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…

Lithium looks to recycling as fertiliser additive

New materials developer Lithium Australia has completed short duration glasshouse testing of fertilisers with added micro-nutrients derived from recycled alkaline batteries. The Perth company reported plant uptake of zinc and manganese was in line with expectations for oxide materials. More than 6,000 tonnes of alkaline batteries are consumed nationally each year, with 97 per cent…

Anthony Albanese calls for a revival in manufacturing – in his own words

Opposition leader Anthony Albanese delivered an address from Canberra today where he called for a revival in manufacturing, and greater investment in learning and education, technology, people and infrastructure. Here are his key messages in his own wrds. Anthony Albanese on manufacturing: “We must revitalise high value Australian manufacturing using our clean energy resources. With…