Family of Donegal man killed while clearing trees awarded six figure sum

first_imgThe family of a 29-year old Donegal man who died while clearing trees for the construction of a wind farm has settled various legal actions for a substantial six-figure sum.Mr Justice Garett Simons in the High Court today approved the settlements of the actions including those for nervous shock over the death of the father of two in Donegal four years ago. Jonathan Gormley, a chainsaw operator and the father of two young children, died shortly before Christmas 2015 while clearing trees at the site of Meenadreen Wind Farm in the Barnesmore area.An inquest two years ago into the death of Mr Gormley returned a verdict of death by misadventure.By a Donegal Daily reporter at the High Court in DublinWhen he was found the inquest heard Mr Gormley was crouched down and a pine tree was across his left shoulder.Medical evidence at the inquest said the cause of death was traumatic or mechanical asphyxia secondary to compression of the chest due to a fallen tree.Mr Gormely’s partner, Mairead Coughlin, of Cluain Barron, Ballyshannon, along with Mr Gormley’s parents, Bridie and James Gormley, of Boa Island Road, Belleek, Co. Fermanagh, had sued Viridian Energy Ltd trading as Energia, Viridian Renewables Development Ltd and Windgeneration Ireland Ltd all with offices at Mill House, Ashtowngate, Navan Road, Dublin, which were the owners of the wind farm and Softwood Ireland Ltd of Ballymorris, Portarlington, Co. Laois, over the accident on December 21, 2015.It was claimed there was an alleged failure to have any or any appropriate employee to co-ordinate chainsaw work and to ensure no chainsaw worker was permitted to work alone.It was further claimed Mr Gormley had been allegedly allowed to attempt to clear a stand of trees manually using a chainsaw in circumstances where he allegedly should have been provided with appropriate mechanical plant and equipment.It was further alleged there was an alleged failure to ensure all chainsaw and tree-felling work was stopped where there were gale force gusts of up to 44 knots and Mr Gormley had been allegedly allowed to work on a day which was entirely unsuitable for the type of work involved and in circumstances where it was allegedly dangerous to perform chainsaw work in a stand of allegedly unstable, windblown and haphazard trees.The claims were denied.Michael Cush SC told the High Court the six-figure sum was a “global settlement figure” over the unfortunate death of Mr Gormley. He said there had been protracted mediation talks as a number of actions had to be settled.Approving the settlement, Mr Justice Garett Simons said it was a reasonable one.The inquest into Mr Gormley’s death heard he had not been seen for about two-and-a-half hours by the colleague who found him.Joe Devaney told the inquest that Mr Gormley was a saw man who cut trees ahead of him and he would then clear them with a harvesting machine.On the day of Mr Gormley’s death, Mr Devaney said he last saw him around 11.30am or 12pm on December 21 when they had a chat and a cigarette together and then Mr Gormely went to work on a hill.It was a windy day and he said he rang Mr Gormley’s mobile phone four times between 2.17pm and 2.36pm, but got no answer and got worried.When he went to look for him he found Mr Gormley with his helmet on and on his knees with a tree down on his shoulder.Mr Devaney said he could not find Mr Gormley’s pulse.He said he was unable to lift the tree off him and was later given the go-ahead to cut the tree. Attempts were made to revive Mr Gormley but he was pronounced dead at the scene.Family of Donegal man killed while clearing trees awarded six figure sum was last modified: August 1st, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Arunachal Pradesh plans fixed-wing flight service to Mechuka, closest to China border

first_imgArunachal Pradesh will be inviting bids for a fixed-wing flight service to Mechuka, a small town in West Siang district ,with an advance landing ground (ALG) that is closest to the border with China.Also spelt Menchuka, the Buddhist-dominated Mechuka is perched 6,200 feet above sea level in the Eastern Himalayas and at an aerial distance of 29 km from the nearest point on the India-China border.“We would soon be floating a tender for operating nine-seater flights between Mechuka and Guwahati or Dibrugarh [Assam] or both. We did invite bids some time ago, but had to go for re-tendering because there was only one bidder,” Pasang Dorjee Sona, the frontier State’s honorary parliamentary secretary for tourism, told The Hindu at an event on infrastructure development in Guwahati on Monday.Fit for bigger flightsThe landing strip at Mechuka’s ALG, one of six the Defence Ministry had reconstructed, expanded and made operational by April last year, is 4,200 feet long. The Indian Air Force (IAF) controls this ALG as well as the other five – Tuting, Aalo, Pasighat, Vijaynagar and Ziro.In November 2016, the IAF successfully landed a C-17 Globemaster, a large military cargo aircraft that normally needs a longer runway at sea level, at Mechuka.“We want to test the waters with a smaller aircraft initially for a once-a-week flight. The frequency and size of fixed-wing aircraft can be increased depending on the response the service receives from tourists,” Mr. Sona, who represents the Mechuka Assembly constituency, said.The nine-seater flight service, to be handled by the State’s Civil Aviation department, is not part of New Delhi’s Udey Desh ka Aam Naagrik or UDAN scheme for regional connectivity.There is a twice-a-week helicopter service between Mechuka and Naharlagun, a commercial helipad near State capital Itanagar. But this service on Mondays and Saturdays is erratic because of unpredictable weather.Fixed-wing flights are considered better for negotiating cloudy and rainy conditions at high altitudes than helicopters.Mountain bikingMechuka is about 190 km north west of West Siang district headquarters Aalo. The road has not been in the best of shape, but the State government claims it will benefit from the 1,559 km Trans-Arunachal Highway (from Tawang in north-west to Kanubari in south-east) and branch projects.The difficulty in reaching Mechuka terrestrially, however, has been a boon in disguise for mountain terrain biking (MTB), Mr. Sona said.“MTB enthusiasts from all over have certified a 700 km stretch from Mechuka to Itanagar as the best track for mountain biking. We are focusing on this and other adventure sports such as white- water rafting in a big way,” Mr. Sona said.last_img read more

Kejriwal holds his first-ever roadshow in Haryana

first_imgAam Aadmi Party national convener Arvind Kejriwal on Sunday held his first-ever road show in Haryana in support of the party’s Faridabad Lok Sabha candidate and State unit chief Naveen Jaihind.In an appeal to the electorate to vote for his candidate, Mr. Kejriwal said that AAP, along with alliance partner Jannayak Janta Party (JJP), was committed to put an end to the rule of criminals and ensure the security and safety of women in the State. Mr. Kejriwal said that corruption had reached its peak in Faridabad and successive governments had plundered the resources of the city. Flanked by JJP leader Dushyant Chautala and Mr. Jaihind, the Delhi Chief Minister addressed the crowd from atop a mini-truck outfitted to look like a “rath”, with flags of the two parties tied to either side.Accompanied by a large motorcade, the seven-hour-long roadshow started at the Delhi-Faridabad border around 3 p.m. The roadshow passed through five Assembly constituencies: Tigaon, Old Faridabad, Badkhal, NIT and Ballabgarh. AAP supporters could be seen standing on the roofs holding party flags, clicking pictures and waving at the senior leaders as the motorcade passed through several localities.Addressing the crowd at several stops, Mr. Kejriwal accused the BJP and the Congress of creating division in society by pitting one caste against another. Donning the trademark AAP cap, Mr. Kejriwal claimed that his party did not discriminate along caste lines and took everyone along. “We are offering opportunities and respect to all,” said Mr. Kejriwal. He said that Faridabad topped Haryana in crime against women and had reported the maximum number of gang-rapes in the State.Mr. Chautala said that sitting Faridabad MP Krishan Pal Gurjar had won the previous election calling the toll tax as discriminatory, but did not keep his promise to remove the toll plaza. He said that toll was charged on all the roads leading to Faridabad, adding that it was not possible to enter the city without paying the toll.Making an appeal to the people to ensure victory for the joint AAP-JJP candidate with record votes, Mr. Chautala said that they had fielded a candidate who was the most educated among all in the fray.Mr. Jaihind said that the law and order situation in the city could not be improved till the time transfers and postings in the police department were carried out at the behest of politicians.AAP Rajya Sabha MP Sushil Gupta said that the BJP remembered the trading community only for donations and votes. He said that demonetisation and the Goods and Services Tax had ruined businessmen. He said that the BJP had back-stabbed the trading community and they should now be prepared to avenge it.last_img read more

11-time PBA champion Bolado dies in motorcycle crash

first_imgBSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Bolado, who played for National University in college, also left behind two children.Ginebra mentor Tim Cone, the late player’s coach in Alaska, and former teammates expressed shock over the incident. Brace for potentially devastating typhoon approaching PH – NDRRMC Frontrow holds fun run to raise funds for young cancer patients  Fire hits houses in Mandaluyong City The 6-foot-6 Bolado, drafted 13th overall by Alaska Milk in 1994, won 11 PBA championships, including a Grand Slam with Alaska in 1996.He also suited up for Ginebra, Purefoods, Pop Cola/Coca-Cola, San Miguel and Red Bull before retiring in 2013 with career averages of 2.4 points and 2.1 rebounds.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutAccording to reports, Bolado was working as a basketball coach in an international school in the Cambodian capital.He was likewise managing a Filipino restaurant with partner Anne Christine Waje at the time of his death. Don’t miss out on the latest news and information. LATEST STORIES E.T. returns to earth, reunites with grown-up Elliott in new ad center_img Bombers, Generals clash MOST READ Photo from Cris Bolado’s Facebook accountFormer Philippine Basketball Association player Cris Bolado was killed Sunday in a motorcycle crash in Phnom Pehn, Cambodia.He would have turned 48 in October.ADVERTISEMENT LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Nonong Araneta re-elected as PFF president Kammuri turning to super typhoon less likely but possible — Pagasa Read Next View commentslast_img read more

Gilas begins buildup with closed-door practice

first_imgKammuri turning to super typhoon less likely but possible — Pagasa WATCH: ’Emotional’ Hayward recalls how his family felt after horrific injury LATEST STORIES QC cops nab robbery gang leader, cohort MOST READ Read Next CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA Brace for potentially devastating typhoon approaching PH – NDRRMC Chot Reyes. Photo by Tristan Tamayo/ INQUIRER.netTwenty-one days before the start of the 2017 Fiba World Cup qualifiers, Smart Gilas Pilipinas coach Chot Reyes is going down to business as he is set to hold his first practice session behind closed doors.The outspoken mentor made the announcement on Friday afternoon as he begins his preparations for the pair of home-and-away games later this month.ADVERTISEMENT Don’t miss out on the latest news and information. center_img Stronger peso trims PH debt value to P7.9 trillion John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding “Yes we will practice but behind closed doors. No Gilas player/coach will grant any interview in the meantime. I hope you understand,” he wrote on his Twitter account @coachot.Yes we will practice but behind closed doors. No Gilas player/coach will grant any interview in d meantime. I hope you understand #💪❤️FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout— Chot Reyes (@coachot) November 3, 2017 Japan ex-PM Nakasone who boosted ties with US dies at 101 Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Typhoon Kammuri accelerates, gains strength en route to PH Players who were earlier named in the national team pool are expected to show up, especially those were part of the 2017 Fiba Asia Cup squad which finished seventh place in Lebanon.Reyes is expecting a high turnout, especially with all 12 PBA teams giving the players the green light despite the impasse that has divided the Board of Governors in relation to the status of PBA commissioner Chito Narvasa. View commentslast_img read more

NBA: Celtics are ‘team of the future in the East,’ coach Kerr says

first_imgStronger peso trims PH debt value to P7.9 trillion Although the boys of Beantown are situated on the Eastern Conference side, Golden State Warriors head coach Steve Kerr is keeping tabs on the league’s hottest team.“It sure looks like Boston is the team of the future in the East, with the assets that they still have and their young talent and their coaching, and Kyrie (Irving) is amazing,” Kerr told ESPN’s Chris Haynes.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutNo stranger to accumulating consecutive victories both as a coach and a player, Kerr had nothing but compliments for the Brad Stevens-led squad.“That looks like a team that is going to be at the top of the East for a long time to come,” he said. “Whether their time is now or the future, that’s to be determined, but they sure look like they want it to be right now.” Japan ex-PM Nakasone who boosted ties with US dies at 101 MOST READ Typhoon Kammuri accelerates, gains strength en route to PH FILE – In this Monday, Nov. 28, 2016, file photo, Golden State Warriors head coach Steve Kerr directs his team during the first half of an NBA basketball game against the Atlanta Hawks in Oakland, California. Golden State Warriors coach Steve Kerr is not yet ready to return to the bench as the franchise prepares for its third straight trip to the NBA Finals.After dropping its first two games of the season, the Boston Celtics are sitting at the top of the NBA Standings, winning 13 straight games.READ: Masked man: Irving returns as Celtics win 13th straightADVERTISEMENT The odds didn’t seem to be in the favor of the storied franchise at the beginning of the year, retaining only four players from last year’s team that reached the Eastern Conference Finals.To make matters worse, the team’s prized off-season free agent signing Gordon Hayward suffered a season-ending ankle injury on opening night.Anchored by Irving’s magnificent play and steady contribution from veteran Al Horford and young guns Jaylen Brown and Jayson Tatum, the Celtics are once again primed to rule at the top of the East and perhaps even more.“Even without Gordon Hayward and that awful injury, Boston is just crushing people,” Kerr shared.“So, it’s going to be really fun to go against them on Thursday. We know how tough it’s going to be,” he added, referring to the team’s match-up with the Warriors.ADVERTISEMENT John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding QC cops nab robbery gang leader, cohort Don’t miss out on the latest news and information. Read Next UAAP taekwondo: NU starts strong in title-retention bid LATEST STORIES Brace for potentially devastating typhoon approaching PH – NDRRMC CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA Kerr added: ”They’re really sound, and they’re motivated. It’s a team that’s been on the rise the last couple of years. They lost in the conference finals. They want to win a championship, and it looks like it”.  Khristian Ibarrola /raRELATED STORY:LeBron: ‘It’s been a while since I had a guy who can score and create for others’ Kammuri turning to super typhoon less likely but possible — Pagasa Giannis Antetokounmpo powers Bucks in bounce back win over Celtics PLAY LIST 02:29Giannis Antetokounmpo powers Bucks in bounce back win over Celtics00:45Onyok Velasco see bright future for PH boxing in Olympics00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games View commentslast_img read more

Domantas Sabonis sharp again at MSG as Pacers beat Knicks

first_imgSTOMACH SICKNESS?Kanter posted a video of his “cheat day” meal on Wednesday, with seven burgers and a plate of fries on the table in front of him. He then missed practice Thursday and the game Friday because of illness, leading to speculation that he had ate himself sick. But Fizdale thought there was no way Kanter actually ate all that food.“The guy walks around with his shirt off all day in the locker room. There’s no way he’s stuffing seven burgers down his face. I just don’t see that,” Fizdale said. “I think sometimes people take the ‘gram too seriously.”UP NEXTPacers: Host Phoenix on Tuesday.Knicks: Host Philadelphia on Sunday.Sports Related Videospowered by AdSparcRead Next “It felt good to play here,” rookie Kevin Knox said. “Not the result we wanted, but it felt good to finally be back at Madison Square Garden.”New York battled back from 13 down to take the lead on Tim Hardaway Jr.’s second straight 3-pointer, but with the game tied, Indiana scored the final 12 points, with Oladipo hitting consecutive 3-pointers, to make it 64-52 at halftime.Bogdanovic then opened and closed a 16-7 spurt out of the locker room with 3-pointers to open an 80-59 cushion.Hardaway played just a minute of the fourth quarter before leaving for good because he was cramping. He said he expected to be fine.TIP-INSPacers: Turner has a sore right shoulder. … The Pacers have won the last five meetings.Knicks: New York played without Enes Kanter (illness), Frank Ntilikina (sprained left ankle) and Mitchell Robinson (sprained left ankle). … Knox was presented with the Eastern Conference rookie of the month award for December before the game. … The Knicks celebrated Croatian heritage night. Hezonja and Bogdanovic are Croatian, with Bogdanovic the leading scorer in the 2016 Olympics with 25.3 points per game.PORZINGIS PROGRESSKnicks coach David Fizdale said the team is leaning toward leaving Kristaps Porzingis home next week when the Knicks travel to London to play Washington, believing that is better for the All-Star forward’s rehabilitation from his torn ACL than traveling. Fizdale said he spoke Friday with Porzingis, who is scheduled to be re-evaluated in about a month. He said Porzingis’ spirits were positive.“Obviously he misses playing, that part has been hard,” Fizdale said, “but he’s starting to get stronger, so he’s feeling better. And he seems to be in a really good place.” Sabonis shot 9 for 14 from the field to finish 21 of 26 this season in two games in New York. Playing as a reserve, he made all 12 shots and tied his career high with 30 points when the Pacers won here on Halloween.Starting this time with Myles Turner out of the lineup, he led six players in double figures as Indiana shot 52 percent. He couldn’t explain why he is so good in New York.“I treat every game the same way,” he said. “Come out, my teammates do a great job of finding me and I just try to do my job.”Bogdanovic had 15 points.Emmanuel Mudiay scored 21 points for the Knicks, back from a lengthy, six-game road trip and playing their first game at Madison Square Garden since Christmas. They lost their seventh straight at home.ADVERTISEMENT SEA Games hosting troubles anger Duterte Is Luis Manzano planning to propose to Jessy Mendiola? Indiana Pacers forward Domantas Sabonis reaches for a loose ball during the second half of the team’s NBA basketball game against the New York Knicks, Friday, Jan. 11, 2019, at Madison Square Garden in New York. The Pacers won 121-106. (AP Photo/Mary Altaffer)NEW YORK — Beaten badly in Boston, the Indiana Pacers shifted their energy to finishing their road trip with a winning record.It helped that it ended in a building where Domantas Sabonis barely misses.ADVERTISEMENT SEA Games: Biñan football stadium stands out in preparedness, completion Don’t miss out on the latest news and information. LATEST STORIES TS Kammuri to enter PAR possibly a day after SEA Games opening PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss Hawks pounce on Jimmy Butler’s miscues, stun 76ers on John Collins’ late jumper Private companies step in to help SEA Games hosting Hotel management clarifies SEAG footballers’ kikiam breakfast issue SEA Games: Biñan football stadium stands out in preparedness, completion LOOK: Joyce Pring goes public with engagement to Juancho Triviño MOST READ Sabonis had 22 points and 15 rebounds to cap his sizzling season at Madison Square Garden, and Indiana bounced back from its worst performance of 2018-19 by beating the New York Knicks 121-106 on Friday night.Victor Oladipo added 19 points for the Pacers, who finished 3-2 on their longest trip of the season. They yielded season highs of 135 points and 56.8 percent shooting in their 27-point loss in Boston, and spent two days talking about finishing strong.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool stars“Even though we were 2-2 we felt like we hadn’t played our best basketball,” Oladipo said, “and I think we came out today with a chip on our shoulder and we did a great job of using that intensity and that edge and going out there and playing with that chip.”And with energy and anger. Oladipo threw down a dunk over Mario Hezonja, and Sabonis and Bojan Bogdanovic both had powerful slams in the first half. View commentslast_img read more

10 months agoHuddersfield boss Wagner: We score thousands of training goals

first_imgAbout the authorFreddie TaylorShare the loveHave your say Huddersfield boss Wagner: We score thousands of training goalsby Freddie Taylor10 months agoSend to a friendShare the loveHuddersfield Town boss David Wagner has called on his players to start converting their chances as they look to escape relegation this season.The Terriers have scored just four goals in their last six matches ahead of their bottom of the table clash with Fulham on Saturday.Wagner said: “In training it’s not about a lack of effort or attitude. In training they hit the back of the net thousands of times.”But in games it hasn’t clicked so far. This is the truth, but I think it is all about seeing the chance and taking the opportunity that is in front of you.”Recent results have affected our performances. In other games performances were on a very good level.”We defended well and created unbelievable opportunities but we didn’t score and this is the truth.”This is where we have to improve – we have to take steps to convert our chances, our performances and our ball possession.” last_img read more

Health Canada nearly doubles number of pot producers in second half of

first_imgOTTAWA – Health Canada has nearly doubled the number of licensed cannabis producers in the country over the past six months and new numbers show hundreds more applicants are in the final stages of approval as the government rushes toward national marijuana legalization by next July.The dramatic surge in approved and aspiring producers comes in the wake of the agency’s concerted efforts to loosen its bureaucratic approval process and head off what many experts fear will be a looming supply crunch for the burgeoning legal cannabis market.In late May, Health Canada announced it would “streamline” the approval process, which many would-be producers described as onerous and contended took years to complete. The agency stepped up the resources to process applications and said it would start conducting some phases of the approval process at the same time and also made it easier for existing licence holders to expand.When the announcement was made, Health Canada had granted just 44 production licenses since it starting doling out approvals four years prior. Since then, however, the number has almost doubled to 80.Provincial governments, police forces and marijuana companies have also been scrambling to prepare for legalized recreational sales, which the Prime Minister’s Office confirmed Wednesday are expected by July — but not necessarily the Canada Day deadline that many had assumed.A wave of pending applications has the potential to nearly triple the number of producers operating in a legal recreational market.Health Canada spokeswoman Tammy Jarbeau said that as of Dec. 1, 208 applicants were in the final stages of the approval process.“These applicants have completed the security clearance process and their application is being reviewed to determine whether it meets all the requirements of the regulations,” she said in a statement.“A licence is only issued once security clearances have been granted, the application meets the regulatory requirements and a facility has been built.”Industry watchers who had been expecting a spike in the number of licenses were nonetheless surprised by the latest figures, saying the number of pending approvals exceeded their expectations.But Vahan Ajamian, a research analyst with Beacon Securities Ltd., cautioned against interpreting the high number of applications as a sign that Canada will avoid a supply crunch.He predicted that the influx of new producers would have only a limited impact when cannabis becomes legal next summer.Even if a cultivation license is issued in January, producers will likely need more time to line up financing, build up capacity, grow crops and make other arrangements to supply the market, said Ajamian.“It might lessen the shortages in the first couple of months. But I still predict we will see shortages, sellouts — especially in provinces and areas that haven’t locked down their supply.”Many of the provinces have indeed sounded alarm bells on the issue, urging Ottawa to ensure the supply of legal cannabis is equal to the anticipated demand for the product.Nova Scotia first voiced concerns about supply earlier this month after unveiling its framework for the sale of legal marijuana.The government said it would prefer to see provincial supplies come from local production facilities, although so far only two such operations have secured Health Canada approval. Their licences, moreover, cover only permission to grow pot, not sell it.Newfoundland and Labrador Premier Dwight Ball said although his province has inked its first production agreement, that alone won’t make product available until 2019.Analyst and government figures do little to dispel fears of a supply shortage.A report by Canaccord Genuity estimates that demand for both medical and recreational marijuana will total nearly 570,000 kilograms by 2021. By contrast, numbers from a Health Canada showed that total inventories of dried and oil-based cannabis in producers’ inventories totalled less than 40,000 kilograms as of June, the last month for which data was available.One lawyer suggested Health Canada’s previous approval process contributed to the current low supply levels.Eileen McMahon, chair of intellectual property and food and drug regulatory practices at Torys law firm, said companies have faced an extremely high regulatory burden in order to get a license approved.She estimated roughly 70 to 75 per cent of those who apply for a Health Canada marijuana license don’t make the cut — a much higher rate than seen in other industries, such as medical devices and prescription drugs.And while the recent increase in approvals means there will be more players ready to serve the market, the stringent regulatory and ongoing compliance requirements that producers will have to meet once licensed will likely whittle down the field again, McMahon said.“This is not for the faint of heart,” she said.“The question is who can hang in there. Who is going to survive?”last_img read more

Spin Master Corp Q1 income falls nearly 14 due to Toys R

first_imgTORONTO – Spin Master Corp. says its net income fell nearly 14 per cent in the first quarter due in part to the impact of a multi-million dollar Toys “R” Us bad debt expense.The company, which keeps its books in U.S. dollars, says its net income was $8.7 million or nine cents per share for the first quarter of its 2018 financial year, compared to $10.1 million or 10 cents per share for the same quarter the previous year.The toy company says it incurred a $15.2 million bad debt expense, including administration costs, after Toys “R” Us Inc. sought approval to wind down its American business and liquidate inventory, and Toys “R” Us International closed and liquidated most of its U.K. business in the quarter.Adjusted net income was $22 million or 22 cents a share for the quarter, compared to $13.6 million or 13 cents a share for the same quarter the previous year.Co-CEO Ronnen Harary says in a statement the company’s results are a testament to the team’s effort in effectively managing the company through the industry-wide disruption caused by the Toys “R” Us U.S. liquidation.Spin Master says revenue for the quarter ended March 31, 2018 increased 25.5 per cent to $285.7 million from $227.7 million.The company also updated its outlook for the 2018 financial year, saying it now expects organic gross product sales to grow in the mid-single digit range from the previous year rather than the mid- to high-single digit range.Companies in this story (TSX: TOY)last_img read more