Global hemp manufacturer frustrated in Australia

The Australian-listed company that brought you the hemp burger remains frustrated in Australia despite being close to its goal of profitability internationally, according to the company. Elixinol Global (ASX: EXL), listed in Australia with a market capitalisation of $632 million but headquartered in the United States, just reported revenue of $11.7 million for the first…

Carnegie snatches victory from jaws of defeat

Perth wave energy developer, Carnegie Clean Energy (ASX: CCE) appears to have avoided oblivion after creditors approved a restructuring and recapitalisation plan to save the business. The plan, developed by KordaMentha Restructuring acting as administrators of Carnegie, will see secured creditors swapping debt for equity and the raising of $5 million. Unsecured creditors will likely…

CSR secures new Queensland gas supply

Building products manufacturer CSR (ASX: CSR) has secured the first domestic gas supply deal from Queensland’s new Project Atlas natural gas development. The contract, with Atlas’ developer Senex Energy (ASX: SXY), will secure 260 jobs and production at three CSR factories making PGH bricks, Gyprock plasterboard and Bradford insulation. Under the initial three year agreement,…