AEB 0.00% 0.9¢ affinity energy and health limited

Ann: Algae.Tec Submits Australian License Application, page-6

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,445 Posts.
    lightbulb Created with Sketch. 160
    Tas Alk and why the partnership announced at same time have all it all set up for poppies so it would be tick a box to meet all security etc imo for research , production lic an it took from may to dec 7
    may
    AusCann Group Holdings (ASX:AC8) has signed a heads of agreement to form a long-term exclusive strategic partnership with Tasmanian Alkaloids, a global poppy grower and processor.
    The two companies will work together to establish cultivation, manufacturing and distribution operations for medicinal cannabis in Australia and overseas.
    Jointly, the two companies will secure a licence to cultivate and manufacture medicinal cannabis in Tasmania.
    The Tasmanian license will be in addition to AusCann’s current medical cannabis cultivation licence granted last week by the Office of Drug Control.
    Elaine Darby, managing director, commented: “This partnership with Tasmanian Alkaloids significantly builds on our position within the Australian market as a leading medicinal cannabis company that intends to cultivate, manufacture and supply the Australian market with access to high quality medicinal cannabis products.”

    Dec 7

    AusCann Group Holdings Ltd’s (ASX:AC8) strategic partner, Tasmanian Alkaloids has been granted a manufacturing licence by the Office of Drug Control.
    The licence allows for the joint manufacture and supply of medical cannabis products in Australia.
    AusCann and Tasmanian Alkaloids are the only Australian integrated operation holding cultivation and manufacturing licences, with a TGA approved manufacturing facility.
    This places the partnership well ahead with operations starting in 2018.



    Licence preconditions

    It is a precondition of applying for a licence that you are able to demonstrate that the cultivation and production of the cannabis is for the purposes of either:
    • supply to the holder of a medicinal cannabis manufacturer licence
    • research relating to medicinal cannabis or medicinal cannabis products
    If you apply for a cultivation-only licence, your requirement would be to demonstrate supply to the holder of a medicinal cannabis production licence.
    It is a further precondition that your licence application must be effective before it can be accepted for assessment. An application will be considered to be effective when:
    • all fields of the application form are filled in
    • all required documents are present.
    If you provide an application that does not meet the preconditions above, we will advise you and offer you the opportunity to rectify or otherwise. Your application will not be further considered until these preconditions are satisfied.
    Note that an application received with incomplete documents, or inaccurate information within application fields, may still be considered effective, but will then require further information exchanges in the assessment process. All applicants should note that Sections 137.1 and 137.2 of the Criminal Code Act 1995 create offences for providing false or misleading information or documents to a Commonwealth entity (which includes the Department and all parts of the Department).
    Once an application is considered effective, an associated application fee becomes payable. The formal assessment process begins once payment is received. This formal assessment process will consider the sufficiency of the responses to the information requirements.
    Permit preconditions

    It is a precondition of applying for a permit that you are able to demonstrate that the cultivation and production of the cannabis is for the purposes of either:
    • satisfying your contractual arrangements for supply to the holder of a medicinal cannabis manufacturer licence
    • research relating to medicinal cannabis or medicinal cannabis products.
    It is also a precondition of a permit application that you have been granted a licence!
    Licence requirements

    There are an extensive set of requirements that must be met to be granted a licence. These include your suitability as the applicant to hold a licence and the suitability of your associates (business, familial, or otherwise) to be associated with a medicinal cannabis business, and the security design and location of any proposed cultivation site.
    We require extensive information around these and other issues in support of a licence application. The purpose of such requirements are to allow us to make comprehensive assessments of the suitability of licence applicants and their associates, as well as adequacy of security and other processes around the cultivation of medicinal cannabis.
    Last edited by Teddyward: 792 12/12/17
 
watchlist Created with Sketch. Add AEB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.