Health Canada revokes licences of pot producer Agrima Botanicals

VANCOUVER — Cannabis producer Agrima Botanicals Corp. has had its licences revoked by Health Canada, months after the company disclosed the regulator’s finding that “unauthorized activities” with pot took place at the firm.Agrima is now listed on Health Canada’s website of licensed producers with the status “revoked,” after having its licences suspended last fall.Agrima’s parent company Ascent Industries Corp said in November that the regulator had asserted that “unauthorized activities” involving cannabis occurred at the company during a period of time when it was privately held, but it was appealing its suspension.Health Canada has said it suspended Agrima’s producer and dealer’s licence under the former Access to Cannabis for Medical Purposes Regulations for non-compliance with the regulations, and notified it in November that it intended to revoke them.The revocation comes after the B.C. based cannabis company filed for creditor protection earlier this year to address near-term liquidity issues which it says were in “large part” caused by the suspension of its licences.A July 9 report by Ascent’s court-appointed monitor Ernst & Young said the firm hired a consultant to engage with Health Canada about the sale or transfer of the suspended licences, but received no response from the regulator.Ascent was not immediately available for comment.The Canadian Press read more

Komatsu Mining strengthens underground drilling bolting with Timberock acquisition

first_imgKomatsu Mining has announced the acquisition of Timberock International Ltd to support the growth of its hard rock drilling and bolting solutions for mining customers worldwide.Based in Elliot Lake, Ontario, Timberock is a specialty business that Komatsu says has developed world-class drilling and bolting technologies by focusing on differentiation through innovation and customer-oriented service.“Timberock’s history of customer driven product innovation and focus on service makes them a great complement to our existing business,” said Josh Wagner, Vice President of Komatsu Mining hard rock solutions. “This acquisition expands our range of offerings for drilling and bolting products, and provides exciting product development and synergy opportunities.”With the addition of the Timberock portfolio, Komatsu Mining can now offer customers a complete range of hard rock drilling feed and bolting head products, and expanded capabilities in drifter repairs.Komatsu Mining’s suite of underground hard rock offerings includes: hydraulic jumbo drills, in-the-hole production drills, drifters, loaders, trucks, raiseboring tools and blasthole drilling tools.last_img read more