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Home 🌿 Marijuana Business News 🌿 AusCann Deals into Medical Cannabis Production Exposure in Chile 🌿

AusCann Deals into Medical Cannabis Production Exposure in Chile

Submitted by Marijuana News on Fri, 11/11/2016 - 09:42

AusCann has entered into an agreement to form a joint-venture with Chilean group Fundación Daya.

TW Holdings Ltd (ASX:TWH) is in the process of re-listing on the Australian Securities Exchange as AusCann Group Holdings Limited.

AusCann has entered into an agreement to form a joint-venture with Chilean group Fundación Daya – the only group to have held a medical cannabis production licence in Chile.

The agreement provides immediate ability to commence grow operations with a strong local partner already holding necessary licences and permits.

It also delivers strong relationships with government, hospitals, patients and pharmaceutical manufacturers & distributors that are already in place.

The first crop is to be planted later this month with first harvest in May 2017.

Elaine Darby, managing director for AusCann, commented:

"We established AusCann in 2014 with the belief that patients have the right to high quality, cost effective, clinically...

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Chile

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