Victorian opposition leader: assistance needed to seize “rare opportunity to bring manufacturing back”

Victorian opposition leader Michael O’Brien has proposed that the state regrow its manufacturing sector through a new $1 billion fund. O’Brien said Victoria had lost 50,000 jobs in the industry over the last two decades, and that the Covid-19 pandemic had exposed the weakness of its supply chains. “This is a rare opportunity to bring manufacturing…

More SMEs raise new equity as Covid bites

SME manufacturers are joining the rush to equity markets to help shore up their finances as the Covid-19 pandemic clouds the economic future. Keytone Dairy Corporation is the latest to announce a capital raising on the Australian exchange, succeeding in raising $12.5 million through a share placement with sophisticated investors. New shares are to be…

THC Global buys cannabis clinic network

Farm to pharmaceutical cannabis group THC Global has bought Tetra Health, a leading Australian clinic network giving it access to a potential 10,000 patients. The company, which operates two growing facilities and a pharmaceuticals biomanufacturing facility (pictured), bought Tetra for an undisclosed sum Tetra comprises 600 referring physicians, 30 prescribing physicians and a national network…