AusCann in medicinal cannabis alliance
Australian medicinal cannabis firm AusCann has entered a partnership with the world's biggest legal cannabis producer, Canada's Canopy Growth Corporation.
As Australia's nascent medicinal cannabis sector starts to develop, AusCann says its deal with Canopy puts it in pole position for international expansion opportunities.
So-called "pot stocks" have been encouraged by the Australian government's decision in February to allow cannabis cultivation for medical or scientific purposes.
AusCann said the deal will give it access to Canopy's expertise in cultivation, manufacture and supply of quality medicinal cannabis ahead of a planned ASX listing in July.
AusCann expects to start trading on the Australian share market via a reverse takeover of listed wine investor TW Holdings.
Shares in TW Holdings, which will alter the nature of its business and change its name to AusCann, jumped 0.1 cent, or 10 per cent, to 1.1 cents on Monday.
AusCann chief executive Elaine Darby said...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
Follow us on Instagram
Connect with us on Linkedin