There partner TAS Alk has it IMO
They have a offtake agreement with partner IMO
That satisfies conditions IMO
Difference to AEB is stark as AEB can apply for whatever they want but unless a complete application is recieved and they then have a partner or themselves who is suitably qualified in security and suitable plant to process etc etc then what are the odds of issue and what are the odds of getting approval to plant? You need to look at complete application forms and understand details required and Tas Alk ticked the box straight away as they are known and dealing with poppies.
"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."