AusCann Group Holdings

Altura Mining directors Allan Buckler and Paul Mantell and AusCann Holdings directors Mal Washer and Harry Karelis have been among a group of major Western Australian investors to have the value of their portfolios hit as markets have fluctuated in recent weeks.

Company director and former WA attorney general Cheryl Edwardes has been appointed as the new chairperson for agribusiness CropLogic while St John of God Health Care has appointed Azure Capital managing partner Adrian Arundell to its board.

A University of New South Wales study has called for caution about the potential benefits of medicinal cannabis to relieve pain, but a Western Australian hopeful in the sector is still confident for the future of the industry.

Joondalup-based medicinal cannabis hopeful AusCann Holdings has secured $33.4 million from local and North American institutions, with NYSE-listed marijuana play Canopy Growth Corporation upping its stake to 11.2 per cent.

SPECIAL REPORT: Battery metals businesses such as Pilbara Minerals, Altura Mining, and Western Areas have joined AusCann Holdings, Buru Energy and OM Holdings among the best-performing stocks in the year to June.

SPECIAL REPORT: AusCann has benefited from a wave of interest in medicinal cannabis for pain relief to be the BN30’s top performer in shareholder returns for the year to June 30.

The tech sector in WA is slowly maturing and the focus on startups is laying the groundwork for future growth.

AusCann Group Holdings has today announced two board changes, with managing director Elaine Darby advising of her resignation and pharmaceutical executive Paul MacLeman appointed as executive director.

A strong run over the past month from listed companies Mineral Resources, Woodside Petroleum and Seven Group Holdings has helped push Business News’ index of 30 local stocks to a record high this week.

AusCann Group Holdings has acquired a 7,300 square metre research and development facility in Perth for $5.25 million

Medical cannabis company AusCann Group Holdings has appointed international pharmaceutical executive Ido Kanyon as its new chief executive, nearly five months after it was announced that Elaine Darby would resign from the role.

Primewest has added seven-storey CBD office building ENI House to its portfolio for $86 million, amid fierce competition from local and overseas investors.

Automotive Holdings Group has slipped out of the benchmark S&P/ASX 200 index, while six Western Australian companies have moved into the S&P/ASX 300 index.

Mining technology company Imdex is the latest addition to the BN30 index, Business News’s Western Australian equivalent of the Dow Jones index on the New York Stock Exchange.

Perth-based Merchant Group is now the largest shareholder of medical cannabis company AusCann Group Holdings, after it acquired an 11.43 per cent stake worth around $11.6 million.

AusCann Group Holdings chair Mal Washer and director Cheryl Edwardes have advised they will retire from the medical cannabis company's board, with major shareholder Merchant Group planning to nominate one new director.

Max Johnston has been appointed chair of AusCann Group Holdings, succeeding Cheryl Edwardes, who had served in the role on an interim basis since earlier this year.

Medicinal cannabis company AusCann Group Holdings has bought in to the animal health sector after announcing its acquisition of NSW business CannPal Animal Therapeutics.

The strong growth of the medicinal cannabis industry will need to be supported by research for the sector to take the next step.

West Perth-based AusCann Group Holdings announced a multi-million dollar increase to its European facility and the proposed sale of its Wangara premises.

Medical grade cannabis company AusCann Group Holdings announced its chief executive Layton Mills has resigned after one and a half years with the group.

A Joondalup-based medical cannabis producer is moving to capitalise on Germany’s recent decriminalisation of the drug, outlining plans to merge with one of Europe’s largest cannabis manufacturers.