Agersens raises $14.75 million to develop IoT agri-tech market

Melbourne agri-technology developer Agersens has raised $14.75 million to speed market penetration of its eShepherd virtual fencing system for beef and dairy cattle. The IoT-based eShepherd collar, based on technology originally developed by CSIRO, has been making waves in animal husbandry, as reported in @AuManufacturing news. Cattle wear the eShepherd collar, which includes an embedded…

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…

Cannabis production facility gets major projects status

The federal government has granted major projects status to a massive project near Toowoomba in Queensland to grow cannabis for medicinal purposes. The $450 million project being developed by Asterion Australia would establish 40 hectares of fully automated glasshouses in three stages. Industry minister, Karen Andrews said the project could ultimately support 1,000 jobs, and…