Cannatrek to begin medicinal cannabis production in Queensland

Cannatrek to begin medicinal cannabis production in Queensland

Australian medicinal cannabis producer Cannatrek is adding to its large-scale growing capability after receiving a permit to begin growing the drug in Queensland.

The company has received a growing permit for its Queensland facility from the Office of Drug Control (ODC). The facility has a total growing area of 3,200m2 in climate-controlled greenhouses.

This announcement follows the recent news from Cannatrek that it will build a $160 million production facility in Shepparton, Victoria.

The Shepparton site is expected to be one of the world's largest cannabis production facilities and will produce around 160 tonnes of the product per year.

Cannatrek CEO Tommy Huppert says the green light from the ODC for its Queensland site will enable the company to become one of the Australia's leading medicinal cannabis companies.

"Cannatrek recently received its first shipment of medicinal cannabis seeds at its Queensland facility and we expect more seed varieties to arrive soon," says Huppert.

"We will trial a variety of genetic strains in order to locate the best strains and then use those strains to produce up to 5 tonne of diverse, low-cost medicines for the growing number of patients in Australia and overseas.

"Cannatrek is positioned as a leading provider of medicinal cannabis products and services to doctors, pharmacies and patients across Australia as a licensed importer, wholesaler and now, local cultivator."

Never miss a news update, subscribe here. Follow us on Facebook, LinkedIn, Instagram and Twitter.

Business News Australia

Get our daily business news

Sign up to our free email news updates.

 
Finexia’s Childcare Income Fund secures ‘very strong’ rating from Foresight Analytics & Ratings
Partner Content
Private credit specialist Finexia Financial Group (ASX: FNX) has secured a “very...
Finexia
Advertisement

Related Stories

Billionaire pubs baron Mathieson boosts holding in The Star back to nearly 10pc

Billionaire pubs baron Mathieson boosts holding in The Star back to nearly 10pc

Pubs baron Bruce Mathieson has taken advantage of a slump in The St...

Don’t understand predictive algorithms? Xplainable bridges the “how and why” gap of machine learning

Don’t understand predictive algorithms? Xplainable bridges the “how and why” gap of machine learning

"There is so much hype around AI. Let's just focus on...

IHG teams with Felix Capital for four-star Holiday Inn at Caloundra

IHG teams with Felix Capital for four-star Holiday Inn at Caloundra

IHG Hotels & Resorts has partnered with Sydney-based Felix Capi...

Construction and hospitality dominate insolvencies amid 36pc spike in administrator appointments

Construction and hospitality dominate insolvencies amid 36pc spike in administrator appointments

Whilst barely a fortnight goes by when a well-known Australian comp...