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.
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.
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.
Fortescue Metals Group founder and chair Andrew Forrest has seen his stake in the miner increase $249 million in value over the past four weeks, according to data on directors' shareholdings tracked by Business News.
A medical cannabis company focused on animal health has announced plans to list on the ASX, while two other companies - including a pearling business - have made movements in the pharmaceutical space.
SPECIAL REPORT: Backdoor-listed technology businesses and mining hopefuls have joined the state's top performers in financial year 2016 in Business News's annual analysis of total shareholder returns.
The chief executive of medical cannabis company AusCann Group Holdings has received a boost to her salary package, which will net her about $360,000 in cash for FY17.
The directors of medicinal cannabis companies Creso Pharma and AusCann Group Holdings have reaped windfall gains worth $13 million after the vesting of performance rights and performance shares.
Perth company AusCann Group Holdings has become the seventh applicant to gain regulatory approval to cultivate medicinal cannabis in Australia, with the news lifting its share price by 17 per cent today.
Murdoch University has partnered with a Perth company which plans to use cannabis as a medicinal product, a day after scientists from the University of Western Australia said cannabis use could damage a person's DNA.
Shares in TW Holdings slumped sharply today after it announced a backdoor listing of medical cannabis company AusCann Group Holdings, the second deal of this type involving members of the Washer family.
