendan Mackey, Griffith University, and David Simon Lee, Manchester Metropolitan University The global airline industry is fast recovering from the unprecedented pause to flying imposed by COVID-19. In some parts of the world, such as the Middle East, airlines are even expanding rapidly – well beyond pre-pandemic levels. But how…
The nation’s peak industry bodies have welcomed the Federal budget’s initiatives but said it does not go far enough in addressing Australia’s structural productivity problems. The Ai Group, Business Council of Australia, and the Australian Chamber of Commerce and Industry have warned that while the budget is a positive first step it did not act…