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

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Does your pay structure answer today's challenges?
Partner Content
If you are not reassessing how your organisation remunerates and rewards employees as a...
Aon
Advertisement

Related Stories

Seven West buys stake in fintech Raiz for $10 million

Seven West buys stake in fintech Raiz for $10 million

Australian media giant Seven West Media (ASX: SWM) will take a stra...

Shine launches class action against QSuper

Shine launches class action against QSuper

Members of QSuper have filed a class action against the super fund ...

Nic Blair's digital healthcare startup Midnight Health scores $4m investment from nib

Nic Blair's digital healthcare startup Midnight Health scores $4m investment from nib

Health insurer nib (ASX: NHF) has put its weight behind healthcare ...

Reprieve for EML Payments as Irish regulators allow new customers and programs

Reprieve for EML Payments as Irish regulators allow new customers and programs

The dreaded 'Bank of Ireland Update' has become an ominous ...